SPECIAL REPORT

7 Top AI Stocks to Buy for 2024

These are unequivocally among the top AI stocks to buy for the
next several years

By Luke Lango, InvestorPlace Senior Investment Analyst

Look around the market, and one thing is clear – once-roaring growth stocks have endured quite a rocky
stretch lately.

We think this could be the bottom for stocks and the start of a pretty big fourth-quarter rally.

Four key factors support our bullish stance: favorable technicals, peak yields, robust earnings, and a
positive earnings forecast. Today, these factors are showing even more promise.

The S&P 500 remains resilient around its 200-day moving average, and the 10-year Treasury yield dipped
after briefly hitting 5%. Major tech companies just announced strong earnings that reveal we could have
already slipped into and out of a recession.

And thanks to the potential for strong Q4 earnings, especially from Big Tech, the market is poised for a
significant rally. Remember; as go earnings, so go stocks. And if the trend of strong earnings persists, the
market could absolutely soar during the holiday season.

Nevertheless, investors are at a severe disadvantage right now. How do you pick high-growth stocks on
the rise without getting whacked by a risk-adverse selloff?

The answer is deceptively simple…

Just consider how, over the past decade, the time and resources it takes for companies to grow and scale
has shrunken dramatically. It’s inarguable, and it’s one of the biggest seismic shifts in human history,
mostly because it means that investors can score enormous returns faster than ever before.

And at the root of this seismic shift toward fast tracking billion-dollar valuations is something we like to
call “hyperscalability.”
Until recently, no one was really talking about hyperscale AI or how it will inevitably change the world.
For most people, AI’s impact was limited to the mundane, like setting a timer with Siri or turning down a
speaker’s volume using Amazon’s Alexa.

But that all changed in late November 2022, when something remarkable happened; something that we
believe has set in motion a multi-trillion-dollar AI Revolution that will forever reshape every facet of the
global economy – and our daily lives.

We’re talking about the launch of ChatGPT.

The purpose of ChatGPT? To create an AI that can do almost anything.

In just five days, ChatGPT amassed 1 million active users. In 40 days, it attracted 40 million users. In just
two months, it surpassed 100 million active users. By comparison, it took TikTok – the most viral social
media app yet – nine months (or 4.5X as long) to reach 100 million users.

Source: UBS/Yahoo Finance

ChatGPT is the among the fastest-growing consumer technology applications of all time.

But its hyperscale rise over the past few months is about so much more than just a buzzy conversational
chatbot – it marks the tipping point of the AI Revolution.

Simply consider that ChatGPT launched in late November. Afterward:

Microsoft (MSFT) – OpenAI’s biggest investor – has

integrated ChatGPT’s technology into its Bing Search Engine,
as well as its entire suite of productivity software, including
Word, Excel, and PowerPoint.
Alphabet (GOOGL) has launched its own ChatGPT
competitor, an AI chatbot called Bard.
Chinese tech giants Alibaba (BABA) and Baidu (BIDU) have
launched their own AI chatbots. So have countless other
small/medium-cap tech firms.
Alphabet referred to “AI” 45 times on its conference call.
Microsoft referred to “AI” 39 times on its conference call.
Meta (META) referred to “AI” 30 times on its conference
call.
Tesla (TSLA) CEO Elon Musk called his company a major AI
firm in its quarterly conference call, while Apple (AAPL)
CEO Tim Cook said that AI will “affect virtually everything
we do” in that company’s most recent conference call.
 Google search interest in artificial intelligence has soared to
all-time highs, reaching levels about 10X where they were
last year.
ChatGPT started a movement.

And it did so because of accessibility.

When it comes to major technological paradigm shifts, the world doesn’t truly recognize their value – and
they don’t truly go mainstream and change the world – until they become accessible to the masses.

The World Wide Web was invented in 1989 and went public in 1993. Most Americans were online by
2005. But we weren’t really using the internet and taking full advantage of all it had to offer until 2007 –
when Apple launched the iPhone.

