The real engine now is artificial intelligence. Nvidia just reminded us why.
All year long, one thing — Trump’s global trade war — has driven the stock market. But this week made one thing abundantly clear: that won’t be true for much longer.
Wall Street is moving on. The trade war is becoming “old news.”
Yes, the drama will continue. Trump’s tariff agenda will generate plenty of twists, turns, and TV headlines over the coming weeks. It’ll still come up at family dinners.
But on Wall Street, it’s fading into background noise — and that’s good news for investors.
Here’s why:
Earlier this week, the U.S. International Trade Court ruled that most of the Trump administration’s 2025 tariffs were improperly enacted. The decision specifically targeted tariffs imposed under the International Emergency Economic Powers Act (IEEPA), including:
The fentanyl-linked import duties
The 10% baseline reciprocal tariff
The “Liberation Day” tariffs
As a result, most of those tariffs are now dead in the water.
The immediate impact? Huge.
With those tariffs gone, the average effective U.S. tariff rate plunges from 13% to 6% — a stunning reversal that takes us right back to where we were in early 2024, before the tariff war began.
Tariff Fears Fade, Economic Headwinds Recede
Let that sink in. Just two months ago, the average tariff rate was nearly 30%. That triggered fears of soaring inflation, collapsing trade flows, supply chain meltdowns, and a full-blown economic slowdown.
Now, after a flurry of pauses, delays, exemptions, deals — and a bombshell court ruling — we’re back to a manageable 6%.
It’s like waking up from a nightmare and realizing the monster under the bed was just a coat.
Sure, the Trump administration can — and likely will — try to reimpose some tariffs under other frameworks, like Section 301, Section 232, or Section 122 of the Trade Act of 1974. But those paths are slower, narrower, and more constrained by legal caps and political optics. The White House is expected to appeal the ruling, but most legal experts expect it to hold.
So here’s where we are: plenty of trade war drama in the headlines — but a lot less real-world bite. And that’s what markets care about. Not the noise. Not the politics. Just the numbers: earnings, inflation, GDP.
According to the Federal Reserve, every 1-point increase in the average tariff rate:
Drags GDP by 0.14%
Lifts inflation by 0.09%
So a move from 3% to 30% implied nearly a 4-point GDP hit and a 2.5-point inflation surge — major economic damage.
At 6%, that impact drops to:
A 0.4-point drag on GDP
A 0.3-point bump in inflation
In other words, a rounding error.
The economy can absorb that, especially with:
Surging investment in tech infrastructure
Strong labor market growth
Resilient consumer demand
Even if tariffs edge back to 8% or 10%, the macro hit will be modest. More importantly, thanks to new legal constraints, any changes will be incremental, not sudden. That’s the predictability Wall Street needed — and now has.
So while the trade war narrative might linger on cable news, its power to rattle markets is gone. That’s a green light for stocks.
And just look at where investors are turning…
The real engine now is artificial intelligence. Nvidia (NVDA) just reminded us why.
AI Is the New Market Driver — Not Tariffs
The chip giant crushed earnings expectations again, showing demand for AI compute is still on fire. The company is guiding for $45 billion in next-quarter revenue. According to Wedbush, that could unlock $360 billion to $450 billion in downstream economic impact across the AI stack — thanks to an 8x to 10x multiplier on AI chip spending.
That’s the action. That’s the opportunity. That’s where smart money is flowing.
Because let’s face it: what’s more lucrative — worrying about tariff litigation or investing in agentic AI, humanoid robotics, self-driving cars, and enterprise software automation?
The answer is obvious.
Bottom line: the trade war story isn’t over, but it’s no longer the main event. The court ruling changed the game. Tariff risk is now slower, narrower, and more predictable — and the market likes that.
In 2025, growth means AI. Nvidia made that clear. So while headlines keep spinning the tariff story, savvy investors are already chasing the real growth story: technological transformation.
That’s the story. That’s the opportunity. That’s where we’re focused.
Jensen Huang is the epitome of the American Dream.
Although he is now the most influential voice in artificial intelligence and leads the most valuable company in the world, he was not born with a silver spoon in his mouth.
Instead, Huang came from very humble beginnings…
Born in Thailand, Huang immigrated to the U.S. at nine years old to live with his uncle in Washington. Then, his family mistakenly enrolled him in a reform school in Kentucky, where he cleaned toilets and shared a dorm room with his brother.
As a teen, Huang worked at Denny’s as a dishwasher, busboy and waiter – roles he still proudly lists on his LinkedIn profile today.
Fast-forward to his college years, Huang earned his engineering degree from Oregon State University. From there, Huang took a job at Advanced Micro Devices, Inc. (AMD), specializing in chip and memory design.
Then, in 1993, in a full-circle moment, Huang found himself sitting in a Denny’s booth with two fellow engineers, Chris Malachowsky and Curtis Priem. Together, the three of them sketched out a plan for the company that would eventually become NVIDIA Corporation (NVDA).
What started as a vision to improve PC gaming by designing better graphic processing units (GPUs) has grown into a $3 trillion tech juggernaut – and the leader of the AI Revolution.
That’s the kind of tenacity that built NVIDIA from the ground up – and it’s the same spirit that helped the company defy earnings expectations this week, even with a $5.5 billion China export ban looming.
While Wall Street was panicked over what NVIDIA couldn’t ship, I focused on what it could deliver… the Blackwell GPU, one of the most profitable chips ever created. Because of this, I never doubted that NVIDIA would surprise Wall Street with its earnings results on Wednesday.
So, in today’s Market360, let’s unpack NVIDIA’s latest earnings. We’ll consider the growth in its AI chips, and the moves it’s making to stay ahead of its competitors. Then, I’ll show you how this ties directly into President Trump’s tech policies and what I call Liberation Day 2.0… and what it means for tech stocks and investors.
The Numbers Are In…
Now, there was some initial confusion surrounding NVIDIA’s earnings, as several headlines claimed that it missed analysts’ earnings estimates. However, this couldn’t be further from the truth. The company topped earnings estimates and achieved record revenue in the latest quarter.
Digging into the numbers…
During the first quarter of fiscal 2026, NVIDIA’s revenue jumped 69% year-over-year to $44.06 billion – up from $26.04 billion in the same quarter last year. Analysts expected total revenue of $43.25 billion.
The company’s data center business was the star again. Revenue from that segment soared 73% to $39.1 billion.
Earnings also came in strong, rising 31% year-over-year to $19.89 billion, or $0.81 per share, compared to $15.24 billion, or $0.61 per share, in the same quarter a year ago. That was an 8% surprise over the $0.75 analysts had forecast.
NVIDIA noted that the Trump administration’s ban on its H20 products to China cost the company $4.5 billion in the quarter. Before the ban, NVIDIA sold $4.6 billion worth of H20 chips to China, but couldn’t fulfill an additional $2.5 billion in shipments when the ban took effect. Without the $4.5 billion charge related to H20 shipments, NVIDIA said it would have earned $0.96 per share.
Still, NVIDIA remained optimistic. CEO Jensen Huang stated in the earnings press release, “Global demand for NVIDIA’s AI infrastructure is incredibly strong … Countries around the world are recognizing AI as essential infrastructure – just like electricity and the internet – and NVIDIA stands at the center of this profound transformation.”
Looking ahead to the second quarter, NVIDIA expects total revenue of about $45 billion, which represents about 50% year-over-year growth. The company noted that the outlook takes the H20 ban into consideration, as it anticipates an $8 billion loss in H20 revenue.
NVIDIA’s Next Focus: Quantum Computing, Robotaxi Wars and Robotics
Now, by the end of the decade, NVIDIA will be unable to put more transistors on a chip. The fact is NVIDIA’s 208 billion transistors on its Blackwell GPU are already approaching the “atomic” level and are very tiny. So, after this decade, it will be all about quantum computing.
NVIDIA is already preparing itself for this change. During its earnings call on Wednesday, the company announced it is opening in research center in Japan that hosts the world’s largest quantum research supercomputer.
In addition, on May 18 it was reported that the company was is in advanced talks to invest in a quantum computing startup, called PsiQuantum.
Also, NVIDIA already has its own quantum cloud simulator – a tool that helps researchers test and run quantum programs. What’s more, the company recently sponsored a contest to find the best way to design quantum computing software.
The winner, for the record, was D-Wave Quantum Inc. (QBTS) – a company that builds quantum computers and provides the software and services to go with them.
Now, I’ve profiled D-Wave Quantum before to my premium readers. And while it does have strong sales, it still has operating losses, so I wouldn’t buy it just yet. I only like to buy companies that make money.
Given this, NVIDIA remains a safer play for both regenerative AI and quantum computing.
So, I believe that NVIDIA will make an orderly transition to quantum computing, and that should allow the company to continue to reign supreme as the AI king.
Now, NVIDIA isn’t just focusing on quantum computing, it’s also making a name for itself in the self-driving industry and robotics.
NVIDIA is helping innovate self-driving technology with a suite of powerful tools – including NVIDIA DGX, NVIDIA Omniverse, Cosmos, NVIDIA DRIVE AGX, and NVIDIA Halos. Together, these platforms make self-driving vehicles smarter and safer.
That’s important now more than ever, with the robotaxi race heating up. Alphabet Inc. (GOOG) has Waymo, which is already operating in Phoenix, Austin, San Francisco, and Los Angeles. Tesla Inc. (TSLA) is getting ready to launch its own robotaxi service in Austin using the Model Y. And Uber Technologies Inc. (UBER) plans to roll out robotaxis next year using ID.Buzz vans made by Volkswagen AG (VWAGY) next year.
