The Nvidia Killer is Here
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Artificial intelligence could have already made you a millionaire… Because back in 2013, researchers from Stanford University built the “world's largest virtual brain” with Nvidia chips. This single event marked the beginning of the chipmaker's reign as the “King of AI.” You could've raked in 12,035% gains had you bought Nvidia shares when this story became public. That's enough to turn a $9,000 stake into more than $1 million. But there's no reason to beat yourself up for missing out on this life-changing opportunity. Today you have a second shot at six- or even seven-figure gains. Because there's a new player in town… One that's set to dethrone Nvidia. This off-the-radar company from California is about to release an AI chip that's superior to Nvidia's technology. I'm talking about a 100x performance boost. Access to this kind of chip is still highly restricted. The U.S. Air Force is one elite client that was allowed to use it early. But soon it will be available to the mainstream. And if you position yourself BEFORE this chip reaches the mass market, you could turn every $1 into $120… Just like early Nvidia investors did. I just published a brand-new presentation on this unique opportunity. Access is instant and free. Get the full story here while there's still time.
By John Oravec
Don’t catch a falling knife.
That age-old adage means you shouldn’t try to buy a stock when it’s tumbling down, because trying to perfectly time the bottom is incredibly difficult.
Such was the case with industrial and aerospace manufacturer Barnes Group (NYSE: B) after its most recent earnings report.
The company missed earnings expectations on October 27, which sent its stock tumbling over 30% in one day. It fell from the previous day’s close of $29.98 to a low of $19.96.
Oftentimes, when a stock takes a tumble, it keeps falling. But with Barnes, we soon saw a reason to be bullish again.
Over the next week, Barnes Group CEO Thomas Hook bought $2.6 million worth of stock, increasing his stake in the company by 166%.
And six other insiders have bought a total of nearly $1.4 million worth of shares since late October.
Insider buying is a major sign that executives still believe in their company. And Wall Street noticed the activity.
In fact, despite the single-day 30% drop in October, the stock has risen back to its previous levels in under two months’ time. It’s now sitting at over $30.
Investors and insiders clearly believe that the market overreacted to the October 27 earnings results.
But how do they feel about the dividend?
The company currently pays a quarterly dividend of $0.16, which equates to a yield of around 2.14%.
That may not seem like much compared with other dividends we’ve reviewed in the past…
But Barnes has a lot going for it.
Its free cash flow is expected to have grown over 70% since 2022, from $40.5 million to $68.9 million…
It hasn’t cut its dividend within the past 10 years…
And its payout ratios look good.
The only thing that knocks it down a peg is that its three-year free cash flow is estimated to be down over 60% from 2020 to 2023.
There’s a reasonable explanation for that, though.
Barnes Group is still trying to recover from the business and sales disruptions that were caused by the COVID-19 pandemic.
And thanks to cost-cutting measures the company introduced in 2022, it has regained some of its lost revenue this year and its prospects are looking up.
But don’t take it from me…
Take it from the insiders who know the company like the back of their hand and have snatched up millions of dollars’ worth of shares for themselves.
They’ll be rewarded with a modest but safe dividend.
Dividend Safety Rating: B
AI's most startling advancement yet
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By now, you've probably heard about all the amazing things AI can do.
It's still pretty mind-blowing that it can write computer code… predict weather… recommend stock picks… create original art… and even diagnose skin cancer…
And that it can do all of those things better than most humans.
But AI's latest leap will leave even non-believers in shock.
AI has finally mastered one of the most difficult tasks for computers to accomplish…
And this mastery has “enormous implications for business and society,” according to Harvard Business Review.
I'm talking about a breakthrough that could sprout dozens of new industries – and bring many major ones to their knees.
Bill Gates says that it “will be as revolutionary as the personal computer.”
And as an early cryptocurrency adopter who recommended 24 cryptos that have soared by as much as 1,000% or more…
And a dotcom-boom entrepreneur who sold his first web domain for $1 million…
I knew that I needed to see this AI advancement for myself – so I could gauge for my readers whether it was an investible opportunity.
So I booked a flight to one of the many U.S. pilot sites for this innovation: Phoenix, Arizona.
And as soon as I laid eyes on this technology, I knew that the world was about to change in a major way.
Everything we take for granted – the way we eat, travel, live, relax, and more – is about to get turned upside down.
And one company is at the center of it all.