That device put the power of the internet in the palms of our hands for $600. It made the internet
accessible. It unlocked a whole new degree of freedom and flexibility to experiment with the internet,
learn about it, understand its value, and discover how to leverage it in beneficial ways.

Over the next decade, thousands of apps were created and launched, across billions of phones, creating
an entire Digital Economy that is now worth trillions of dollars.

And it all started with the iPhone – the internet’s first truly accessible technology.

By being the internet’s first truly accessible technology, the iPhone injected steroids into the already
powerful Internet Revolution.

And right now, history is repeating itself right before our very eyes.

Before ChatGPT, sophisticated AI was merely a science fiction concept, one that venture capitalist
investors were throwing money at and Silicon Valley engineers were working on in labs. It wasn’t
accessible to Main Street.

Sure, we had Siri on our iPhones, and maybe Alexa and Google Assistant in our homes. But let’s face it;
those were pretty “dumb AI.” They weren’t blow-you-away AI. They didn’t start an AI frenzy on Main
Street and Wall Street.

They weren’t ChatGPT.

We are presently witnessing the iPhone moment for AI.

And that’s pretty exciting because while the internet revolution was big, the AI Revolution will be
much, much bigger.

As I like to say, the internet revolution made millionaires out of investors and billionaires out of
entrepreneurs. The AI Revolution will likely make billionaires out of investors and trillionaires out of
entrepreneurs.
It will take the magnitude of wealth-creation potential to a whole new level.

The “Age of AI” has arrived. So has the time to invest in the next generation of superstar stock
winners.

About once a decade, a new technological paradigm shift emerges and forever changes the world.

In the 1990s, we had the internet boom. In the 2000s, it was the smartphone. In the 2010s, it was the
cloud.

Now, in the 2020s, it is artificial intelligence’s time to reshape society.

And that means now is the time to buy the market’s top AI stocks.

Over the next decade, artificial intelligence will change the world. As it does, the market’s top AI stocks
will be fortune-makers.

These stocks will soar thousands of percent.

And today, you will find out about my top seven AI stocks to buy today. They’re the ones that I think
have the best chance of being this decade’s fortune-makers.

Each company is thriving applying artificial intelligence to a certain industry, and each stock has the
potential to soar 10X. Over the course of this report, we are going to dive deep into these stocks, one by
one.

We recommend you strike while the AI iron is hot…

Palantir (PLTR)

Palantir (PLTR) is a revolutionary data science firm that is pioneering an AI-powered approach to data
analytics, which the company hopes will one day be standardized across the industry.

Palantir got its start in 2003 to develop advanced software for the U.S. intelligence community’s
counterterrorism investigations and operations. The technology the company has built to that is world-
class.

Since 2003, Palantir has grown this government-focused data science platform by leaps and bounds.
Today, Palantir’s platform is considered the “gold standard” in government data analytics and has been
used to power emergency noncombatant evacuation operations from Afghanistan; power the U.S.
vaccines program; help identify a $200 billion Russian money-laundering operation; and fuel the Public
Safety Power Shutoff program to mitigate wildfire risks.
Now Palantir is further commercializing that technology by expanding into Corporate America. Thus far,
those expansions have been wildly successful. Commercial revenues have been growing in excess of 15%
for the past several years.

The Denver-based company plans to continue to rapidly scale its government and commercial businesses
via new customers, new product launches, and higher fees. Behind that growth engine, Palantir’s
management team expects to grow commercial revenues in excess of 3,015% per year over the next few
years.

Our bull thesis on Palantir in the Age of AI boils down to three simple things:

Data is the most valuable asset in the world.

AI applied to data will unlock huge economic advantages for
governments and companies.
Palantir is the best in the world at applying AI to data.

We believe Palantir is still in the early stages of discovering its true value proposition, much like
Microsoft (MSFT) in the 1980s and ’90s.

In the early days of Microsoft Office, folks thought that programs like Word and Excel would be niche
office productivity tools. A few decades later, they are in near-constant use, installed on basically every
computer in the world.

Similarly, in the early days of Palantir, a lot of people thought of Palantir’s data science platform as a
niche productivity tool. But we think that in 10 to 20 years, simplified versions of Palantir’s software
could be installed on every computer, putting AI in the hands of every consumer in the world.