Regarding robotics, NVIDIA offers the Jetson, Xavier and Orin AI chips, its Isaac Platform software and deep learning. It also has its own AI-driven robotic system – Isaac GROOT N1.5 – which can help robots “talk” to each other and share information faster and more smoothly.
Bottom line: NVIDIA is a stock to hold to the end of the decade, because its monopoly on regenerative AI chips is going to continue.
No one competes with their Blackwell chip. And the company has two new improvements coming. One is called the Rubin GPU – coming in the second half of 2026. And then in 2028, NVIDIA will have the Feynman GPU – and then they’re probably done. They can’t make their chips faster. That’s where quantum computing will come in, so it’s very smart of NVIDIA to jump into the quantum computing space now.
And soon enough, robotics are going to leave the factory floor and enter our daily lives. That’s when we’ll enter the era of so-called “physical AI.”
And that means these robots are going to be moving around and learning. We’ll either train them, or they’ll train us. Either way, it’s going to be a brave new world of machines. It’s coming and we can’t stop it. But again, since NVIDIA can provide the software and AI chips to power the robots, it’s sure to be a winner in this space, too.
What NVIDIA’s Blowout Earnings Confirm
NVIDIA’s blowout earnings confirm two things: First, the AI Revolution is still alive and well. And second, President Trump’s Liberation Day 2.0 is supporting its stunning growth.
Liberation Day 2.0 is President Trump’s three-pronged plan to revive the American economy. And it starts with Tech Liberation.
We’re already seeing it play out…
A softening of regulations around AI, crypto and cloud infrastructure
A renewed focus on onshoring and reshoring chip production
A surge in global dealmaking – including NVIDIA’s Middle East expansion (which I covered in last Friday’s Market 360)
And more than $2 trillion in private capital already committed to U.S.-based tech projects
In fact, Jensen Huang commented in NVIDIA’s earnings call that, “President Trump wants U.S. tech to lead.”
He also expressed confidence in NVIDIA’s strategic alignment with the Trump administration’s initiatives, saying “President Trump has outlined a bold vision to reshore advanced manufacturing, create jobs, and strengthen national security,” and affirmed that “we share this vision.”
Simply put, innovation-first policy is back on the table. And that could create a massive tailwind for not only NVIDIA – but a handful of well-positioned tech stocks.
To fully explain this economic shift, I hosted a special Liberation Day 2.0 Summit. During this event, I also revealed the name and ticker symbol of one company for free.
I believe could be among the biggest winners from these Liberation Day-driven economic changes.
Because in the markets, there are no rewinds. Only those who act early, and act smart, reap the full rewards.
Sincerely,
Louis Navellier
Editor, Market 360
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
What the ruling means, where Trump’s trade agenda goes from here, and what’s coming next…
We had a flurry of big news yesterday, folks. And since the market is moving on this news, we need to talk about it.
First, a U.S. court blocked former President Donald Trump’s latest tariffs – the so-called “Liberation Day” tariffs – ruling that he misused emergency powers. That’s thrown a wrench into the trade picture, even as Trump’s administration prepares to appeal.
At the same time, NVIDIA Corporation (NVDA) blew past earnings expectations and delivered another bullish outlook, with CEO Jensen Huang saying, “Global demand for NVIDIA’s AI infrastructure is incredibly strong.”
Now, a lot of investors are wondering what’s next for the Trump agenda, the AI boom, the broader market – and how they should respond.
To break it all down, I sat down for a special video interview with Luis Hernandez, Editor-in-Chief of InvestorPlace. We discussed what this court decision really means, where the Trump trade agenda goes next, and how the latest earnings reports – especially from NVIDIA – should shape the outlook for investors going forward.
You can watch the full conversation by clicking here or on the screenshot below. You can also read the full transcript below.
The Bottom Line
As I said in the interview with Luis, we are in an environment of overreaction.
I don’t want you to get caught up in this, folks.
What matters is that America is still the economic oasis of the world. Inflation is falling. Earnings are rising. And the rest of the world is either shrinking or stuck.
That’s why I’m bullish right now. The dollar is coming back. Retailers are discounting. And fundamentally superior stocks are still powering ahead.
According to FactSet, 96% of S&P 500 companies have now reported their first-quarter results. So far, 78% of them have posted positive earnings surprises – and 63% have topped revenue estimates. That’s helped push the S&P 500’s earnings growth rate to 12.9% for the quarter.
If that number holds, it’ll mark the second-straight quarter of double-digit earnings growth. That’s very bullish, folks – and it shows just how resilient fundamentally superior companies continue to be in this environment.
That means there are plenty of opportunities for gains out there – you just have to know where to look.
For example, thanks to my proprietary system, my Accelerated Profits stocks have given my subscribers the chance for gains like…
Accelerated Profits is my fastest-moving stock trading service, designed to deliver quick gains regardless of what’s happening in the market.
That’s important because while the courts may have blocked one set of tariffs, others are still in place. And the reality is you can bet the administration will find more ways to push President Trump’s trade agenda forward.
What’s more, as I’ve said from the start, the tariffs are just one piece of a much bigger puzzle.
That’s why I just released a brand-new video briefing on what’s coming next – what I’m calling Liberation Day 2.0.
In it, I discuss:
The three stocks best positioned to soar in Trump’s “new economy”
The 10 stocks you need to avoid right now
The full playbook for navigating the next phase of the Trump Agenda
And our plan to use my system in Accelerated Profits to deliver quick profits
If you want to stay ahead of the market and protect your portfolio – while targeting major upside – I urge you to watch this special presentation now.
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Alamos Gold, Inc. (AGI), CECO Environmental Corp. (CECO), Celestica, Inc. (CLS), and NVIDIA Corporation (NVDA)
****************************
Luis Hernandez
Hi, I’m Luis Hernandez, Editor-in-Chief at InvestorPlace. Well, the market continues to be a rollercoaster as the news continues to come at us fast. On Wednesday, a U.S. court issued a ruling blocking President Donald Trump’s tariffs. The U.S. Court of International Trade ruled that Trump had misused the emergency powers granted in the International Emergency Economic Powers Act in imposing his Liberation Day tariffs on dozens of countries. The Trump administration immediately said it would appeal the ruling, but the appeals process could take months.
This was in the aftermath of the House passage of Trump’s “Big Beautiful Bill” that extends tax cuts, adds requirements for federal benefits eligibility, and increases the national debt ceiling. The bill also increases the deduction limit for state and local taxes from $10,000 to $40,000, changes requirements for receiving food stamps, and ends taxes on tips and overtime pay.
Some, including Elon Musk, are worried the bill increases spending too much and plunges our nation into further debt. The Big Beautiful Bill, which is more than a thousand pages, now heads to the Senate, where they will have their own chances to change or add to the bill’s requirements before it reaches Trump’s desk. We’ve also wound down this earnings season, where NVIDIA, the poster child for the artificial intelligence boom, reported an upbeat sales forecast with CEO Jensen Huang saying that the AI computing market is still poised for exponential growth.
Today I’m here with stock market legend Louis Navellier to talk about all that news and how he thinks investors should be reacting or not reacting to the wild news headlines. Louis, thanks for taking the time.
Louis Navellier
It’s an honor to be here.
Luis
This court ruling, it was such a surprise. It seemed to come out of the blue, really. And markets worldwide seem to respond positively at first, and now things have kind of evened out. What is your take on the ruling, and what’s going to happen?
Louis
Well, the media is reporting that there’s other ways the Trump administration can impose reciprocal tariffs without using that Emergency Powers Act. So they don’t think this is that important of a ruling, although it will suspend the 50% tariffs on the EU that were set to expire on July 9.
The other thing is the 10% baseline tariffs are still in place and they are generating quite a bit of income. Those tariffs were imposed largely to start taxing the underground economies in America, you know, the cash economy. And of course, they’re going to take that money to provide middle class tax cuts, no taxes on Social Security, no taxes on tips, no taxes on overtime.
The only thing that’s awkward with the baseline tariffs is that when Congress does their reconciliation, they’re not considering the tariff revenue. So Howard Lutnick, our Commerce Secretary, finds that to be a little odd, but it is what it is.
The other thing I do want to stress is that the reciprocal tariff should not be that high when everybody makes a deal with the Trump administration. You know, he’s trying to open up our agricultural markets to the entire world, you know.
The British media is very critical of Keir Starmer, the Prime Minister, for doing that because he didn’t get anything in return. They’re obviously trying to do that now in Switzerland and open up their agricultural markets. And then, of course, the big one will be the EU, which is trying to protect farmers in 27 nations.
So, you know, if this all goes as planned, we’re going to have freer trade as a result. But it just depends on how the negotiations proceed. Obviously, we’re gonna have lots over 10 trillion has already been documented. So, we will have a boom in America.
I’m most interested in when German Chancellor [Friedrich] Merz meets with President Trump here in the upcoming weeks because Trump is trying to get the entire German auto industry to move their operations to America because our electricity is only 25% of their cost. We have five southern states that throw incentives at them. Trump’s already offered to give work visas to their workers to move them.
And the other reason they might want to do that is they have to be all electric by 2035, according to the EU. And Volkswagen actually passed Tesla in Europe, and their sales are up. But even though they’re doing great with EV sales, with ID buzz and things like that, the problem is they don’t make much money. So if they want to be profitable, they’re going to have to make real engines. And so that’s another reason to move to America.
Right now, the German economic minister is in Brussels begging for subsidies to lower the electric costs so they don’t lose their main industries. You know, chemical, steel, glass. Germany has outsourced to Slovakia, to Hungary, to Poland, to the Czech Republic. But when Ukraine cut off that natural gas supply to Slovakia and Hungary, they hurt them a lot.
