Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Artificial intelligence has the potential to revolutionize commerce as well as everyday life. A.I. has possessed this potential for over half a century! It has periodically excited investors, executives and students since 1970. Euphoria has morphed into disillusionment whenever the promise of commercial success has failed in the marketplace. Analysts refer to this shift in sentiment as the hype cycle, in this case, due to technology development risk.
The current wave of enthusiasm for A.I. in the public equity market has stalled. It is apparent that some investors and analysts have become ambivalent, unsure that the threat of this risk might derail current A.I. innovation efforts. This has become evident in bellwethers and other stocks with a nexus to this technology.
Nvidia has lost its leadership position within the S & P 500.

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