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September 01, 2020 10:18am
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Shootout at the AI Corral: This 11.7% Payer Is a Winner

I first saw a spaghetti western last year and am still kicking myself for not watching one sooner— A Fistful of Dollars is a masterpiece. I’m reminded of the movie’s title because a fistful of dollars is what a lot of investors got from the so-called “Magnificent Seven”—namely Alphabet (GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), NVIDIA Corp. (NVDA) and Tesla (TSLA) —last year. These tech wonderkids were, of course, on a tear in 2023, jumping 75% on average and providing the bulk of the market’s gain. The reason for that is pretty clear: artificial intelligence, which burst onto the public consciousness with the release of ChatGPT in November 2022.… Read more
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