So, the question is, you know, they tried to pass the higher electric costs from the Paris Climate Accord on to the consumers. And not only is there a pushback from them, there’s a huge pushback from industry. So there’s a lot of moving parts here. But if I was the German auto industry, I would just pick up and move everything to America.
Luis
Okay, hey, I’d like you to comment on this TACO trade thing that we’ve been seeing. TACO, of course, standing for “Trump always chickens out” on tariffs. He was asked about it and had quite an animated response. What do you make of that trend or that trade?
Louis
Well, yeah, obviously the media likes to make fun of Trump and that’s a nice way to insult him. The British media have been the worst there.
All the negative news on The Economist magazine, the Financial Times was all from the British media. And in fact, Ed Yardeni had four Economist covers about how dire it was in America. And then all that criticism abruptly stopped after they did the trade deal with Britain, which has no reciprocal tariffs, just the 10% baseline. And Britain opened up their agricultural markets.
The other interesting thing is the European media is much nastier than our media. I mean, there’s a Financial Times article now that calls him a moron. And so they like to hit below the belt. But you know the bottom line is, politics 101 is you don’t blame yourself, you blame somebody else, and Trump is gonna be blamed for all the world’s problems.
So sometimes you have to look within to fix things. But you know, he’s obviously made of Teflon. And if you back him into a corner, he comes out fighting. And I mean, look what he’s done. He’s got all the union vote now. He’s got the Teamsters. He’s got the Longshoremen. He’s got the UAW (United Auto Workers). And they might have pushed it too far, because UPS had to lay off 20,000 Teamsters. Because you pay all your workers $180 grand a year, apparently you’re not making as much money. So now that they lay off 20,000 people, they closed 73 distribution centers and no longer delivering for Amazon.
Luis
Wow. Let’s get back to the Big Beautiful Bill. Of course, folks are happy about extending the tax cuts and the other cuts that we mentioned. You know, people are really worried about the debt. Even Elon Musk had a quote about that just the other day. And folks are worried about higher interest rates. Folks are worried that there’s going to be continual dollar debasement.
What is your response to this? Because I think some people are now getting really worried about that and really worried about how it’s gonna affect their portfolios.
Louis
Okay, well, this is a compound-complex question and I’m gonna give you a very good answer. It’s gonna take a bit of time. So let’s start with the special meeting on April 9 with Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. And the reason Howard was there is Cantor Fitzgerald dominates treasury trading, and so Howard’s an expert.
And Bessent and Lutnick told President Trump in the nicest way possible that he’s not in charge anymore. Somebody called the bond vigilantes are in charge. These are the big international investors that buy our Treasury securities. And apparently, they were selling the dollar because they didn’t like what he was doing. And Treasury yields were rising higher.
And so when he put the 90-day suspension on reciprocal tariffs, which are probably going to be suspended further by these court rulings. We had the biggest one-day rally I will ever see in my lifetime. And I want to assure everybody, a week later, Devin Nunes, who runs Truth Social, where Trump posts everything. Then, they got into the money management business. They have actually four Trump-themed portfolios that are available through Schwab now. So Trump’s in the money management business. He has a vested interest to make the market go higher.
The other thing that’s going on is the bond vigilantes have also been attacking Japan, which deficit is much higher as a percent of GDP (gross domestic product). And unlike America, which has household formation and organic growth, Japan doesn’t have that because they got too old.
So the bond vigilante seem to be more biased towards Japan right now. I’ve noticed that Treasury yields have calmed down a bit. A lot of that is the skill of Scott Bessent. So we got to reiterate who Scott Bessent is.
He made a bet when he worked for George Soros that the Bank of England would have to unpeg their currency and he won that bet and he made Soros over a billion dollars on one trade. So the whole world is scared of Scott Bessent. This guy knows what he’s doing. If he could break the Bank of England, I think he needs to be respected no matter how nice he appears.
I call him the “do not worry, be happy” Treasury Secretary. He’s clearly doing a much better job than Janet Yellen. Just so everybody knows, Janet Yellen lost control of the long end of the Treasury yield curve. She had some bad Treasury bond auctions. She responded by just selling mostly short intermediate debt at even higher rates. And that’s why we had an inverted yield curve.
At least under Scott, we have a normal yield curve. And we had a 20-year auction that wasn’t perfect. The bid to cover ratio is 2.46 to 1. It doesn’t sound bad because 2.7 is normal, but it had a long tail and yields did meander higher. So Scott will be on top of all these things and basically make sure we don’t sell more Treasuries than the market can demand.
But the reason I’m still expecting four Fed rate cuts, there is a global interest rate collapse underway. And so now I have to explain to you why the dollar will get its mojo back and dominate the world.
So let’s look at where you can put your money, if you’re a big international investor. You can try China. What’s going on in China? Well, let’s see. They keep losing over 100 million people a year. They have a household problem. Households are shrinking. Their rates are below Japan, and the rates are probably gonna be low for 20-plus years and they might have to do a currency devaluation
By the way, you put your money in Chinese banks, you just can’t get them out. That’s why China dispatched tanks on the street and told the depositors that was an investment. So no one wants to put their money in China.
Obviously, Japan is starting to let their rates meander higher to appease the bond vigilantes, but they can’t raise rates either. And they still have ultra-low rates. Europe is going to have its eighth rate cut in June and they got more coming, because Europe is dying. They’re losing households left and right. They’re shrinking. The only countries that are really growing are Portugal and Spain and that’s
immigration and Spain is very pro-immigration. Even the legal kind.
The only problem is Spain might want to put some turbines on their electric grid. You know, they want all green energy, nothing wrong green energy, especially when it’s nice and sunny. The only problem is they can’t do it all on batteries and storage. So their grid collapsed and they’re going to have to add some turbines. The turbines can be controlled by hydroelectric or natural gas or just anything that makes the turbine spin. But they need to put some base load electricity on because obviously you can’t run your economy without electricity.
The other thing that’s interesting about Spain and other areas of Europe, they control your thermostat. So when there’s an electric problem, they actually raise the temperature in your home. I find that interesting in the summer months.
But Europe is dying and the EU is a mess. It was a monetary union, it was a trade union. But now it’s become extremely political. They took out Marine Le Pen, who was gonna be the next president of France. They disqualified her, they disqualified the guy that run the first runoff in Romania. They took off one of Giorgia Meloni’s associates. They closed down two media outlets in Poland. They’re trying to influence their election. They’re the first one, they’ll have a runoff shortly.
So if you’re anti-EU, they attack. So it’s no longer just a monetary trade union. It’s a big political machine and Trump despises the EU. That’s why he gave Britain a good deal. He’s going to give Switzerland a good deal. He’s going to tell them, just drop your trade barriers and you’ll get a good deal from America. So that would mean lowering the tax on American cars from 10% to 2.5%, lowering the tariff on SUVs from 25% down to 2.5%. We did have a 2.5% tax on imported vehicles and obviously it’s going up under Trump now.
So it’s let’s make a deal time. But the bottom line is America’s food and energy independent. We are growing. The only other country that’s really growing is India. We are pro-family in America. Just go to the South, go to the mountain West. It’s a very pro-family with great households. The reason Utah is the fastest growing state in America is because they have more kids than the rest of America.
We also assimilate our immigrants. If you go to Europe, they’re not assimilating them the way they used to. First of all, France never assimilated. That’s a French problem. Germany used to assimilate Turks and Syrians, but they got overrun and they don’t have to deal with the new wave, and so that’s causing problems. And of course, Britain used to assimilate, but they got overrun too. So that’s why they have 84 Sharia courts in Britain now. So it’s really interesting.
And one last thing. The EU, just so everybody knows how bad they are, they all want open-source software. They all want to spy on us. Part of the negotiations in Britain is Britain wanted to get access to the iCloud because they wanted to see who’s posting nasty things about the Labour Party. And if they found that, that person could go to prison for up to seven years. And you don’t have free speech in a lot of these countries. And Germany does a little of this too.
So, in America, we are an open platform. We assimilate our immigrants. We’re pro-family, and the entire world is shrinking. So if we just count the recessions now, you can’t trust the economic data in China, but clearly they’re sputtering. Japan’s in a recession. Mexico and Canada should be contracting here shortly if it’s not official yet. Britain’s definitely in a recession. Half the Brits can’t even pay their electric bill, they have to be subsidized. Keir Starmer has a big mess on his hands. France is in a recession. Germany’s in its third year of a recession.
And Germany did it to themselves. They shut down their nuclear plants, cost of electricity went nuts. Initially, they outsourced to Eastern Europe, Hungary, Slovakia, Czech Republic and Poland. And now their electricity costs are going up. So now they got to outsource to America or somewhere else. They do outsource to Mexico, so like the Audi Q5 is made in Mexico, but it’s not part of USMCA (United States-Mexico-Canada Agreement). So, its price is going to go up. But it’s just fascinating to watch what’s going on in the world. But when you step back, you’re just better off in America.
One last thing about food, because Trump’s pushing food big time. As big as we are, as productive as we are agriculturally, believe it not, we ran a deficit for three years in a row. And most of it was Mexico. They were making our tomatoes and berries and chilis and of course, the avocados. I’m sure everybody knows Mexico makes the most popular beer in America. So they’ve been very, very efficient at that. They put some reciprocal tariffs on that. But in the end, Trump just wants America to win and he’s happy to expand America.
The final reason I don’t worry about the tariffs is we have a lot of collateral and you know, we’re doing a promo on this, talking about all the collateral in various states but I do want to assure everybody that they can take Vandenberg Space Force Base which is where they launch missiles and they told Elon to go someplace so he doesn’t launch missiles there anymore.