Palantir is unequivocally one of the top AI stocks to buy for the next several years.

SentinelOne (S)

Modern warfare is cyberwarfare. That is, modern warfare isn’t exclusively fought on battlefields
between people. It’s also fought digitally in the cloud and between computers. Indeed, the Russo-
Ukrainian conflict has, to date, been characterized by relentless cyberwarfare.

For countries, intelligence agencies, and companies alike, security isn’t an option. It is essential. So as the
“cyberwar” between Russia and the rest of the world escalates, spending on cybersecurity will skyrocket.
Governments and organizations will expend more to secure their digital data and workflows.

And importantly, that backdrop will materialize regardless of where oil prices go, how high wheat soars,
what the Fed does with interest rates, or even if the global economy plunges into a recession. This is
because, again, cybersecurity isn’t an option during wartime – it’s a mandate.

To that end, we believe governments, agencies, and enterprises alike are all virtually guaranteed to
increase their spending on cybersecurity platforms over the next few months. We believe that
elevated expenditure will help to establish next-gen cybersecurity systems as a ubiquity, thereby setting
the stage for a decade of hypergrowth ahead in the cybersecurity industry.

It all starts now.

That’s why – even in the face of a war in Eastern Europe that may spark a global recession – we believe
cybersecurity stocks will work in the near-term. And, of course, they will also work extraordinarily well
in the long run, too, because these are hypergrowth companies with lengthy runways ahead, highly
scalable business models, super-high gross margins, and tons of profit potential.

The mid-cap cybersecurity stock we love at current levels is SentinelOne (S).

SentinelOne is the new hypergrowth entrant to the cybersecurity market with potentially game-changing
technology that could revolutionize the whole industry.

Specifically, the vast majority of cybersecurity systems today are human-driven. They are software
programs that require human oversight to identify and respond to potential threats. However,
SentinelOne has developed a fully autonomous cybersecurity system that leverages AI to
automatically identify and respond to potential threats without any oversight.

Specifically, the company has developed endpoint Behavioral AI programs that learn patterns in how
endpoint devices interact in a certain enterprise ecosystem. The programs put those patterns into a time-
series the company calls “Storylines,” analyze those Storylines, detect anomalies in them, and then
address those anomalies – all without any human oversight.

SentinelOne also aggregates all those endpoint Storylines into one centralized cloud platform, where its
Streaming AI technology analyzes them in-parallel to potentially identify odd correlations between
Storylines that could be indicative of a multi-pronged cyberattack.

It sounds too good to be true. I know. But it’s legit. In the infamous SolarWinds hack – the largest hack in
history to date – every cybersecurity company’s customers were impacted –except for SentinelOne
customers. Its AI programs caught the virus early and kept all their devices safe.

That’s impressive. More than that, SentinelOne consistently ranks in the top three in third-party
assessments of cybersecurity platforms’ capabilities of defending against various hypothetical attacks.

The product is well-reviewed across the internet. The team is very impressive. Some of the world’s top
VCs – including Sequoia Capital – are backers.

This company is legit and has the numbers to prove it, too.

We believe the company can sustain 50%-plus revenue growth into the future as its autonomous, AI-
powered cybersecurity platform gains share in a growing marketplace. Coupled with what we believe
will be 80%-plus gross margins and 25%-plus operating margins, we believe this company has
tremendous earnings growth potential.

The near-term path forward for SentinelOne stock may be choppy. But the long-term upside potential is
enormous, and we believe today presents a compelling entry point into this future winner.

Alphabet (GOOGL)

Folks have been calling for a recession for what seems like the past two years. No such recession has
arrived. At least by the technical definition of a “recession,” which calls for two consecutive quarters of
gross domestic product declines. But what if a recession has already come and gone, and we are now in
an early cycle of economic recovery?

That’s what recent earnings reports seem to suggest.

Tech titans like Alphabet reported earnings recently. The consistent theme? Business has been bad for
most of the past 12 months, but now things are getting a lot better.

