Millionaire Traders Weekend Secret
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For most Americans, the weekend is a time we all SPEND money, not earn it. But Tim Sykes has uncovered a strategy that's helped him MAKE $8,780, $9,518 and even $16,159 on the weekends*… All thanks to a strange market phenomenon most traders don't know about. If any of this interests you, Tim just recorded a free 14-minute presentation where he'll reveal the details of this strategy at no charge… Watch Tim's lucrative Weekend Secret HERE.
By Jake Lerch, The Motley Fool
There are about 24 million millionaires in the U.S., which is approximately the population of Florida. And while a million dollars doesn't go as far as it used to, it's still a healthy sum.
The stock market, and artificial intelligence (AI) stocks in particular, can offer an excellent pathway for those looking to crack the $1 million mark. So, let's examine two AI stocks primed to make (more) millionaires: CrowdStrike (NASDAQ: CRWD) and Amazon (NASDAQ: AMZN).
CrowdStrike
Let's face it, cybercrime is out of control. The most recent evidence is the CDK Global ransomware event that affected tens of thousands of car dealerships across the U.S., causing them to revert to pen-and-paper procedures as critical software for sales and repairs became unavailable.
One way for organizations to prevent these attacks is AI-powered cybersecurity, like the kind developed by CrowdStrike. The company's cybersecurity platform monitors customers' networks and proactively identifies threats. What's more, the platform benefits from a strong network effect — as more customers sign up with CrowdStrike, the company's AI becomes more effective.
The benefit of CrowdStrike's software is reflected in the company's outstanding financial results. CrowdStrike's trailing-12-month revenue has skyrocketed from $250 million to $3.3 billion — a more than 10x increase — in only five years. In addition, analyst estimates for next year's revenue have increased to $5.1 billion.
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CEO Says This Is Worth 9 Amazons
What in the world could be worth 9 Amazons?
The answer is a radical breakthrough that Wired says is “the rocket fuel of AI.”
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Simply put, the company is riding a wave of demand for better, more agile cybersecurity solutions as the number of attempted cyberattacks continues to skyrocket. Growth-oriented investors should consider owning CrowdStrike stock now and for many years to come.
Amazon
Amazon, a colossal company, has established market leadership in its e-commerce and cloud computing divisions. However, its AI division has yet to make a significant impact. This could be about to change, as Amazon's AI division holds immense potential for growth.
Its Alexa-enabled smart speakers are the most popular brand on the market. However, turning these devices into a profitable venture has proven to be a challenging task for the company.
According to a recent report from Reuters, Amazon's management is now intensely focused on achieving profitability for its AI division. The company is considering potential solutions, such as a $5 or $10 monthly subscription to access-enhanced Alexa AI, to reach this goal.
Amazon's AI division is not the only avenue for the company to tap into the AI boom. The massive Amazon Web Services (AWS) division, with its extensive network of data centers and advanced high-performance computing clusters, is well positioned to benefit from the generative AI surge. Furthermore, advances in AI could lead to increased e-commerce and advertising revenue for Amazon, as marketers and vendors leverage new AI techniques to drive sales.
There are multiple pathways to AI success. While its smart devices division has struggled to turn a profit, new plans are being hatched that may achieve that goal. Meanwhile, the company's other divisions, including its lucrative AWS and advertising segments, stand to benefit as the AI revolution rolls on.
I Called Bitcoin in 2013. Here's Why I Don't Own Any Now
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Bitcoin was trading for around $100 when I first called it in 2013. It made headlines on CNBC. And yet, most people didn't buy it. You're probably one of them. If you missed out, don't worry. Because 2024 is set to be Bitcoin's biggest year yet. I predict it could rise another 500% in the next couple of years alone. But before you run out and buy it… You should know there's a much better investment you should made before Bitcoin soars to the stratosphere. It's why I personally don't own any Bitcoin today. But you must hurry. For reasons that are about to become clear, you need to take action before April 22. To see why, click here.
