Louis Navellier, a legendary investor, draws parallels between the current AI boom and the late 1990s internet boom in his latest analysis. He notes that while both periods are marked by significant capital spending and technological advancements, the current market is strengthened by real earnings and substantial order backlogs, particularly citing Bloom Energy Corp’s $6 billion product backlog and over $20 billion total backlog.
Navellier warns that despite the bullish outlook for AI stocks—projected to rise 30% to 40% by year-end—investors should brace for potential volatility, particularly during the summer months. He emphasizes that the real risk lies in letting market fluctuations prompt hasty decisions, potentially leading to missed opportunities for significant gains.
On June 10, Navellier will host a special event with TradeSmith CEO Keith Kaplan to discuss a new AI-powered approach to navigating market volatility. The event aims to equip investors with tools to make informed, tactical decisions in the midst of market fluctuations.
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