Is AI a Bubble? Maybe. I’m Still Buying It.

I’ve been recommending AI stocks since 2022. 

So it’s safe to say that my Secret Stock Files portfolio is sitting on some juicy gains — though we did unload one high-flier for a 1,500% return.

But what’s notable about that one stock, in particular, is that critics doubted it the whole way. 

In fact, back in 2022, when I first recommended it, the stock almost immediately lost half its value. And I had to sit there listening to these naysayers gloat about how they were right and I was wrong. 

Little did I know that wouldn’t be the last I heard from them. 

When stock shot back up from $6 to $20 per share, they said it was overvalued. 

When it went on to $30 and $40, they said a collapse was imminent. 

From $50 to $100 to $150, the alarm bells rang with Wall Street analysts telling me I’d regret my decision. 

In fact, it came to feel like they were rooting against me in a classic sour-grape scenario. (That, or trying to spur a sell-off so they could scoop up shares themselves.)

In any case, the reality is that AI has been hot, controversial, and, ultimately, extremely profitable for those of us who got in early. 

Haters come with that success. Haters are a sign that you’re doing something right — something extraordinary, even. 

And they were out in full force last week, taking victory laps because a stock that shot up from $6 a share to $180 fell back down to $150. 

That was vindication to them.  

Again, though, my vindication was a 1,500% gain. 

So who’s really the loser here?

Regardless, I won’t argue that that stock — and indeed, the vast majority of AI stocks — have gotten ahead of themselves.

They absolutely have. 

But that doesn’t mean the growth is over. 

Think back to the 1999 dot-com bubble… 

That’s what this situation most reminds me of. 

The internet broke out in a massive, world-changing way and investors piled in — some reaping huge fortunes. 

Those on the outside looking in said it was a bubble. They pointed to the imitators, the charlatans, and the fly-by-night startups that rushed to cash in on the craze to make a quick buck. 

And in a way they ended up being right. The Nasdaq did get bloated and collapse. 

And that’s why companies like Microsoft, Google, and Amazon no longer exist…

Oh, wait, that’s right, they do. And they’ve grown by massive leaps and bounds. 

In fact, at the peak of the dot-com bubble, Amazon was trading at a gaudy $5 per share. Today it trades for more than $200.

Microsoft hit an astronomical high of $60 just before the bubble burst. It’s worth almost 10 times that today.

Of course, when the bubble did finally burst, those stocks plunged. But if you bought Amazon in 1999 for $5 a share — or Microsoft for $60 per share — would you really be mad about that today?

If you were sitting on respective gains of 3,900% and 742%, would you regret that?

I sure wouldn’t. 

And that’s where some of these AI firms are headed. 

Some of these stocks — not all, but some — will shoot astronomically higher over the next decade.

So if they fall by 50% or more — like Amazon did when it tumbled all the way to $0.30 per share(!) back in 2001…

I’m buying more.

That’s what I did last week when the Nasdaq sold off. 

I just dipped into my wishlist of tech startups and AI mavens and bought more shares. 

And if they keep falling, I’ll keep buying the whole way down. 

Because this is the start of something big — not the end of it.

And if you want to come along for the ride and cash in on quadruple-digit gains the way I did, you can find me and my top AI stock pick right here.