Innovators are special because they see and act on things long before the rest of us mere mortals even know about the opportunity. Mark Cuban spoke out about artificial intelligence (AI) nearly a decade ago, and what he said then still sounds incredibly relevant.
Cuban spoke at the Upfront Summit in Los Angeles back in 2017. He warned that anyone who didn’t understand AI, deep learning, or machine learning needed to start learning, or they would become “a dinosaur within three years.”
Missed AI’s “Act 1”? Act 2 Could Be 16x Bigger.Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our analysts, we’re only at the end of “Act 1″—the R&D phase. “Act 2” is the global rollout.Continue »
Now, as we’re on the verge of 2027, Cuban’s prediction looks pretty good. AI has changed how nearly every industry operates, including tech, finance, and even old-fashioned industrial companies. If you’re still operating a business without AI today, you may as well be in Jurassic Park.
I believe that investing in artificial intelligence stocks is the biggest opportunity of this generation to create wealth. And the easiest way to do that is through an index fund that gives you access to the best AI companies all at once.
Why I’m bullish on AI
The AI boom has already created enormous wealth for investors. You may have heard about the “Magnificent Seven” — a grouping of seven tech-driven stocks that have grown so quickly that they now make up 33% of the entire market cap of the S&P 500. It’s no coincidence that Apple, Alphabet, Amazon, Microsoft, Nvidia, Meta Platforms, and Teslaare among the leading companies developing AI platforms and products.
The infrastructure build-out is enormous, and companies are still figuring out how to turn AI capabilities into profitable products. But picking the biggest winners isn’t necessarily easy.
Why QQQ is my favorite way to invest
The Invesco QQQ Trust(NASDAQ: QQQ) tracks the Nasdaq-100, which includes 100 of the largest non-financial companies listed on the Nasdaqexchange. And its holdings read like a who’s who of artificial intelligence.
As of Nov. 10, Apple accounted for 8.43% of the fund, followed by Nvidia at 6.80%. Microsoft, Amazon, Alphabet, Tesla, and Meta are also represented with top allocations, along with storage chipmaker Micron Technology and Nvidia competitor Advanced Micro Devices.
QQQ isn’t exclusively an AI investment. It holds companies in retail, healthcare, and other industries, too. But technology accounted for 64.4% of its portfolio at the end of October.
