When a technology is billed as something that will transform the entire global economy, the primary impulse of investors is often fear—specifically, fear of missing out (FOMO). And that’s exactly what we’ve seen so far in 2023, with regard to artificial intelligence (AI).
However, for investors, the most obvious play to profit from generative AI is already a very crowded trade. One of the best-known investing adages is to “invest in shovel-makers when there’s a gold rush,” and that’s just what investors have done so far in 2023.
This post appeared on Dynamic Wealth Report.