Today Jack is joined by an anonymous trader known only by their Twitter handle @Citrini7, who has the absolute “hottest hand” when it comes to picking Artificial Intelligence (AI) stocks. Citrini is very optimistic about the boost that the adoption of AI will provide to semiconductor companies, data service providers, and optical fiber companies, and he describes in depth some of the stocks from his AI basket he thinks are most poised to benefit, which in aggregate are up ~50% this year.
Quoting George Soros’ saying that, “when I see a bubble, I rush in to buy it,” Citrini thinks AI might prove to be a bubble, but that if it is a bubble, it is in the early stages. Filmed on June 2, 2023.
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Citrini Substack https://citrini.substack.com/
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Timestamps:
00:00 Intro
03:51 Is Artificial Intelligence (AI) Already A Bubble?
28:21 The Lipstick Effect
32:50 How Can These Rich Valuations Be Justified?
41:57 Permissionless
42:34 The Losers of The Rise of Artificial Intelligence
50:43 Blockworks Research