Make This AI-Driven Choice Instead of Chasing NVDA

By TradeSmith Research Team

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Make This AI-Driven Choice Instead of Chasing NVDA

By Michael Salvatore, Editor, TradeSmith Daily

It’s NVIDIA Corp.’s (NVDA) world — we’re all just living in it.

Even if you’re not actively keeping up with the technology company’s every move, there’s a chance you reaped the rewards of its stellar earnings report last week…

The S&P 500 closed at 4,981.91 on Wednesday, and on the heels of NVDA’s rally, it reached to a new high of 5,094.33 the next day, later rocketing to an all-time high of 5,111.06 on Friday.

Even the not-so-tech-heavy Dow approached (but did not quite reach) 40,000.

In the week since, the market and NVIDIA itself have settled down, but the path NVIDIA has traveled to reach its current level has been fast and furious.

From its close on March 1, 2023, to its open on Feb. 29, 2024, NVDA’s stock price has increased a staggering 248.46%.

For context, the rest of the “Magnificent 7” stocks have increased an average of 68.78% in the same time frame.

NVDA is king — if a little overbought — right now, and despite its success, you might wonder if any other big gains can still be made on the stock.

The meteoric rise of artificial intelligence over the past year has certainly bolstered NVDA’s rise, and A.I. won’t be leaving our conversations — or portfolios — any time soon. But even the most successful of monarchies come to an end, and a new ruler will eventually be crowned.

However, there is another way to play NVDA’s continuing rise — and it doesn’t involve dropping nearly $800 on a single share…

But it does involve artificial intelligence.

Make A.I. Work for You

Artificial intelligence has long been portrayed in the media as an “anti-human” force that will come to raze civilization and annihilate humanity — in the far-off future, at least.

Science fiction writers have let their imaginations run wild with the concept, rendering A.I. to something that, until the fourth quarter of 2022, could be filed away with other fantasies like elves, magical rings, and eyeballs made of fire.

But with the arrival of ChatGPT and the rapid adoption of other A.I. applications over the past 15 months, we now know that A.I. is a massive, undeniable, and highly lucrative megatrend that will dominate headlines and moneymaking methods for years to come.

However, we are a long, long way from ever working “for” A.I.

A.I. is very much a tool at our disposal…

Even in the investing world.

Take TradeSmith’s proprietary A.I.-powered algorithm, nicknamed “An-E” for “analytical engine,” which debuted last spring…

After pouring millions of dollars, and thousands of man-hours into An-E, TradeSmith brought to the investing world something that no one had ever seen before: an algorithm, supercharged by artificial intelligence, that could estimate where nearly any stock could go in 21 trading days — or roughly one month.

And we’re not talking a “maybe it’ll go up” projection…

We’re talking a down-to-the-percentage-point forecast.

Let’s use the energy company Cheniere Energy Partners L.P. (CQP) as an example.

In March 2023, An-E predicted that over the following month, CQP would increase 5.80%.

Definitely nothing to complain about.

Realistically, however, CQP went on to move up 7.36%.

Now, imagine if you had the kind of power to see where our friend NVIDIA would be in the next 30 days…

It would certainly eliminate a lot of the stress around buying the stock – or any stock — at the right time.

But while what An-E has done in the past is impressive…

Including giving readers the chance for back-to-back wins of 6.53%, 3.41%, 9.32%, 6.52%, and 9.34% all in about one month…

This A.I.-powered algorithm has become more powerful than before.

Bigger, Better, Stronger

Enter “An-E 2.0…”

Because while single- and sometimes-double-digit moves over one month are nothing to sneeze at…

The TradeSmith team is an ambitious bunch, never willing to accept anything as just “good enough.”

The original An-E was great…

Giving customers the chance at gains of 16.41% in 16 days, 14.76% in just over two weeks, 10.87% in five days, and 9.32% in 27 days… to name a few…

We wanted more.

So, we went out and did more.

Going back to the Cheniere Energy Partners prediction from last spring…

Had you had access to the new-and-improved An-E 2.0…

That 7.36% gain could have been a whopping 300% return…

In the same 30-day period.

NVIDIA is no different…

And An-E 2.0 has just identified an incredible opportunity with NVDA.

Which could deliver an incredible gain in less than 30 days… whether NVIDIA falls, soars, or stays flat…

An-E’s current reading on NVIDIA is decidedly bullish — and in fact sees a 6.32% increase over the next 21 trading days.

How can you take advantage of NVIDIA’s Cinderella story over the next month? By logging in to your TradeSmith Finance platform.

Enjoy your Sunday,

Keith Kaplan
CEO, TradeSmith