The Rise of AI Enthusiasm in the Stock Market

The NASDAQ 100 has seen a blistering rally this year. The market always leads basically everything else, right? This earnings season then, if CEOs are going to come out and guide for the next 12 months, that includes the first half of 2024, their guidance is going to have to justify this rally. And I don't think that's happened yet. If you bought a stock based on AI enthusiasm and that company's ability to take part or be a leader because of AI, they're not going to execute on that in the next 12 month most likely. We're not Going to find out who was the leader in the next12 months. It probably takes a few years to really develop