For years, Alphabet has reported double-digit revenue growth. That has been the standard at Alphabet.
That standard broke in 2022. Then, for four straight quarters from mid-2022 to mid-2023, Alphabet
reported revenue growth of less than 10%, including one quarter where revenues rose just 1%.

Though, Alphabet reported that it returned to double-digit revenue growth for the first time since mid-
2022. Revenues rose 11%.

Google Search got its groove back in the quarter. YouTube returned to big-time growth. Google Cloud
stayed strong.

Across the board, Alphabet’s business appears to have turned a corner. It got hit hard in 2022 and early
2023 but is now improving in a major way.

Bottom line: Alphabet is Alphabet.

It’s one of the greatest businesses of all time, with a super-sticky core search platform that is not losing
any relevance and a hypergrowth cloud business that has a ton of long-term potential. Plus, the
company’s autonomous vehicle unit (Waymo) remains at the forefront of the self-driving revolution.

This company has fabulous growth prospects, and unlike some other mega-cap tech socks, Alphabet’s
growth trajectory has not worsened over the past few months. Yet, the stock has collapsed, and it is now
too cheap to ignore.

That becomes painfully obvious when you understand its potential in artificial intelligence.
For starters, narrow AI systems will revolutionize the gaming experience over the next decade. Already,
AI is being used to enhance gaming hardware, with companies like Lenovo creating AI chips to
dynamically adjust frame rates, increase the maximum heat threshold, and boost overall performance.

In terms of actual gameplay, AI is being employed to better control the behavior of non-player characters
(NPCs) in games, actively adjust game difficulty based on player skills, create more realistic renderings,
and even develop entirely new games.

We believe the integration of AI into this sector will dramatically enhance the gaming experience and
grow the market over the next several years. In the gaming world, Roblox (RBLX) stands to benefit in a
big way from this, but so does Alphabet if it can figure out how to integrate gaming into its core services
more deeply.

Narrow AI systems are already having the biggest impact in the “text” world through voice and text AI
systems. Siri, Alexa, and Google Assistant are all voice AI systems. ChatGPT is a text AI system. These
narrow AIs are already so good because there is an abundance of easily accessible and high-quality text
data in the world, so they’ve benefitted from having a lot of fuel from the start.

There is, however, a lot of fuel still left in the tank for text AI systems to reach ubiquity and continue
improving.

Frankly, we think the text AI market is going to be dominated by the Big Tech firms because: 1) They have
access to all of the test data they can dream of, and 2) they have the best engineers to make the best
models with all that data.

Therefore, we think the leaders of the text AI market today, including Alphabet, will remain the leaders in
the future. As we’ve been saying, AI is certainly a reason to buy the dip in Big Tech in early 2023.

Tesla (TSLA)

Recently, Morgan Stanley upgraded Tesla (TSLA) stock with a Street-high price target of $400. It’s since
reduced that target to $380, but it remains the highest analyst target on TSLA stock. Why? Because
Morgan Stanley understands how Tesla’s Dojo supercomputer could unlock $500 billion in economic
value.

And while most investors were mesmerized by price target upgrade, I had something else on my mind.

If Dojo is the “real deal” – and I think it is – then this could mark the end of Nvidia’s (NVDA) rule as the
leader of the “Artificial Intelligence Boom.”

Wall Street’s AI Boom began in late 2022 with ChatGPT’s launch. Since then, Nvidia has been the poster
child for AI stocks. That’s all thanks to burgeoning demand for the firm’s next-generation GPUs, which are
used to make and run robust AI models. NVDA stock has surged more than 210% higher this year alone.
But there is growing concern among some in the industry that demand for Nvidia GPUs is maxing out –
and that the big players in the AI Race will start using different GPUs.

Insert Dojo.

Previously, Tesla powered its self-driving operations with a large Nvidia GPU-based supercomputer. But
now, Dojo is Tesla’s AI-powered supercomputer.

Being the “brain” behind Tesla’s self-driving operations, Dojo parses an incredible amount of driving data
to help develop Tesla’s self-driving algorithms.