We can take all that beautiful land and turn it to oceanfront lots overlooking the Pacific Ocean. El Toro Marine Base and turn that into oceanfront lots so they’ll have to get the ordinance out of the ground. Let’s see, what else do we own? We own the Presidio, we own Moffett Field.
Luis
You said the tariffs, but you mean the debt.
Louis
I mean the debt, yeah, I apologize. So we have a lot of collateral and we actually have a real estate president and I realize he is trying to acquire Canada and Greenland. He told Canada the cost of the new missile shield is $51 billion unless they become part of America.
I don’t know if you’re aware, the premiers of Alberta and Saskatchewan are preparing to leave. They may have referendums there. I think it’s a little early, but they’re ticked because Mark Carney, the new Prime Minister of Canada, is a net-zero guy. So that means no fossil fuels by 2050. So that hurts Alberta, and no chemical fertilizers. So that kills a Saskatchewan, which is potash. So those two provinces are preparing to move.
The other thing that’s so odd, even though Mark Carney is a net-zero guy, the Prime Minister, Canada’s 25% of global carbon emissions because of all the fires every summer.
So the lightning hits the ground and the peat burns. You know, it’s called a boreal fire. They have them in Siberia too. I don’t think anybody counts those fires very good in Siberia. But anyway, so Alberta’s on fire now and now Manitoba’s just evacuated town, 17,000 people. So, and of course, we get a lot of that smoke in America, you Chicago, New York gets it. So we’ll see what happens.
But, you know, if he’s so worried about, you know, carbon emissions, he might want to just do some forestry management. I know that peat fires are very hard to put out, but we do make a stock called Perimeter Solutions, Inc. (PRM) that makes the foam that’ll put it out.
Luis
Yeah, yeah. So, thanks. I mean, essentially, the United States is still the oasis. I mean, everybody else is…
Louis
Yeah, yeah, and the dollar is going to get its mojo back and when it does, it’s going to offset those 10% tariffs, because I bet the dollar goes up at least 10%.
And then our retailers are now burdened with all these excess goods because the imports went up 41.3% in the first quarter. So now they’ve got to discount them to sell them. And last I looked, we have deflation. CPI (Consumer Price Index) has been down for two of the last three months. The PPI (Producer Price Index) has been down sharply in the last two months. Wholesale inflation, a lot of it’s the lower energy prices from lower prices at the pump.
What else do we have? We got the PCE (Personal Consumption Expenditures) coming out and it should be flat as a pancake or down. So consumer inflation is the lowest rate in four years, wholesale inflation, lowest rate in five years, and the Fed’s not looking at the data. Instead, they’re looking at an inflation boogeyman that doesn’t exist.
And now with the suspension of these reciprocal tariffs, I don’t know what they’re going to say at the next Fed meeting. Because they, again, they’re looking for something that hasn’t happened.
So I think everybody’s grossly overreacted and America’s the oasis. Again, I can’t say the immigration thing enough. We do assimilate our immigrants. I know Trump is deporting some people. If you’re a legal immigrant, he loves you. They’re happy to hand out work visas. They always have. He just wants everybody to pay in the system.
And there is a problem. I was at my daughter’s graduation ceremony at Columbia and it was unbelievably tense. They kept calling the president, I was in the president’s box, the acting president, because no one wants to be president of Columbia.
But they mentioned Tel Aviv University and all these boos came out and then there was other antisemitic things going on and it’s just like, where in the hell am I? You know what I mean? You know, some of these students shouldn’t be there. Some of the faculty shouldn’t be there, because we just don’t promote that in America.
Luis
So one last thing to cover here real quick. We’re just winding down earnings season. According to FactSet, both the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises are above their 10-year averages. When you look back, how did we do this earnings season and what do you expect going forward?
Louis
Yeah, we have Costco Wholesale Corporation (COST) coming out. That’s the last one after NVIDIA Corporation (NVDA). That should be good. At least 6% same-store sales growth with falling gas prices. That’s pretty good.
But no, it’s stunning. It was absolutely stunning. And we’re going to have double-digit earnings growth the rest of the year. You know, it’s funny. You can do an average. You can do a weighted average. So if you do a weighted average, well, the NVIDIAs count more than, you know, the tail-end of the S&P. We’re well in double digits.
So basically, P/E ratios are falling because earnings are strong and I’m seeing positive analyst revisions. It’s just time to not worry and be happy. So I’m very happy with this announcement season. It’s never perfect. But by and large, the stocks came out and dropkicked and drove stocks higher.
It’s interesting, we have a stock called Brinker International, Inc. (EAT), a restaurant company that had beat big time and went down because everybody was worried about the consumer. Well, we just got in the retail sales report that spending at bars and restaurants was up 1.2% in April. And then we just had the new Conference Board Consumer Confidence Index that soared.
It’s the narrative that the consumer isn’t gonna be spending is false, okay? And in summertime, they have more money in their pockets, they’re gonna get a tax bill, it’s gonna put more money in their pockets. The velocity of money is gonna pick up. That’s how fast money changes hands. economic prosperity is gonna continue to drive many stocks higher. So I think things are gonna be fine.
Retail is tough. Retail is all about influencers and stuff. You know there’s a stock that we sold for a nice profit called e.l.f. Beauty, Inc. (ELF) because their margins came under compression. They just bought an influencer because that’s how things are being sold now, and so long as you’re just having the internet.
Luis
Yeah, a billion dollars. I saw that.
Louis
So, Luis, I don’t know what product you want to endorse, but we need to see you on the internet promoting it. And then maybe they’ll give you a billion bucks for whatever you’re promoting.
Luis
I’ll keep that in mind. Thanks for your insights, Louis. I always appreciate it.
Louis
Thank you.
Luis
Folks, below this video, you should see a link to Louis’ Accelerated Profits product. In this service, Louis uses his proprietary quantitative stock grading system to find stocks that are making short-term moves to the upside, so you don’t have to endure the constant market swings. Louis usually issues at least two new buys every month, and every Tuesday, he identifies his top three stocks to buy right now.
So when you join, you’ll see Louis’ latest favorite picks and you’ll see his favorite picks every Tuesday going forward.
Right now, Accelerated Profits subscribers can get his Liberation Day 2.0 Playbook: Three Stocks Set to Soar in Trump’s New Economy, as well as Liberation Day Losers: 10 Stocks to Avoid in the Coming Trade Wars.
Editor’s Note: Will Agentic AI democratize labor, or concentrate power?
What happens when AI stops waiting for instructions… and starts acting on its own?
In this week’s thought-provoking edition of “Being Exponential,” we get a glimpse into the coming wave of Agentic AI — autonomous systems that don’t just answer prompts but actually plan, decide, and act on their own.
If large language models like ChatGPT were the ignition, Agentic AI is the rocket fuel. These systems could revolutionize industries by handling complex tasks like logistics, coding, and even decision-making — with zero human input.
But here’s the real question: Will this future be equitable for everyone?
Does Agentic AI create a new era of economic empowerment — or does it just replace workers, concentrate power, and leave the rest behind?
The proof is in the trendlines. We’ve already seen what happens when software eats the world: fewer jobs, fatter margins, bigger monopolies.
Now, AI is going for the main course — labor itself.
This video lays out what’s coming next. Autonomous systems. Intelligent agents. Machines that can write code, build businesses, and manage supply chains.
It’s incredible technology. But don’t just marvel — question it.
With the barriers of entry being removed, anyone can be anything with agentic AI. That’s one way to look at it. Another way to look at it: is the market really harnessing the potential of agentic AI at scale?
Because if the future of labor is up for grabs, we all have a stake in how it’s written.
We talk about this (and much more) in our latest podcast, available to watch now!
This wasn’t just another solid quarter. It was a mic-drop moment from the most important company in the AI boom — a thunderous reminder that demand for artificial intelligence chips isn’t slowing. If anything, it’s accelerating into a new (and potentially even stronger) chapter.
And if you’re an AI investor — which, let’s be honest, you should be — last night’s Nvidia earnings were your clarion call: This boom is just getting started.
Nvidia Earnings: Let’s Talk Numbers
First, the headline stats.
Nvidia reported 70% year-over-year revenue growth in Q1. That’s down from 78% in Q4 — but don’t panic. The dip is entirely due to U.S. export controls that blocked Nvidia from selling billions of dollars’ worth of chips to China.
Specifically, Nvidia estimated those restrictions cost it about $2.5 billion in Q1 and will cost $8 billion in Q2.
Pause and consider that for a second: Nvidia lost billions in sales because of government-imposed limits — and still posted 70% growth.
Now here’s where it gets wild: if you add back the lost Chinese sales, Nvidia’s Q1 revenue growth would’ve been 79%, and its Q2 guidance implies 76% growth.
That’s staggering. We’re talking about a $3 trillion company, generating more than $40 billion in quarterly revenue, still growing at a 75%-plus clip — and gaining speed.
Most mega-caps would kill for 10% growth at this size. Nvidia’s posting numbers like a startup.
This is what we call scale-proof demand — and it’s exactly what Nvidia’s leather-jacket-wearing CEO Jensen Huang emphasized last night.
His words?
“Demand for AI compute remains incredibly strong.”
Yeah, Jensen. We noticed.
Agentic AI. Physical AI. Big Waves Ahead.
Importantly, this isn’t just a one-quarter phenomenon.
This is a structural, secular, multi-year tidal wave of demand.
Right now, we’re still in Wave One of the AI boom: the LLM era. Models like ChatGPT, Claude, and Gemini are impressive — but from a compute perspective, they’re toddlers.
The next wave is Agentic AI — fully autonomous AI systems that can think, reason, and act. These systems will require far more compute than today’s models. Orders of magnitude more.
