Doug Talks Money | Follow for Unfiltered Financial Insights | Wealth Strategist | Real Estate Tax Specialist | Strategic Asset Planning | Fiduciary
💣🧨As the adoption of Artificial Intelligence continues to expand, companies across the globe are rushing to integrate the technology. Whether it is to benefit the end user like a ChatGPT or internally to manage logistics or data collection, companies everywhere are tapping AI to grow. Given the popularity and certainly the hype, it feels like AI has been around for years, but this new mega trend is still in its infancy as you can see from the small yellow line, beginning in early 2022. 😲🚀 Despite the incredible performance of the Magnificent 7 stocks this year, when viewed in the context of this chart, AI appears to have plenty of room to run. As you can see there have been several other mega trends, most recently Bitcoin and FAANG stocks, that have surged exponentially following their entrance to the market. Over time, as valuations are stretched, the market becomes saturated, and growth stagnates. 🫧💼 This creates an asset bubble, which as you can see ultimately results in significant losses when a correction begins. Despite the precipitous declines, most asset bubbles do recover, but the process can take years. Having a good understanding of not only the assets you are buying, but also the industry and market cycles are critical to making sound investment decisions. 💯For more great insights, check out my website🔥 www.doug-gibson.com #DougGibson #gainin60seconds #financialadvisor #financialplanner #financialadvice #investments #wealthplanner #wealthadvisor #assetstrategy #assetplanning
