Chris’ note: Artificial intelligence (“AI”) is the hottest trend of 2023. But colleague and legendary trader Larry Benedict warns that buying Nvidia and other hyped-up AI stocks isn’t the best way to play this boom.

That’s why he’s hosting a special strategy session next Wednesday, September 6, at 8 p.m. ET. Larry will show you why you don’t just want to buy and hold a trend like this.

He’ll also give you an alternative AI play. He says it could help you make the equivalent of an annual salary – or more – in less than a week.

It’s all down to what Larry calls the 7-Day Blitz. It’s a window of rampant stock market volatility that’s guaranteed to open up around this time each year.

So, make sure to secure your spot for Larry’s event with one click here. Then read on below for why he thinks AI stocks could go haywire over the coming weeks.

$15 billion…

That’s how much venture capitalists (“VCs”) poured into ChatGPT and other generative AI projects in the first six months of the year.

That’s a roughly a 35% jump compared to a year earlier.

It’s not just VCs who are piling into this tech megatrend. So are investors.

The five largest AI exchange-traded funds (“ETFs”) gained an average 35% over that time.

And it’s been a case of a rising tide lifts all boats. The tech-heavy Nasdaq is up 35% for the year.

And individual AI stocks have performed even better.

The world’s No. 1 AI chipmaker, Nvidia is up 245% so far this year. That’s left it one of only five companies in the world with a market value of more than $1 trillion.

C3.ai is a company that specializes in AI apps that optimize business processes. It’s up 179% this year.

Palantir Technologies helps companies, governments, and militaries use AI to analyze large data sets. It’s up 134%.

Symbiotic uses AI in robotic automation solutions for supply chain and warehouse management. It’s surged 249% this year.

This shows the breadth of the AI boom that’s taken hold of the stock market.

As traders, we need to pay attention to this trend. As you’ll see, it holds the key to doubling our money – or better – in the surge in volatility that happens each year around this time.

These AI Stocks Are Roller-Coaster Rides

It may seem like you can buy any stock related to AI and ride it to the moon.

But the truth is, it’s not so simple.

In January, digital media company Buzzfeed jumped 461% based on a report saying it would partner with the company behind ChatGPT, OpenAI, to develop an AI article writer.

But the stock then plunged. It’s now down 42% in 2023.

Upstart Holdings is a fintech company. It uses AI to facilitate and streamline the lending process for personal loans and auto loans.

If you were lucky enough to have bought it at the start of the year, you’re up 143%.

But since the start of August, it’s plummeted nearly 60%. That’s burned anyone who bought in more recently.

Even mega-cap stocks that have benefited from AI boom are slipping.

Tesla uses AI systems to pilot its self-driving cars. After rising as much as 138% in 2023, it’s down only 1% from its July peak.

The point I’m driving at is it’s hard to know exactly how to play the AI boom.

AI systems are only just starting to show us what they’re capable of. Advances in this breakthrough technology will lead to even crazier gains in the coming months and years.

So, you don’t want to miss out.

But in the short term, some AI stocks are coming under pressure after their huge run-ups.

So, what’s the best way to benefit from the AI trend right now?

7-Day AI Blitz

Coming up, we’re about to see huge money flows into stock the market I call the 7-Day Blitz.

It’s a time of rampant volatility. During this period an estimated $1.2 trillion changes hands… all in the span of seven days.

Not a lot of people know about it. It’s hardly covered by the financial mainstream media. But it’s possible to make more in one week than many do in an entire year.

Some of my followers who’ve written in have made as much as a year’s salary during this kind of blitz.

For example, one trader wrote in saying he made $136,000. Another turned $6,706 into $23,393. Another reported a $19,164 gain from a $1,587 starting position.

That’s with a holding period of one week… and often less than two days.

And with the AI boom in full swing, this year’s blitz is handing us a new way to profit – by trading an alternative AI play.

It’s so important I’m putting together a 7-Day AI Blitz event to show you how to trade this window of volatility… including my favorite way to play it.

It will go live next Wednesday, September 6, at 8 p.m. ET. And I promise it will be worth your time. This blitz strategy is one of the most reliable money-making methods of my career.

So, please clear some time in your schedule and join me. You can secure your spot with one click right here.

I hope to see you there.

Regards,

Larry Benedict
Editor, Trading With Larry Benedict