Investors are being advised to stay tactical amid the ongoing AI boom, which is showing parallels to the dot-com era of the late 1990s. Louis Navellier, a veteran investor with nearly 50 years in the market, suggests that while the current climate offers opportunities, it also promises volatility. He highlights the performance of companies like Bloom Energy Corp. (BE), which boasts a product backlog of approximately $6 billion and a total backlog exceeding $20 billion, emphasizing that this cycle is backed by solid fundamentals.
Navellier predicts a potential increase of 30% to 40% in AI and data center stocks by year-end but warns of upcoming market fluctuations, particularly during the summer months when trading volumes are typically low. He references historical trends from 1998 and urges investors to consider tactical decision-making rather than panicking during market dips.
On June 10, Navellier will partner with TradeSmith for a free event aimed at helping investors navigate the volatile landscape, emphasizing the importance of focusing on fundamentally sound companies as the AI Revolution progresses.
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