And then there’s Physical AI — robots, self-driving cars, AI glasses, smart drones, warehouse bots, automated grocery stores. You name it. Every one of them needs powerful chips to function — lots of them.
These next waves are already forming — and Nvidiais surfing them like Kelly Slater on Red Bull. This is why the company’s growth isn’t slowing. In fact, it may accelerate again once export controls get reworked or rerouted.
As Jensen Huang implied last night: AI compute demand isn’t peaking — it’s just beginning.
Not Just a Win for Nvidia — A Win for All AI Stocks
Now here’s the part you really need to understand: this is not just another “Nvidia wins again” story.
Because Nvidia sits at the very top of the AI supply chain. If you want to build any serious AI product — whether it’s an LLM, a virtual assistant, a robot butler, or an AI-powered search engine — step one is always the same: buy Nvidia chips.
Those chips go into data centers. Those data centers get powered by energy suppliers and maintained by hardware vendors. Then developers build software on top. Those tools get integrated into platforms. Those platforms get adopted by consumers.
It’s a massive domino chain — and Nvidia is the first domino.
Which means if the first domino is falling fast (and confidently), the rest of the chain is about to go, too.
In fact, Wedbush recently estimated that every $1 spent on Nvidia chips creates $8 to $10 of downstream tech spending. That’s not a ripple effect — that’s a tidal wave.
So when Nvidia says it expects to generate $45 billion in revenue next quarter, you can do the math: the broader AI ecosystem could be looking at $360 billion to $450 billion in incremental investment.
Chip infrastructure suppliers like ASML (ASML) and Taiwan Semiconductor (TSM)
Cloud providers like Microsoft (MSFT), Google (GOOGL), Oracle (ORCL), and Amazon (AMZN)
AI software players like Palantir (PLTR) and Intuit (INTU)
And yes, even more speculative plays like humanoid robot makers or AI hardware startups
If Nvidia’s on fire, the whole forest is about to light up.
So What’s Next?
Nvidia stock? It’s a buy — even at these levels.
The company just proved it isn’t slowing. If anything, it’s getting stronger — even with one hand tied behind its back (thanks, export controls). That makes NVDA’s modest 28x forward earnings multiple look like a bargain for the most foundational company of the AI era.
What happens when AI stops waiting for instructions… and starts acting on its own?
In this week’s thought-provoking edition of “Being Exponential,” we get a glimpse into the coming wave of Agentic AI — autonomous systems that don’t just answer prompts but actually plan, decide, and act on their own.
If large language models like ChatGPT were the ignition, Agentic AI is the rocket fuel. These systems could revolutionize industries by handling complex tasks like logistics, coding, and even decision-making — with zero human input.
But here’s the real question: Will this future be equitable for everyone?
Does Agentic AI create a new era of economic empowerment — or does it just replace workers, concentrate power, and leave the rest behind?
The proof is in the trendlines. We’ve already seen what happens when software eats the world: fewer jobs, fatter margins, bigger monopolies.
Now, AI is going for the main course — labor itself.
This video lays out what’s coming next. Autonomous systems. Intelligent agents. Machines that can write code, build businesses, and manage supply chains.
It’s incredible technology. But don’t just marvel — question it.
With the barriers of entry being removed, anyone can be anything with agentic AI. That’s one way to look at it. Another way to look at it: is the market really harnessing the potential of agentic AI at scale?
Because if the future of labor is up for grabs, we all have a stake in how it’s written.
We talk about this (and much more) in our latest podcast, available to watch now!
A federal court strikes down Trump’s tariffs … Nvidia knocks it out of the park again … the TACO trade is here… specific AI stocks to buy now…
As I write Thursday near noon, the markets are digesting two big headlines from yesterday afternoon.
First, U.S. Court of International Trade struck down President Trump’s global tariffs, saying he lacked the authority under the International Emergency Economic Powers Act of 1977 (IEEPA) to impose the Liberation Day tariffs.
From the panel of judges:
The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder…
The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs.
The panel ruled that the U.S.’s trade deficit didn’t meet the law’s definition of an “unusual and extraordinary threat.”
Now, the court’s ruling doesn’t affect all tariffs. Some levies on specific products including aluminum and steel aren’t impacted because Trump didn’t anchor those tariffs on the IEEPA ruling.
The Trump administration has already submitted an appeal. Here’s CNBC:
A top economic advisor to President Donald Trump expressed confidence Thursday that court rulings throwing out aggressive tariffs will be overturned on appeal.
Kevin Hassett, director of the National Economic Council, said in an interview that he fully believes the administration’s efforts to use tariffs to ensure fair trade are perfectly legal and will resume soon.
The administration has 10 days to issue new executive orders in response to the injunction.
So, what happens to trade deals now?
Surprise, surprise – more uncertainty!
Here’s The Wall Street Journal:
The order blows a hole in global trade talks, already under way with more than a dozen nations, which began after the reciprocal tariffs were imposed.
It also throws into question recent agreements with the United Kingdom and China reached after the reciprocal tariffs were imposed.
The market’s reaction is telling. Last night, as the news broke, futures for all three major stock indexes were up more than 1%.
But today, with details emerging about Trump’s challenge, not to mention the questions this raises for trade, those gains have pulled back sharply. The Dow is currently negative while the S&P is basically flat.
As we’re going to press, news is breaking that a federal appeals court is allowing the tariffs to temporarily stay in effect. We’ll have to bring you more on this tomorrow.
The second piece of news from yesterday is Nvidia’s earnings
Nvidia remains the AI King.
The AI juggernaut reported better-than-expected quarterly results highlighted by another quarter of record-breaking sales – and that was despite the drag of restrictions on sales to China.
Here are details from the WSJ:
Revenue reached $44.06 billion for its fiscal first quarter, a 69% increase that was curtailed by Washington’s new limits on China chip sales.
The company was unable to ship $2.5 billion of its H20 processors and projected $8 billion in lost revenue for the current quarter due to the policy.
Looking forward, China remains a wildcard issue for Nvidia’s financial performance. CEO Jensen Huang spoke to this in his earnings call, saying:
With half of the world’s AI researchers based there, the platform that wins China is positioned to lead globally.
I suspect Huang is reading the news of the federal court’s ruling on Trump’s tariff executive orders with great interest.
For more analysis, let’s go to legendary investor Louis Navellier in his Accelerated Profits Flash Alert this morning:
Well, folks, [based on Nvidia’s earnings] I am sure you now understand why I like it…
You can hold NVIDIA to the end of the decade. The reason is their monopoly on regenerative AI chips is going to continue.
No one competes with their Blackwell chip.
After diving into details of the earnings report, Louis pivoted to the big write-down from the banned sale of H20 chips to China:
Despite that setback, NVIDIA is still blowing it out of the park. And they have explosive growth in multiple business divisions.
Louis points toward quantum computing, AI data centers, and the self-driving automotive industry.
Stepping back, Nvidia’s earnings only reinforce the message we’ve been hammering on in recent Digests…
AI is the most transformative and disruptive leap forward in human history. And with that disruption comes massive opportunity: a historic transfer of wealth to those who recognize the scale and speed of what’s unfolding.
By the way, this morning, our Editor-in-Chief and fellow Digest writer, Luis Hernandez sat down with Louis to discuss the court’s blocking of President Trump’s tariffs… concerns over federal spending… and Nvidia’s earnings report.
Just click here or on the play button below for the interview.
As Luis mentioned in the video above, here’s that link for Louis’ Accelerated Profits service.
In this video, Louis explains how he uses his proprietary quantitative stock grading system to find stocks that are making short-term moves to the upside so you don’t have to endure the constant market swings.
At Accelerated Profits, Louis usually issues at least two new buys every month, and every Tuesday he identifies his Top 3 stocks to buy right now. So, when you join, you’ll see Louis’ latest favorite picks today… and then get them every Tuesday going forward.
Right now, Accelerated Profits subscribers also get two brand-new special reports: his Liberation Day 2.0 Playbook: Three Stocks Set to Soar in Trump’s New Economy, as well as Liberation Day Losers: 10 Stocks to Avoid in the Coming Trade Wars.
Returning to the trade war (and, by extension, Nvidia’s ability to sell chips in China), what if Trump wins his appeal?
Well, a growing number of market participants would likely shrug and just say…
TACO.
Yesterday, MarketWatch ran a story titled:
“The ‘Trump always chickens out’ trade is the talk of Wall Street. Here’s one way to play it.”
The idea – now with its own acronym, “TACO” – holds that, for all Trump’s threats, he will always shy away from stratospheric tariff rates that kneecap the economy. And that means it’s time to position yourself for the eventual “official” end of this trade war.
Our hypergrowth expert Luke Lango shares this TACO opinion. So, even if Trump’s ability to impose tariffs is restored, Luke believes it’s no longer a massive market overhang.
It’s now crystal clear that this is the playbook: Trump throws a tariff tantrum, foreign leaders scramble, everyone talks, nobody actually gets nuked economically, deals get done, tariffs go down, and stocks move higher.
The trade war is in the rearview mirror. It’s not a risk. It’s a rerun.
The S&P 500, Nasdaq, and Dow are all right back to where they were before the trade drama started. And that makes sense. Because the trade drama isn’t a war — it’s a Netflix political thriller with low stakes and high ratings.
So, let’s stop watching the trade drama reruns. That season’s over.
Ignore the noise. Trust the trend. And remember the acronym: T.A.C.O.
So, what “season” does Luke suggest investors should tune into?
Luke points to quantum computing, nuclear energy (powering AI), AI infrastructure, and eVTOLs (electric vertical takeoff and landing aircraft) as examples of where he’s looking for winners today.
Back to Luke:
While trade headlines suck all the oxygen, real innovation is exploding in the background.
