AI could power the Nasdaq 2x higher in the next 2-3 years, says Deepwater's Gene Munster
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- Опубликовано: 5 июн 2024
- Gene Munster, Deepwater Asse tManagement managing partner, joins 'Squawk Box' to discuss the latest market trends, the impact of hotter-than-expected CPI data on the tech sector, the state of headset wars between Apple and Meta, and more.
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Well, I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered and I don't know where to go here out of devastation.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Lisa Angelique Abel is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Initially, my retirement plan was to retire at 62, work part-time, and save money. However, the significant impact of high prices on various goods and services has disrupted this plan considerably. I'm concerned about whether those who went through the 2008 financial crisis had it easier than my current situation. The stock market's volatility adds to my worries as my income has decreased. I fear I won't be able to contribute as much as before, which could potentially jeopardize my retirement savings.
Sorry, must be a very scary feeling.
The rising prices have disrupted my retirement strategy of transitioning to part-time work at 62 while saving for the future. I'm troubled by the thought of whether individuals who weathered the 2008 financial crisis had it easier than I do now. With the ongoing fluctuations in the stock market and a decrease in income, I'm grappling with anxiety over whether I'll accumulate enough funds for retirement.
I've been utilizing a portfolio coach for more than two years, and I've made enough.
Mind if I ask you to recommend this particular coach you using their service?
@@suzanneOlga Leticia Zavala Perkins is the real deal
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It’s not only about having money to invest in stocks ,but you also need to be knowledgeable,persistent,and have strong hands to back it up.
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up .
Sure, the investment-advisor that guides me is..
MARY TERESE SINGH
Stop trading, just keep buying, this is all smoke and mirrors. DCA for the win.
Exactly, only thing you need: DCA in broad market ETFs, repeat for 25 years. Done.
finally some guy who isn't afraid to make bold predictions
He's insufficiently afraid to hype the next big thing, which makes him look credulous.
@@illegalsmirf you people are suffering from the anchoring bias and are unable to comprehend exponential technologies.
What seems intuitively "realistic" is often not realistic at all and what seems "credulous" is often the result of coming to an indisputable conclusion after exhausting all logic.
No, I simply observe that he is insufficiently cautious. He hyped Meta's alternative reality until the very end, was proved very wrong there, and has now immediately moved on to hyping the next thing. He has no power of discrimination.@@user-nj9ru4ef2w
Let’s just throw some random numbers. Why not 4X? Another random Gene Munster’s prediction (Apple at 350 by the end of 2022). He seems the calm version of Cramer.
Yeah, let's just indulge in the anchoring bias instead. I remember back in 2015, people on bitcointalk were talking about how "it would be nice if bitcoin reached $1000 by 2030". Because it seemed "realistic".
It's only people who don't understand exponential growth and just think that things have to always move incrementally.
He's right it will 2x...
No doubt being financially free and not having to worry much about health care and other expenses cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan
from a personal angle I'm aware continuing to invest in periods of higher volatility is a Smart way to build wealth.
indeed, most people downplay the roles of financial planners until burnt by there mistakes. Productivity is optimized and keeping up to date strategies and analysis makes it more lucrative. I've been able to navigate the volatilities and scaled up 880k from 220k with professional guidance.
Please could you guide me on how to get in touch with your consultant? My funds are being eroded by inflation and I seek a more lucrative investment strategy to effectively utilize before I consider retiremen
I am in deep search of a good portfolio manager. Making these investments myself is quite risky considering the fact that I have little knowledge of the market
It doesn't matter if it is a bubble what matters is how long they can keep it running.
Interesting take on the Meta vs Apple VR market. In terms of technical capabilities i definitely agree with him on the prospects of facebook vs apple. What I miss in his analysis though is the consideration of privacy and the value consumers attach to that. Also I'd like to get his take on the prospects of Meta being successfull in negotiating for content providers, think movies and tv networks, to make their content available on their VR platform. Looking at the reviews so far, for most consumers these headsets main use case is in the visual entertainment space and i don't think facebook has any experience yet with the professional content providers. Can they bridge that gap this easily? Or is it easier for apple to create a cheap headset instead and compete heads on with the cheaper Meta headsets?
Imo Apple is light years ahead of all big tech & def meta. So i vote Apple but everyone is over the moon with Meta right now... personally idk get it.. i get some of it but some seems over the top for me.
AI is 99….this time it is different 😂
SP500 tech forward valuation multiples are already back to speculative pandemic highs from 2021 (according to Yardeni research). So he expects tech index multiples to expand what 70-80% from here? We are not getting 2x earnings growth in the next 2 years we would be lucky for 20-30%.
I’m investing heavily in SMH, and XLK ETF,s to cover AI and tech sectors . The next five years should be great.
We will see.. I remember 2010 nobody could've predicted Apple's run.
2023-2025 should be some interesting years
The answer to SS# is stop payments to people with assets over $5 million dollars. Give the lower SS# recipient's 50% of that and the rest to continue funding. Thats about 15-25 billion a month.