In other words, Tesla previously used Nvidia GPUs. But now, the EV firm has developed its own
supercomputer that uses its own GPUs custom-built for its AI needs.

And that gets to the crux of the problem here: customization.

In the early innings of the AI boom, Nvidia won big by supplying very advanced but very general-use
GPUs to companies looking to develop broad AI models.

But as the AI race has matured, those companies are now looking to develop more sophisticated and
specialized AI models. For that, they need custom-built GPUs. And economically speaking, it doesn’t make
sense for Nvidia to create custom-built GPUs for every single one of its customers.

So, Nvidia’s largest customers are developing their own custom-built GPUs to meet their own
specialized AI needs.

Tesla and its Dojo supercomputer are just one example.

Ginkgo Bioworks (DNA)

Long story short, the universe of synthetic biology is magnitudes more infinite and complex than the
universe of classical computing. So, whereas we’ve made huge advancements in programming computers
over the 40 years, we’ve made very little progress in programming life cells.

Until now.

Recent advancements in artificial intelligence to speed up the DNA sequencing process and classical
computing technologies to improve the accuracy of DNA synthesis and printing have – for the first time
ever – enabled synthetic biology to work in the real world.

So begins the “Synthetic Biology Revolution,” which is also the biggest technological paradigm shift since
the advent of the computer.
And, at the heart of it all, is a company that we believe is the future “Microsoft of synthetic biology.”

The bull thesis on Ginkgo Bioworks (DNA) is relatively straightforward.

We firmly believe that the synthetic biology revolution will change the world over the next few decades
nearly as much as – if not more than – the computing revolution changed the world over the past few
decades. Scientists in the future will inevitably program life cells like software engineers program
computers. This revolution will take many years to evolve, but eventually, synthetic biology will be
ubiquitous and result in optimized life forms. The companies at the epicenter of synthetic biology will be
the technology titans of tomorrow.

Ginkgo Bioworks is an early leader in this space, and importantly, benefits from multiple competitive
advantages as the industry’s first-mover.

On the Foundry front, one of the biggest barriers to entry is the cost of cell-programming hardware.
However, the larger Ginkgo gets, the bigger those Foundries get, the more the company benefits from
economies of scale and automation, and the cheaper it becomes on a per unit basis to perform a cell
programming process. Therefore, as an early leader, Ginkgo has a huge cost advantage over peers.

On the Codebase front, another huge barrier to entry is data. When it comes to synthetic biology, data is
everything, and Ginkgo is amassing the world’s largest dataset of synthetic biology code. This bigger the
Codebase gets, the larger Ginkgo’s competitive moat gets, and the tougher it will be for anyone else to
compete with Ginkgo’s technical capabilities.

These two competitive advantages built into the business model are very important. But a far more
important competitive advantage is Ginkgo’s team.

The team is jaw-on-the-floor impressive. This is basically an MIT brain trust.

The story is you have four MIT PhD students – three of whom were studying Biological Engineering, and
one of whom was studying Computer Science and Biology – who came together while at MIT and all
agreed that synthetic biology was the future. With the help of a longtime MIT professor who is considered
by many as the “Godfather of Synthetic Biology,” they started Gingko. Today, Gingko has about 700
employees, around 10% of whom went to MIT.

Also of note: The former CFO at Illumina is on the board, and so is the COO at Palantir. Bill Gates is an
investor. Ballie Gifford is an investor. Cathie Wood is an investor. The team and backing here are stacked.

To that end, Ginkgo has about $1.31 billion in cash to execute on its near-term goals – and the current
market cap is just $3 billion.

That’s simply far too cheap for this company. This stock has been washed out (down about 48% over the
past year, as of this writing) and with shares trading close to its 52-week low, it’s time to buy the dip.

So what is realistic for Ginkgo shares?

Realistically, we think this stock could triple within the next 12 months, and then rise by 10X or more in
the long run, pending the execution of management (which, considering the management team, should
be quite good).

Roblox (RBLX)

Roblox (RBLX), a next-gen gaming development platform that we view as a company establishing the
building blocks for an AI-powered metaverse.