What’s next is the age of breakthrough tech. And we’re here for it.
For more of Luke’s analysis and his leading next-gen tech recommendations in Innovation Investor, click here to learn more.
What do all these tech-related technologies have in common?
They must be powered (or do the powering).
Circling back to Louis, this is why he believes a smart “AI” play involves AI energy infrastructure.
From Louis:
Artificial intelligence will continue to gobble up ever more electricity this year. Here’s why I’m so confident:
Last November, NVIDIA Corporation (NVDA) released its Blackwell chip, an AI platform that’s 3X to 4X faster than its predecessor. It’s also a power hog, with each B200 GPU unit consuming 1,200 watts, roughly what a household toaster needs. (Its predecessor used 700 watts.)
However, this 70% increase in power consumption doesn’t translate to 70% more electricity demand overnight. Blackwell chips can only be produced so quickly, and even the top cloud computing firms like Oracle Corporation (ORCL) and Microsoft Corporation (MSFT) have been forced to wait in line for supply.
More Blackwell chips are on the way, and Nvidia’s older chips will be replaced by these newer, power-hungry chips. Louis goes on to note…
More of these chips means more power will be consumed, straining an already tight U.S. energy grid further.
This paves the way for a new wave of gains for top-tier energy infrastructure stocks.
For more color on this, and that tight energy grid, let’s rewind to Louis from last summer:
What AI is doing to our power grid is scary because we don’t have enough power.
I go between Florida and Reno. In Reno, we have diesel generators every mile in our neighborhoods because the power grid can’t handle the air conditioning load…
You can’t add a new natural gas power plant because the Biden administration passed this law recently that you must sequester the carbon, and that’s an eight-year permit. So, energy is a nightmare in America now.
And so, the companies that are building the grids, as well as better software, are the place to be.
For Louis’ infrastructure plays, in the past, he’s highlighted EMCOR, Eaton, and Quanta Services.
Louis’ Growth Investor subscribers are still in their Quanta position. They’re up 196% as I write.
If you haven’t taken advantage of this opportunity, you’re not too late
Yesterday, Louis held his “Liberation Day 2.0” summit. This is Louis’ name for a series of new “Liberation Day”-style moves from President Trump with radical implications for taxes, domestic energy, and technology.
“Domestic energy and technology” puts AI energy infrastructure and power generation plays directly in the crosshairs.
Zeroing in on “power generation,” here’s Louis:
On Friday, President Trump signed a series of executive orders with the goal of “re-establishing the United States as the global leader in nuclear energy.”
The orders slash regulations, with the aim to increase American nuclear energy capacity from 100 gigawatts to 400GW by 2050 and to “have 10 new large reactors with complete designs under construction by 2030.”
Nuclear stocks jumped on the news… but they still have plenty of room to run as AI’s need for power continues to soar. One of my favorite nuclear stocks at the moment is Vistra Corp. (VST).
It rates a “B” in my Stock Grader system, and I recommend it in several of my paid services. Investors curious about nuclear energy “liberation” should take a closer look at VST.
This isn’t the only stock that Louis likes based on Trump’s Liberation Day 2.0 policies.
In the free replay of yesterday’s event, Louis details the three sectors he expects to dominate during the next phase of Trump 2.0 – and a top-ranked “buy” pick for each sector.
He also highlights the sectors he’s worried will suffer the most as we transition to the new Trump economy – and 10 stocks that he and his Stock Grader system say you should avoid and/or sell now.
In A Tale of Two Cities, Charles Dickens writes about – you guessed it – two different cities.
The 500-page novel is a whirlwind tour of London and Paris and focuses on how characters are shaped by their environments in the late 1700s. The relative law and order of London allows our protagonists to generally succeed, while the chaos of Paris’s “Reign of Terror” swallows them whole.
The effects of President Donald Trump’s tariffs have created a similar situation.
On one side of the moat, non-tariffed firms are finding enormous success as their competition melts away. On the other side are companies liquifying on a warm Parisian day.
Perhaps most surprisingly, this appears to be taking Wall Street by surprise.
Much like the characters in A Tale of Two Cities, investors seem to think their investments are immune from outside effects… until the truth is bearing right down on them.
So, in today’s Smart Money, I’d like to highlight a company on the right side of the tariff moat and one on the wrong side.
Then, I’ll share the strategy that Eric used to make a 200% gain off of the company on the right side in just seven weeks.
Let’s dive in…
The Right Side of the Tariff Moat
The company on the right side of the moat is Canada Goose Holdings Inc. (GOOS).
Here’s Eric with a brief description:
Canada Goose is a global performance luxury and lifestyle brand founded in 1957. Like Patagonia and North Face, Canada Goose manufactures and sells a range of outdoor sportswear like parkas, puffers, rain jackets, and hoodies – both for genuine outdoor adventurers and for urban chic wannabes.
To understand how Eric got the 200%-plus gain on Canada Goose, we need to back up to last Wednesday, when the company announced first-quarter results that blew Wall Street’s expectations out of the water. Revenues of $268 million topped forecasts by 9%, while adjusted earnings per share of $0.23 trounced them by 44%. The company did not give forward guidance, but investors filled in the blanks anyway after hearing from management.
Here’s Canada Goose Chief Operating Officer Beth Clymer during prepared first-quarter earnings call remarks (highlights are our own)…
As they stand right now, the new United States tariffs have a minimal impact on our P&L. Approximately 75% of our units are made in Canada, virtually all complying with USMCA requirements, which means as Dani mentioned earlier, they are currently exempt from tariffs.
Shares surged an additional 30%.
And the Wrong Side…
The company on the wrong side of the moat, and one of Canada Goose’s rivals, is VF Corp. (VFC), the owner of The North Face, a seller of mass-market camping gear and winter clothing.
The apparel rollup – its other brands include Dickies, Timberland, and Vans – is a major importer of textiles from East Asia, and its current situation could hardly be more different than Canada Goose’s.
The same day Canada Goose announced these blowout results, VF saw its shares move 17% in the opposite direction.
For the quarter, VF’s revenues of $2.2 billion missed expectations by 2%. Losses per share of $0.13 were only a cent better than forecasted. It was a weak quarter overall, with the Americas and Europe underperforming.
Meanwhile, VF’s management warned that tariffs, if unmitigated, would cost the firm $150 million on an annualized basis going forward. That exceeds the $145 million the firm generated in pretax income last year.
To make matters worse, the Colorado-based importer is seeking to offset these costs with actions that will certainly cut into its quality, supplier relationships, or both. Here’s from VF’s Chief Financial Officer, Paul Vogel…
We actually believe we can offset the impact from the tariffs, and we’ve activated our plans to do so. This entails cost management, select sourcing relocations and pricing actions. We are leveraging our deep and long-standing relationships with our partners and are working with them to ensure that we have the right cost structure. And on pricing, our approach is strategic and thoughtful.
Analysts have since slashed their 2026 earnings estimates by 10%, a sign they’re not fully convinced of this offset.
Three Reasons to Buy Canada Goose
Eric had no interest in VF. The company is juggling Asian supply chains and squeezing every drop out of its cost structure. Plus, it’s more expensive than Canada Goose. Of the common valuation multiples, only the forward price-to-earnings ratio makes VFC look cheaper… and not even by that much (14.2X vs. 15.7X). (Only a full-blown discounted cash flow model makes VFC look good thanks to the firm’s “asset-light” model.)
But he did like Canada Goose, and for three very good reasons. As he said…
“Buy Canada” is fast becoming a major trend above the 49th parallel. As a recent Rolling Stone story remarked…
“Buying Canada” in the U.S. has become more expensive in most cases, but Canada Goose exports its goods to the U.S. duty-free. Under the U.S-Mexico-Canada Agreement (USMCA) President Trump signed during his first term, the U.S. levies no tariffs on apparel and textile exports from Canada to the U.S.
Because Canada Goose manufactures its products inside Canada, it possesses a competitive advantage in the U.S. against all the sportwear brands that will soon pay massive tariffs on the products they manufacture in China or Southeast Asia and export to the U.S.
Canadian sales were flat, despite the country likely being in a recession, and sales to the Asia Pacific region surged double digits. Outperforming at the international level right now is extremely impressive for a luxury firm that sells $1,650 parkas and $175 T-shirts.
Canada Goose produces almost all of its American-sold products in Canada and is enjoying a tariff-free existence at the expense of rivals.
So, Canada Goose is a leveraged play on U.S.-Canada trade.
Apparel companies typically fight over low margins, so even tiny changes in pricing competition can have enormous effects on net income. This operating leverage is why a 30% tariff on a competitor’s imports was enough to send GOOS shares up more than 70%.
And so, on April 7, the “Liberation Day” market bottom, he recommended his Leverage subscribers buy Long-Term Equity Anticipation Securities (LEAPS) on Canada Goose, which are long-dated options contracts with expiration dates one to three years away.
Following the earnings pop, Eric saw an opportunity for his Leverage subscribers to make significant gains. So, he recommended banking partial profits. Those who followed Eric’s LEAPS strategy pocketed a whopping 200% gain on his Canada Goose call.
Since that initial recommendation, Eric’s recommended LEAPS call on Canada Goose is currently up about 240%.
If you want to learn more about Eric’s LEAPS strategy, be sure to check out his special presentation that explains how anyone can take advantage of LEAPS. In the broadcast, you’ll also learn how to access a special report that lays out three LEAPS trades with the potential to double your money in just a few months.