YT closed comments and shut down Maverik of Wall Streets channel, let YT know we Want Maverick back!
CNBC still think equity mkts trade on jay powell. 😢
I really enjoy listening to you Gene Munster. I just want to add one thing... Apple hasn't even gotten started (publicly that is) in AI.. I have 2 thoughts (actually many more but will spare you) When Apple releases what they have been working on(for years) in AI (this summer? Maybe sooner?) They will blow minds (also so sick of Apple haters .. imo they just do not get it or read) I also think that they will have a cheaper version of vision pro (maybe not idk but Apple lovers who cannot afford them & their are billions of them will buy them on amz used before they buy meta thing People speak as though Apple is watching everything going on & just saying "O well we missed it" (nothing is further from the truth) as far as rates go & macro events .. it will always be. (unless maybe we find a genius to be president aka Bill Clinton) But i feel better having $ in brilliant co's than banks & in brilliant co's rather than for ex Pfizer a co. that I own & just is so down & still no one wants it.. Right now (imo) is a great time to be in big tech.. a great time to buy Apple "ON SALE" these co's are the future not the past & just keep on innovating & changing our lives. So unless i decide i need a yacht tomorrow just letting them play out. & will leave them for my children & not take it to heart every time the fed president says ANYTHING!!!
Apple is also sitting on a pile of cash always ready to buy a new small tech company with potential etc
@@sylvainh2o Apple has already bought more AI startups than any other co. for EVEN more brain power. They get a bad rap for being "late" to AI but have been perfecting it for years.. they HAVE to make sure it fits in their ecosystem & the privacy & innovation the billions in it depend on them for.. Imo they will AMAZE us!!
apple gonna need more time to perfect things. But they prolly will succumb to pressure and launch something. Which is a mistake imo
@@aeromotive2 Why do you think they are not announcing anything yet? You cannot possibly believe they are watching what is going on & saying "o well we missed it" They didn't start working on AI yesterday but have been for years & buying more AI startups than any other co. for EVEN more brain power ... In usual Apple style it HAS to fit into their ecosystem. After 25 years of following everything about this co & investing for over a decade.. I do not think Apple succumbs to pressure or they would have jumped on the bandwagon. Also never known them to make a mistake. They keep innovating better & better products. I opened a recording studio in nyc 25 yrs ago & it was either use (A LOT of very advanced) Apple products or go out of business in a week.. And to date those in music & art will not use anything but Apple products. Simply the best for this. My daughter is a professional graphic artist & she told me she would not & could not do what she does w/o Apple & Adobe... So that's a whole other aspect of Apple that no one speaks about..Hey you do you. Your investments are ur business I am not a stock advisor.. I just know what I know is all ..& what I believe. Apple does not have to justify themselves to ANYONE... I think they have proven who they are!!!! I own Microsoft too but idk believe in them in any major way.. sure they are having their 15 minutes of fame this year for Chat Gbt etc.. but i have seen soooo many people who tried it & well say it sux not to mention hacks & copyright infringement lawsuits..... Idk think that will happen with Apple. Also to address ur first comment APPLE IS TAKING MORE TIME TO PERFECT THINGS!!! just my opinion but i believe for all those excited about AI in the end I believe it will be Apple & Nvdia that really be on the cutting edge of it all. I believed in these co's way before AI was the buzzword of the year & think they would do fine with it or w/o it... of course AI is the is a big advantage to them (& all big tech)
guy is powered by AI
my gainz are powered by AI
Apple will decrease the price of the Vision Pro if they want retailers to buy
I'll take a 1x over 5 years in qqq!
"will see a bubble emerging.." ??? who is Will ??
There’s always a bubble in the market. Just like the weather, there’s always gonna rain, the question is when will it rains.
Of course it could my guy.
the cost of living is going up by 7% dramatically.
2x only 😅😅😅😅 why so little 😅😅 just say 20x or 30x to sound credible. Nowadays 2x feels cheapskate.
lol'd at this.. now youre just getting silly
He's saving that craziness for Cathie Wood
In my mind, Google got her fingers burned by Google Glass, and was fractured (sorry) over that, conceding industry to Microsoft, Oracle, etc.; entertainment to streamers; and, gadgets to Apple. Keeping big data and micropayment influencers to herself might have been the path of least resistance for Google, and only later was she burned to find out that being "under contract" was no defense for AI.
Electricity at 100 and AI at 99 because it needs electricity to run, but the PC/Servers and Internet that is needed to run the AI are much lower?
You didn’t put a lot of thought into it or just trying to hype it more incorrectly.
This is the same guy who was hyping Facebook's alternative reality not so long ago.
2X higher stock market would set up my retirement fund and turn it into a great retirement if I spent the same amount as now!😊 Can one image Nvidia at $1,500, Microsoft at $900 or Palantir at $200?😁🎉
Basically, he is predicting Dot Com 2.0, expect it will be an even bigger bubble with a far bigger pop.