Let’s break that down.

First, let’s understand what Roblox is today:

Roblox is an online gaming platform where consumers can simultaneously design and play games. It’s
basically “YouTube for gaming.” Developers go on the platform. They code basic-level games and publish
those games in the Roblox ecosystem. Players create a profile in this world – with an avatar and
everything – and then use that avatar to play these various games, building a community of friends along
the way.

Importantly, all of this is supported by an in-platform currency called Robux. Players use real-world
currencies to buy Robux on Roblox (about 99 cents translates to 80 Robux), which they can spend in-
platform to customize their avatars, purchase in-game items, unlock new levels, and more. When players
spend Robux on things related to a specific game, the game’s developer gets a cut of the Robux
transaction, which they then exchange for real-world currency.

As it stands today, Roblox is a self-sustaining online gaming ecosystem that simultaneously represents an
extremely attractive way for developers to make money by developing games, and a very fun way for
gamers to play games without having to break the bank. It’s a very cool platform.

Second, let’s understand what Roblox will be tomorrow.

Remember the movie Ready Player One? The science fiction movie based in a future where folks plugged
into a virtual universe (read: the metaverse) and lived a substantial portion of their lives in that
metaverse.

That’s what Roblox is in the early stages of developing.

With its self-sustaining and developer-driven ecosystem, its series of various digital games, its customized
avatars that are transferrable between games, its in-platform currency, and its social component, Roblox
has developed the building blocks for creating a metaverse. All the company needs to do is integrate some
AI and extended reality (XR) technology, piece it all together, and boom – you have a version 1.0 of Ready
Player One in real life.
Of course, Roblox is also working on its own generative AI technology that will let you build Roblox
“experiences” faster than ever.

Essentially, you can input a direction (like, “create a magical dungeon for this world”) and have it happen
in an instant.

And with a technology platform like Roblox, there are some many uses for AI. That includes using AI to
improve the experience (less latency) and using AI to flag problematic and insensitive words more
quickly in the chat.

Certainly, you can see why we are so excited about this company.

Symbotic (SYM)

Symbotic (SYM) is an AI-powered supply chain logistics company. It got started in 2006 with the purpose
of developing next-generation technologies to improve operating efficiencies in modern warehouses.

Over the past 16 years, the company has worked tirelessly to perfect a full suite of AI and robotics
technologies to fully automate any warehouse. Today, the company has realized that vision via a single
autonomous warehouse system architecture that combines both software and hardware to automate
basically every function of a warehouse.

To our knowledge, Symbotic is the only firm in the world that has created a fully autonomous, end-
to-end warehouse system architecture that is in operation today.

The science and engineering behind the system is highly complex, but the process is very easy to
understand.

Essentially, several robotic arms take inbound pallets at a distribution center and deconstruct them into
individual items. Those items are placed on various mobile robots – called SymBots – which drive them to
a temporary storage location at the distribution center. Subsequently, when those items are ready to be
shipped to a store, the SymBots fetch and deliver them to another set of robotic arms, which construct a
new outbound pallet to be delivered to the store.

The whole system is run by an AI software “brain” that informs where packages are stored, when they
are fetched, and how pallets are constructed and deconstructed.

It is a single, highly complex solution for order fulfillment.

This system can be outfitted for distribution centers of any size. Typically, a Symbotic system has
400 intelligent robots and around five to 10 inbound and outbound cells. The whole system is powered by
proprietary AI software and is protected by over 400 patents.
The technology is cool. Better than that, it works.

Two summers ago, Walmart (WMT) signed a deal to automate some of its distribution centers with
Symbotic technology. Since then, a few of those distribution centers have been retrofitted with Symbotic
tech, and they’ve achieved industry-best stock-keeping unit (SKU) counts.

In fact, Walmart was so impressed with the early results of Symbotic’s tech that, just last summer, it
dramatically expanded the scope of the initial partnership to include all 42 of its regional distribution
centers in America. In other words, every one of Walmart’s regional distribution centers in America
will be automated by Symbotic tech by 2027.

