The biggest winners from AI… may not be tech companies? ͏ ͏ ͏͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
| | .png) | | August 4, 2023 | | Even before ChatGPT took the world by storm last year, companies were using AI in surprising ways.
For instance, you might not think a candy company had much use for AI…
But CNBC reported Hershey was using AI to crunch 60 million data points “to make the perfect Twizzler.”
Interestingly enough… since Hershey’s AI use was reported, its stock has thrashed the Dow’s returns, rising 102% compared to the Dow’s 67%.
And global construction firm Caterpillar’s CEO announced it was “investing heavily in AI” to help fix problems with its machinery early on. Its stock is up 20% in the months since this was reported, or over 2x the Dow’s rise.
Now, it’s undeniable some tech companies stand to make unprecedented windfalls from this trend…
But there’s something to be said for companies that don’t have to spend tens of billions of dollars advancing the AI revolution… but get to use it to boost earnings, efficiency, and ultimately share price for next to nothing.
I recently sat down with my colleagues for our “AI Impact Event” to discuss what AI is doing to jobs, markets, and our way of life.
For a full replay, you can still watch here.
In it, I show you how you can get a copy of our special report—produced jointly by me, Luke Lango, and Eric Fry.
It’s titled “9 AI Stocks for 10X Gains.”
I guarantee some names on it will surprise you. |  | | Louis Navellier
Senior Analyst, InvestorPlace
P.S. Last night we sent out Luke’s, Eric's, and my newest AI stock recommendation. To get it before markets open, see how to access it here.
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