Nah... that doesn't make sense. Initially, there was a singular use case for the Internet, i.e., websites (remember this is mid 90's, not Web 2.0 with APIs). This clip (and most layman media) consider "AI" as the same as "Generative AI". For the past 20 years, the business case for "Predictive AI" has grown substantially, and it's revenue dwarfs GenAI. PredAI is already used in production (Google search, the weather, et al). Certainly, the growth of GenAI is higher than PredAI, but they will both continue to grow. Because the world is already using PredAI and many companies find it a critical component of their IT, there won't be the same DotCom bubble burst. Of course, like any new innovation, there is always the trough of disillusionment, so there might be a pullback, but not on the scale of DotCom... esp when there were a lot of financial analysts trying to fleece you of your money without understanding the tech or the businesses (remember, there were websites for cats back then...)
Well the wonder word is called trailing stop loss
Yeah so.... make money while the bubble is growing.& if you want get out when you think it will pop... it may be years of growing
A major collapse similar to DotCom won't happen in the near term. Like most layman media, this video conflates "AI" with "Generative AI". "AI" is not just generative AI... Unlike the web back in 1999, predictive AI is already entrenched in IT in many large organizations. Predictive AI produces far more revenue than Generative AI now; of course, GenAI has a larger growth curve (e.g., PredAI is used in search engines, infrastructure monitoring, weather, image classification, etc.). It will probably take 5 years for GenAI to match PredAI in terms of dollars generated. Will some AI companies fail along the way? Of course. That happens in any growth industry.
Good prediction ... Gene usually always right ... 8 trillion on sidelines ... Nasdaq at least 25k incoming
Yeah i think he is correct or in the ballpark .. even he would not say an EXACT figure with a date. But he is very intuitive & love listening to him. At least he knows what HE believes .. Unlike others or just follow an algorithm w no REAL knowledge .. (& follow each other ... he does NOT even when he goes against the status quo narrative he says what he wants what he believes)
He's not usually right, he was bullish on META before it massively crashed, he was bullish on Apple TV for years and it flopped, he was wrong on FSD/ TSLA stock, it's going down the toilet... He's more like captain obvious in hindsight
@@R4dr1ar One thing idk get is when did Meta crash.. it is way up for awhile now? Also no matter if no one likes Apple tv (which id doubt) but i believe Apple is going to amaze with AI etc this year!! They are working on something big!!
❤❤❤❤❤
Intel will be 1T market cap😊😊😅😅
Or next week post earnings
Just put everything in QQQM and never sell. Simple...
What’s the difference between it and QQQ?
gene is totally nuts.... and i am net long....
This guy is too conservative, the other stuff created by AI isn’t taking into consideration, what about contents, business utility, education, transportation, power utilities and energy efficiency, also health.
Don’t forget people spend well over million dollars per person both in personal spending and taxes being paid just in education. Wanted to be a doctor? I think that’s 250k-350k in prestige university a year in America. Also health care, another 1-2million per person, AI over tried to help drives it down, oh nvm the inefficiency of government buying government projects and tendency to turn everything into business might ruin this once in a life time shaping of technological evolution. It’s not A.I it’s human, human are stupid and tried to regulate it, they can barely regulate themselves or anything simple.
This is why sometimes having AI overlord might be better off, like seriously
Happy holder of Facebook up 60% 😂🤑🤑
Just like bitcoin lol 😂
Pamp it
printing press can't even save ai. it is a disaster
AI has a great long term future, but the immediate future of AI is a bubble.
Hm, AI is already producing results.
The neural networks as a basis have produced results in science for about 6-8 years with discovering new drugs and even revolutionising chemistry.
What we see now is just the capitalist market effect with advertising, search engines etc.
@@sciencefliestothemoon2305 AI is the future, a paradigm shift in human history but every company that can is claiming some link to AI. Most of it is just hype. Nvidia just today became more valuable than Google. Nvidia is itself in a giant bubble. What does Nvidia do? it allows part of the training loop of a deep neural network to move to the GPU to be run in parallel. Valuable to be sure. But more valuable than Google? no way.
This makes no sense. AI makes money by replacing humans. If humans don't have jobs how can they buy stocks?
Rich humans getting richer and richer and buying stocks. Poor humans suffering more and more and voting for fascists. Makes sense.
Munster suggesting we time the market? bad advice
He ABSOLUTELY DID NOT SAY TO TIME THE MKT!! He is giving his opinion on where HE believes it's going. Last time i ckd we all are entitled to give opinions & intuitive advice.. He DID NOT say you HAVE to do ANYTHING about it... you do what is good for you.
the longer rate cuts get pushed out, the higher stocks go
I'm in NVDA since 155 ... I remember people on reddit saying its going to $80 a share lol
ai is going to crash
Doubt it
The AI will power the Market X 5000 times. My Grandmother never makes a mistake in her CALCULUS.
DEEPWATER WILL BE IN DEEPSHEET !