Of course, that represents a huge vote of confidence in Symbotic tech. It also represents a massive ~$10
billion revenue contract for the Boston area-based company.

But Walmart is just the tip of the iceberg here.

C&S Wholesale Grocers – the largest U.S. wholesale grocery distributor – is also a big adopter of Symbotic
tech and will likely make it a ubiquity by the late 2020s, too. Albertsons (ACI) – the world’s third-largest
supermarket chain by revenue – has already integrated Symbotic tech into two of its distribution centers,
with more orders on the way. And the distribution centers already live with Symbotic tech are reporting
industry-best throughput.

Altogether, Symbotic has a massive order backlog that measures over $11 billion today, and it seems to
be growing rapidly every single quarter.

But even that is still just the tip of the iceberg.

There are thousands of warehouses and distribution centers all over North America and Europe that
could benefit from using Symbotic’s tech. After all, the estimated lifetime savings of this tech measures
$250 million per module.

These cost savings are ubiquitously attractive to warehouse operators. Who doesn’t want to save $250
million per warehouse?

Meanwhile, Symbotic is the only company today with a proven technology platform that can verifiably
drive those enormous cost savings. Plus, the company’s existing partnerships with Walmart, Albertsons,
and C&S Wholesale Grocers give it ample runway to extend its market leadership in the coming years.

To that end, we believe it is highly likely that Symbotic successfully penetrates a significant portion
of its estimated ~$400 billion total addressable market in North America and Europe, across the
general merchandise, food and grocery, apparel, home improvement, auto parts, and third-party logistics
(3PL) markets.

At just 5% market share, that implies $20 billion annual revenue potential for Symbotic. Management is
targeting 25% earnings before interest, taxation, depreciation, and amortization (EBITDA) margins as the
business scales. That combination means Symbotic has the potential to produce $5 billion in annual
EBITDA within the next 10 years. A simple 20X multiple on that means this could be a $100 billion
company within a decade.

The company is worth just $20 billion today.

The long-term upside potential is enormous, even under conservative assumptions. And, just as
important, considering early validation of the transformative tech from Walmart, Albertsons, and more,
the stock’s ability to realize its upside potential is high..

This is unequivocally one of the top AI stocks to buy for the next several years.

The Final Word

The AI revolution is in full swing now, and it’s only going to become more pronounced from here.

Artificial intelligence has been in use for years, but there were no widely applicable solutions until the
introduction of ChatGPT.

OpenAI’s focused AI system has completely changed the game, showing the world what AI is capable of.
It’s good. It’s really freakin’ good. But regardless of what headlines you may read online, ChatGPT is not
gaining sentience and taking over the world … we’re still a long way from having true general AI, which
is the kind of artificial intelligence you see in the movies.

General AI is the stuff we see in science fiction movies. Think Jarvis from Iron Man or HAL 9000
from 2001: A Space Odyssey. Those systems are cool, and they’re what we all think about when we think
of artificial intelligence. Naturally, then, investors get excited when a company says it is making a general
artificial intelligence system like those we’ve seen in movies.

But if you hear a firm make that pitch, run the other way.

Those are startups that will promise the moon but never deliver. They’ll be powered by investor
“hopium” until they find themselves in the stock market graveyard.

Avoid those stocks.

Buy companies that have realistic goals and realistic pathways to huge success. Find the ones that are
developing world-class narrow AI to do one thing very efficiently. Those are the stocks that will soar
thousands of percent over the next few years and establish defensible monopolies in certain sectors of
the global economy.

We hope you found this special report useful. Before we go, let us remind you that you’re now also a
member of my free Hypergrowth Investing newsletter.
By uncovering early investments in hypergrowth industries, we put you on the ground floor of world-
changing megatrends. Keep an eye on your email inbox for my next Hypergrowth Investing article soon. I
typically send them every day of the week.

In the meantime, you can check out our website by clicking here.

Luke Lango Meet Luke Lango

Editor, Hypergrowth
Investing
By uncovering early investments in hypergrowth industries, Luke Lango
puts you on the ground-floor of world-changing megatrends.

Learn more about Luke