Maria’s Note: Maria Bonaventura here, senior managing editor of Inside Wall Street with Nomi Prins. Over the past few weeks, we’ve been writing a lot about the boom in artificial intelligence (AI).
For more on that, today we’re handing the reins to longtime Rogue Economics friend Teeka Tiwari.
Teeka predicted the AI boom back in 2015, years before anyone was talking about AI. He recommended shares of Nvidia when it was still trading cheap… And if you listened to his advice, you could’ve seen gains over 5,200%.
Nvidia’s price has skyrocketed since then. But Teeka’s found another way to play this boom – with even bigger upside potential.
It all has to do with billionaire Elon Musk’s latest AI venture… and an off-the-radar company positioned to benefit. Read on…
Elon Musk’s New Venture Is a Game-Changer for AI
Most people have no idea what’s going on at the facility I’m standing in front of in this picture below…
But what’s happening here will revolutionize the artificial intelligence (AI) industry…
The facility doesn’t belong to Nvidia, Microsoft, Google, or any popular AI company you might’ve heard of.
Instead, it’s owned by a company already supplying Tesla CEO Elon Musk with a key piece of AI technology.
And when I say key piece… I mean without this technology, Musk’s new AI venture wouldn’t be possible.
That’s why I recently booked a self-driving Tesla car to take me to Arizona’s Sonoran Desert to visit this facility. (You can watch the full video right here.)
I wanted to see with my own eyes that it’ll be a game-changer for AI, like many believe.
My visit – and my research – confirms it.
What’s happening inside these walls is so important that the U.S. government has declared it a matter of national security.
And Forbes says it “will define the future of AI.”
That’s why legendary investors on Wall Street are pouring a ridiculous amount of money into the company behind this AI project.
Billionaire Ken Griffin – the founder of the largest hedge fund in the world, Citadel – has already taken a stake.
This is the man who made $16 billion in profits last year – the biggest annual windfall in the history of hedge funds. He’s now betting big on this project.
Famous billionaire Ken Fisher has bet more than $2 billion on this project.
Jim Simons – founder of Renaissance Technologies – put $294 million into the company that owns this facility.
Renaissance Technologies is the best-performing hedge fund in history. Had you invested $1,000 in his fund when it launched in 1982, it would have grown to $20 million today.
Friends, these are the titans of Wall Street.
So ask yourself: Why are they betting billions of dollars on this company most people have never heard of?
I believe they’ve figured out this project will supply Musk with a key piece of advanced technology for his new venture.
Love Him or Hate Him
Love him or hate him, it’s hard to argue that Musk isn’t a genius. Many consider him the Thomas Edison of our generation.
His past ventures have changed the world and made a lot of people filthy rich. Just think about it…
Musk revolutionized online payment processing when he founded PayPal in the late 1990s. Shortly after its initial public offering (IPO) in 2002, eBay bought PayPal at a 50% premium to the IPO price. Musk’s stake gave him $175.8 million.
That money in turn went into the investments he’s famous for today, which has turned into his $251 billion net worth.
His SpaceX company revolutionized space exploration with its rockets and spacecraft. Early investors in SpaceX had a chance to pocket a whopping 555,455% gain… enough to turn $1,000 into over $5.5 million.
He did the same thing with his most famous brand, Tesla, which revolutionized the auto industry. Anyone who bought shares of the electric vehicle pioneer at the IPO had a chance to pocket a gain of 35,988%.
Do you see the pattern here?
That’s why I’m so excited about Musk’s new AI venture.
Let me give you a bit of background…
You’re probably familiar with ChatGPT. It’s an AI chatbot that can respond to questions and write content like articles, social media posts, emails, and more.
ChatGPT launched in November 2022, and it took the world by storm. Within five days it gained over 1 million users. And in two months, it topped 100 million.
A few years ago, Musk left OpenAI (the company behind ChatGPT) because he didn’t like the direction the other partners were taking the company.
In fact, ChatGPT has been recently criticized for giving a lot of wrong answers and being politically biased.
Even Musk said, “The danger of training AI to be ‘woke’ – in other words, lie – is deadly.”
That’s why he’s working on a new AI project. He’s on a mission to create a better version of ChatGPT.
In my view, nobody in the world has more real-life AI experience than Musk.
For years, he’s been working on AI to build self-driving Teslas.
If you think about it, Musk basically developed a brain that can drive a car, which is a very complex endeavor. All that experience gives him a huge advantage against his competitors.
As Musk said: “I don’t think there’s anyone even close to Tesla on solving real-world AI.”
And his AI background doesn’t just come from Tesla.
In 2011, Musk also became an early investor in DeepMind… an AI company that was later acquired by Google.
And as I mentioned above, in 2015 Musk founded OpenAI, the creator of ChatGPT. In a CNBC interview in May, Musk said he was “the reason that OpenAI exists.”
He’s the most qualified person in the world to launch his new project… But for that project to take off, it needs specialized technology.
The AI Moment Has Arrived
I started covering AI eight years ago when most people thought it was just science fiction.
In December 2015, when nobody was talking about AI, I sent this note to my readers, and I predicted:
In the same way that the computer defined the latter half of the 20th century, the 21st century will be defined by artificial intelligence.
I also recommended shares of Nvidia and said:
I’ve never found a company that possessed the ability to go up as much as Nvidia will. It’s poised to become the next tech giant because of its pioneering work in the field of artificial intelligence.
Earlier this year, Nvidia crossed the $1 trillion market cap milestone, joining other Big Tech companies like Microsoft, Google, and Apple.
Anyone who listened to me when I made that call on Nvidia in 2015 would have seen gains over 5,200%.
Here’s the thing…
Nvidia was cheap when I recommended it in 2015 at a split-adjusted price of $8.17. At its current price of $452, it’s not cheap anymore.
I also picked Tesla in late 2019 before it jumped as high as 5,246%.
When you combine a massive $15.7 trillion trend like AI with a genius like Musk, incredible gains in the right companies are possible.
I believe Musk will do for AI what he did with online payment processing… space exploration… and the auto industry.
The U.S. government also considers this company a key to our national security. For instance, it makes electronic chips for advanced Air Force fighter jets.
So far, Musk has been very secretive about suppliers for this new project. But he’s said he “will share more information [about this AI project] over the next couple of weeks.”
If he mentions the name of this supplier in a tweet or during a press conference, there’s no telling how high shares could go.
We’ve seen that happen with one of his favorite investments, Dogecoin. In October 2021, he tweeted about DOGE, and it exploded 32,000% over the next eight months.
So if you wait to invest in this idea until after he publicly reveals it… The cat will be out of the bag. And you may miss out on your chance to get in before shares soar.
I’ve put together an entire investigative report that reveals what Musk’s new project is… and details about its key supplier I visited in Arizona. You can watch it right here.
Friends, I believe Musk’s newest AI venture will help trigger the biggest boom in history… and give you a chance to completely transform your financial future.
So click here to learn how you can get involved.
Let the Game Come to You!
Editor, Palm Beach Daily