2 AI Stocks to Buy as AI Nears Its “Crossover” Moment
I remember when I saw my first iPhone. One of my college friends had bought the device and was gleefully showing it to everyone he could.
At the time, most people thought it was nice… but not that nice. (Many felt that about our friend’s enthusiasm, too.) The 2007 iPhone was slow, chunky, and took forever to load webpages. Even Wall Street wasn’t that impressed. Apple Inc. (AAPL) shares were trading at a split-adjusted $4.35 on the iPhone’s launch date in June 2007 and rose just 15% over the following two months.
But the iPhone was monumental. By moving the internet from desktop computers to portable phones, Apple created a crossover moment where one technology enters a new realm. Over the following years, Apple revolutionized how people accessed the internet and became the world’s most valuable company. Every $10,000 invested in Apple in 2007 would be worth $543,460 today.
Apple investors are not the only ones who have used technological crossovers to turn small investments into fortunes…
- The steam engine was initially used to raise water from mines… until an enterprising mining engineer decided to strap one onto a set of coal wagons, kickstarting a railroad revolution.
- Radio waves were first used to transmit Morse code before being co-opted for radio and TV broadcasting.
- Transistors were initially used in telephones, not PCs.
Each of these crossover moments created vast new opportunities for early investors.
