Since I began my investing journey about 10 years ago, I’ve witnessed my share of emerging themes built on hype, euphoria, and hope. From blockchain technology to the metaverse, I don’t think I’ve seen anything quite like the excitement around the artificial intelligence (AI) megatrend.
Since OpenAI commercially launched ChatGPT on Nov. 30, 2022, the S&P 500 (SNPINDEX: ^GSPC) has returned 66% while the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) has soared by more than 100%. In case you’re new to investing, these are abnormally high returns for such a short time period.
That said, the AI revolution has been anything but…