Trump pushes for 25% tariffs on Apple and 50% tariffs on the EU… did we just start the next leg lower?… Jeff Clark’s bear market thoughts… a mystery AI product is coming… Louis Navellier’s “Liberation Day 2.0” investment framework
Editor’s Note: Our offices are closed Monday in honor of Memorial Day and the men and women who died while serving in our military. If you need help from our Customer Service team, they’ll be happy to assist you when we open on Tuesday at 9 a.m. Eastern time.
Trade war drama is back
This morning, President Trump spooked investors by taking shots at Apple and the European Union (EU).
First, the President posted on Truth Social that the tech giant should pay a 25% tariff for iPhones made outside the U.S.
From Trump:
I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else.
If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.
If Trump gets his way, prepare for a hefty price increase. The research shop Wedbush suggests that the new estimated cost of a U.S.-made iPhone 16 Pro would explode to $3,500, up from the current retail price of roughly $1,000.
About thirty minutes later, Trump took to Truth Social again to take a swing at the EU.
After writing that trade negotiations “are going nowhere,” the President recommended a straight 50% tariff on all EU goods beginning on June 1.
Here’s more from Trump:
The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with.
Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable.
As I write Friday morning, all three major stock indexes are lower, with the Nasdaq leading the declines.
Is this the beginning of the next leg down that master trader Jeff Clark has been predicting?
For newer Digest readers, Jeff is a technical trading expert. He uses a suite of indicators and charting techniques to profitably trade the markets regardless of direction – up, down, or sideways.
We’ve been tracking Jeff’s analysis in recent weeks. He believes we’re in a bear market that won’t bottom until later this fall somewhere around 4,125. That’s almost 30% lower than where it trades as I write Friday morning.
According to Jeff, we’ve recently reached the top of the massive bear-market rally that bulls have enjoyed since April’s Liberation-Day lows.
So, what’s next?
Let’s get an update on his thinking from his Morning Update today. After highlighting the Trump news, Jeff writes:
So, the computers are hitting the “sell” button. We’ll likely see most of the damage right after the opening bell.
I suspect most traders will simply close whatever short-term positions they have and head off for the weekend, and not deal with whatever other posts hit the newswires today.
Now, though Jeff is bearish, he’s quick to temper expectations about the size of this prospective selloff.
In fact, this morning, he recommended that his subscribers take profits on their S&P short position. If that sounds counterintuitive, here’s his thinking:
I do think the broad stock market has farther to fall in the weeks ahead.
But some of the daily technical indicators I follow are now dipping into oversold territory. This could lead to a bounce attempt early next week.
I’d rather not risk holding our put position through that sort of action.
So, let’s take our profits now.
We’ll look to re-enter a similar position if the market does indeed attempt to rally early next week.
I’ll keep you updated on Jeff’s bear market analysis as it develops. If you’d like to get all Jeff’s updates and trade alongside him, click here to learn more.
There’s a new, mystery AI hardware product in the works
In a move that has Silicon Valley buzzing, design guru Jony Ive is joining forces with OpenAI CEO Sam Altman to build an AI device.
You’ve likely heard of Altman. He’s one of the most notable faces of AI as the CEO of OpenAI, the company behind ChatGPT.
If you’re not familiar with Ive, he was Apple’s Chief Design Officer – the creative force behind the iPhone, iPod, iPad, and MacBook.
So, what’s coming?
Here’s The Wall Street Journal:
Altman and Ive offered a few hints at the secret project they have been working on.
The product will be capable of being fully aware of a user’s surroundings and life, will be unobtrusive, able to rest in one’s pocket or on one’s desk, and will be a third core device a person would put on a desk after a MacBook Pro and an iPhone.
The Journal earlier reported that the device won’t be a phone, and that Ive and Altman’s intent is to help wean users from screens.
Altman said that the device isn’t a pair of glasses, and that Ive had been skeptical about building something to wear on the body.
Speculation is that it’s less “smartphone 2.0” and more “AI assistant reimagined in physical form.” But whatever it is, Altman is talking big about it.
He told his employees that they have “the chance to do the biggest thing we’ve ever done as a company here.” And he’s said that OpenAI will ship this product “faster than any company has ever shipped 100 million of something new before.”
I hate the cliché “pounding the table” but…
That’s what I’ve been trying to do for months here in the Digest.
Please understand: AI is arriving faster than most people realize.
The average American may have heard of ChatGPT, but they have no idea about the scale of transformation barreling toward us.
I’ve written extensively about the utopian and dystopian potential for AI, zeroing in on the massive wealth concentration it’s going trigger. If this new mystery product is on par with Altman’s expectation, it will be a significant inflection point within the wider economic/wealth-shift evolution.
Altman and Ive appear to be building a product meant to redefine how humans interact with machines – a brand-new category of tech that we’ve never seen. We could be in “Apple-before-the-iPhone” territory.
Please recognize the enormous technological, social, economic, and investment shifts that are on the horizon.
Zeroing in on investing, OpenAI is a private company so not traded. But if you want to try to front-run whatever this new product is, component companies with exposure to low-power AI, sensors, and premium consumer design are good places to begin your research.
I’ll bring you more specifics from our experts in the coming weeks/months. But for today, let’s see the writing on the wall…
AI is no longer some sci-fi fantasy decades away. It’s at our doorstep.
One of the market winners of this evolution toward AI has been, and will continue to be, Nvidia
Let’s go to Nvidia’s CEO, Jensen Huang:
AI, like electricity and internet, is essential infrastructure for every nation.
Together with HUMAIN, we are building AI infrastructure for the people and companies of Saudi Arabia to realize the bold vision of the Kingdom.
Huang made the comment last week while accompanying President Trump to the Middle East.
Nvidia will be shipping 18,000 of its Blackwell semiconductor chips to Saudi Arabia to build out a 500-megawatt AI data center.
According to legendary investor Louis Navellier, this new partnership will not only open the floodgates of AI investment from the Middle East, but also potentially hand Nvidia a new kind of global influence.
Here’s Louis:
Make no mistake, this isn’t just another business deal. This is Nvidia cementing its position as the core infrastructure provider for the global AI Revolution.
Saudi Arabia wants to diversify its economy away from oil. One of the ways it can do that is by becoming a major global hub for AI.
Now, HUMAIN was founded by Saudi Arabia’s Public Investment Fund. So, the signal here is clear.
There’s a global race for AI dominance. Nvidia is in the lead, and it’s pulling further and further away from the pack. And it should stay on any smart investor’s “buy list.”
But this is just the first of two new tailwinds for Nvidia. I’ll highlight the second in a moment. First…
In yesterday’s Digest, we highlighted Nvidia as one of Louis’ picks for how to play “Liberation Day 2.0”
This is the name that Louis has given to a framework he’s been tracking for months. This framework includes:
Potential tax cuts – enabled by tariff revenues
Tech liberation – created by a reversal of regulatory chokepoints
Energy liberation – created by executive orders that remove red tape on new mining and drilling projects.
Louis believes these macro tailwinds are coming together today to drive a market surge for select stocks like Nvidia, which is a direct beneficiary of “Tech liberation.”
Next Wednesday at 1 p.m. Eastern, Louis is hosting his Liberation Day 2.0 Summit that dives into more details on this framework, as well as how to position your portfolio to profit from it.
Returning to Nvidia, here’s Louis with the second recent tailwind for the chip giant:
According to recent reports, Nvidia is in advanced talks to invest in PsiQuantum, a startup working on building commercially viable quantum computers.
This would mark a major investment for Nvidia in the quantum computing space.
Why does this matter?
Quantum computing represents the next frontier beyond AI. While today’s AI runs on Nvidia’s GPUs, tomorrow’s computing challenges may require quantum computers.
Nvidia won’t be the only company benefiting from the “tech liberation” component of Louis’ three-pronged framework. And beyond tech, we have opportunities related to the tax cuts and energy liberation Louis referenced earlier.
Before I began my investment career, I was an avid motorcyclist during my “crazy youth” in the 1980s.
And during that decade, my home state of California had not yet passed a helmet law.
Therefore, I have to admit, I didn’t always wear one. Sometimes yes, sometimes no, depending on the circumstances.
Obviously, helmets can and do save the lives of riders who get into serious accidents.
On the other hand, wearing a helmet can contribute to a fatal accident that a helmetless rider might have avoided.
How can this be true?
It’s simple…
We humans tend to convert potential safety benefits into performance benefits.
A motorcycle rider who is wearing a helmet tends to feel more invincible than a rider who isn’t. That sense of invincibility can lull a rider into developing bad habits, like excessively speeding or “splitting traffic” on the highway.
Bad riding habits, coupled with the sensory impairments that helmets cause, could explain why motorcycle deaths pretty quickly returned to their pre-helmet law levels, as shown by the chart below.
Disasters like these occur when risk often wears the guise of safety.
And it may surprise you to learn that it is the same on Wall Street.
So, in today’s Smart Money, I’ll explain why “safe” investing isn’t always as safe as it seems… and then I’ll share one risk worth taking.
Hint: It’s all to do with feeling.
Let’s dive in…
Familiar vs. Foreign
Because U.S. stocks have delivered consistent, world-beating results for nearly two decades, many American investors assume this delightful trend will continue long into the future.
Additionally, a second, less sensible factor also entices U.S. investors to load up their portfolios with U.S. stocks: familiarity.
Because U.S. stocks are more familiar than foreign stocks, they feel safer. After all, U.S. stocks have names like Starbucks, Apple, and McDonald’s… and do not have names like Daiichi Sankyo, Muenchener Rueckversicherungs, or Financière Richemont.
Even though these three foreign companies would be unfamiliar to most U.S. investors, they are, respectively, a $40 billion pharmaceutical company, an $85 billion worldwide insurance giant, and an $110 billion maker of luxury watches.
For many American investors, a foreign name is a deal-breaker. It adds complexity to an investment process that is complex enough in English. Therefore, even though most American investors can appreciate the value of international diversification, they cannot embrace it emotionally.
U.S. stocks simply feel safer than foreign stocks.
But, like the motorcycle helmet case study, “safe” isn’t always as safe as it seems.
This perception emboldens investors to continuously boost their allocations to U.S. stocks, no matter how high valuations might be.
But we American investors should never remain “overweight” in U.S. stocks and bonds simply because they are familiar.
We must remember that, as investors, the world truly is our oyster.
To be sure, America is home to millions of entrepreneurs who create and launch successful companies, year after year. Many of these companies issue stocks that become fantastic shareholder-enriching investments.
But the United States does not possess a monopoly on investment opportunity. In times like these, when the U.S. markets are featuring more uncertainty than average, and when U.S. stock valuations are much higher than average, select foreign markets deserve a closer look.
In other words, if a new cycle of outperformance by foreign stock markets is underway, we should try to maximize that opportunity by diversifying some of our capital into select foreign investments.
Here’s the best way to do that…
How to Diversify Into Foreign Markets
At Fry’s Investment Report, I have already initiated a cautious diversification into select foreign markets. Four of the eight “Buy” recommendations I have issued this year have been foreign stock investments.
The early results are encouraging, as all four are showing gains. More importantly, all four stocks have topped the results of the S&P 500 during the corresponding timeframes.
On average, the four new stocks have advanced 13.8%, compared to the S&P 500’s average gain of 5.7% during the corresponding timeframes.
I’ve been making the case for foreign stocks since the Trump administration announced its new tariff regime in early April. That was also when I recommended a “tariff-proof” company from our neighbor to the north to my Fry’s Investment Reportsubscribers.
Since my initial recommendation, less than two months ago, this foreign play has soared over 70%.
Now, I will continue to scout for outstanding investment opportunities here in the U.S. But as I have done throughout my 35-year career, I will also keep a close eye on emerging opportunities in overseas markets.
Sometimes, the best gifts come in foreign packages.
AI is reshaping hospitals… predictions from 2020, and where we are now… most people aren’t ready for AI… Luke Lango’s AI indices… Louis Navellier’s latest tech picks
You’re sitting on the exam table.
The doctor greets you, listens closely as you explain your symptoms, asks thoughtful follow-ups.
No typing. No screen between you. Just presence.
Behind the scenes, an “AI scribe” listens too – capturing every detail, filtering out chatter, and assembling your medical notes in real time.
As you leave, a printout with your care plan is already waiting. Meds updated. Labs ordered. The AI even flagged a scan from three years ago you’d forgotten about.
Your visit was efficient, thorough – and surprisingly human.
Welcome to the age of ambient intelligence in medicine.
Another day, another story of a cutting-edge AI application that’s revolutionizing our world
Yesterday, The Wall Street Journal ran a piece describing how hospitals are turning to “AI scribes.”
This is an ambient listening technology where an AI agent documents and takes follow-up actions based on everything that happens in a doctor-patient encounter.
After the conversation, the AI scribe uses the relevant information to accomplish a wide array of related tasks – updating medical records, drafting patient care plans, noting issues for future follow-up, and handling the discharge process, among other things.
Here’s The Wall Street Journal:
“We are just scratching the surface of what this technology can do,” says Dr. Lance Owens, regional chief medical information officer at University of Michigan Health, which uses Microsoft’s DAX Copilot ambient-listening technology.
“I see it being able to provide insights about the patient that the human mind just can’t do in a reasonable time.”
The AI “listens” through a desktop or mobile phone, then uses speech recognition software to process the conversation. It can tell the difference between irrelevant social chatter (“how are the kids?”) and pertinent medical topics, distinguishing voices and filtering background noise.
Back to the WSJ:
Researchers predict the systems will evolve into a 360-degree presence that extends before and after the medical visit: analyzing records before an appointment to identify red flags, prompting doctors about recommended tests and treatments based on patient symptoms, and teeing up follow-up actions like lab tests and prescription orders.
Transforming science fiction into tangible reality…today
Imagine humanoid robots assisting in hospitals, AI-driven systems managing entire supply chains, and autonomous vehicles navigating our streets (and airways). These developments are not decades away but unfolding now.
Unfortunately, many Americans remain blind to what’s at our doorstep…and they’re unable to imagine what’s coming.
In 2020, the authors of the book The Future is Faster Than You Think conducted a survey to determine if Americans were aware of – and ready for – the technological shifts that were approaching.
Among the findings:
About half doubted AI would surpass human intelligence during their lifetime
Fewer than one in four believed gene editing would be advanced enough to eliminate most genetic diseases within the next ten years
Over 70% couldn’t imagine a future where their brain connects directly to the cloud, allowing them to access information just by thinking
Nearly 70% of Americans didn’t expect flying cars to ever operate in cities like Los Angeles or Dallas within their lifetimes
Five years later, let’s check in on the progress toward each respective point.
AGI supremacy: Google DeepMind CEO Demis Hassabis and Alphabet co-founder Sergey Brin suggest artificial general intelligence (AGI) – AI with capabilities equal to or exceeding human intelligence – could arrive around 2030. Meanwhile, a survey of 2,778 AI researchers earlier this year revealed a 50% chance of AI being able to match human performance in a variety of tasks by 2028
Disease elimination: According to NPR, earlier this month, a 15-month-old patient was basically cured of a rare genetic liver disorder after DNA editing using CRISPR technology. Follow up will be necessary, but as of today “the bespoke therapy appears to have at least partially reversed his condition, reducing his risk of suffering brain damage and possibly even death”
Brain/cloud connectivity: According to Wired, last year, Neuralink successfully implanted its Telepathy device into a human, enabling the participant to control a computer cursor using thought alone
Flying cars: Joby Aviation is on track to initiate air taxi services in Dubai in the first half of this year. Plans are to begin passenger operations later this year or in early 2026. Just this morning, JOBY surged 20% after news broke that it has closed a $250 million investment round from Toyota. (Disclosure: I own JOBY.)
Today, the disconnect between expectations and reality continues…
A February 2025 YouGov survey found that only 7% of Americans believe household robots will become common within the next two years.
While two years is likely too aggressive for “common” to be the appropriate word, in March, CEO Elon Musk said Tesla will produce around 5,000 of its Optimus robots in 2025 and 5,000 next year. He also said that Optimus sales will roll out in the second half of next year.
From Musk, speaking of Tesla:
Long term, Optimus will be overwhelmingly the value of the company.
If the average American isn’t up to speed on how fast AI/robotics/humanoids are coming, they’re even more in the dark about how to invest in it
An April 2025 Axios Harris poll revealed that 77% of Americans prefer slowing down AI development to ensure safety and accuracy. While we’re sympathetic to this desire, a slowdown isn’t in the cards. We highlighted why in this Digest.
Rather than worry about job losses to robots or the dystopian version of AI, we think investors should zero in on declining AI input costs, advancements in coming AI iterations, and which stocks are best positioned to grow in multiples as AI takes over our world.
Easier said than done.
This is a big challenge. Here’s how our technology expert Luke Lango just described it:
Artificial intelligence isn’t just another tech buzzword—it’s the engine of a full-scale economic transformation already sweeping through global markets.
But with hundreds of companies claiming an AI angle, it’s become nearly impossible to separate hype from real, compounding opportunity.
The AI boom is here. And it’s not just a tech trend—it’s a full-scale economic transformation sweeping across nearly every industry worldwide…
Investors need a way to cut through the noise and find the signal—to identify the best AI stocks, hold them, and ride this megatrend as it transforms the global economy.
That’s why we created three proprietary AI indices to help you capture maximum profits from this wave.
First, the AI Foundational Five. These are the five big tech leaders building and hosting the core AI models. They are the foundational layer for this entire boom.
Second, the AI Builders 15. These are the 15 top hardware and infrastructure companies powering AI’s rise, building the critical backbone.
Third, the AI Appliers 15. These companies are the innovators using AI to transform how we live and work, building apps and tools on top of the infrastructure.
Together, these baskets offer a complete roadmap to the AI megatrend. You should be invested in all three.
If you’re an Innovation Investor or Early Stage Investor subscriber, these baskets are available to you right now.
Meanwhile, if you missed this afternoon’s live event with legendary investor Louis Navellier, part of it covered how he’s investing in AI/technology today
The event centered around profiting from what Louis calls “Liberation Day 2.0.”
According to Louis, President Trump is working to implement a series of new “Liberation Day”-style moves with radical implications for taxes, domestic energy, and technology.
Zeroing in on technology, here’s Louis:
Big Tech, the U.S., and foreign governments have committed more than $2 trillion to AI, crypto, and cloud infrastructure since the election. Get ready for more.
The White House is reversing regulatory choke points. Innovation-first policy is back – and the smart money knows it…
Make no mistake, the implications for investors who position themselves correctly could be life-changing…
AI, robotics, and humanoid technologies represent not just the next big innovation, they mark the most transformative and disruptive leap forward in human history.
It’s not “coming” – it’s already started.
These technologies are reshaping every aspect of daily life. How we work, communicate, care for our homes, our health, our families – and the pace of those changes will only accelerate.
But with that disruption comes massive opportunity: a historic transfer of wealth to those who recognize the scale and speed of what’s unfolding.
Not sure of the right investments to capitalize on this shift?
Start small. Take a variety of starter positions. As AI/robotic/humanoid leaders emerge, you can add more to those while pruning your underperformers. After all, this is the type of market set-up where the returns from one homerun investment can make up for a handful of whiffs at bat – and then some.
But this technology won’t wait, or slow.
We’re at a turning point. Let’s do our best to capitalize.
