A couple of days ago, the big story was that Meta installed all this AI training software on staff computers. It was like the daily outrage. There was a lot of hand-wringing and crying.
This invitation from Tim Sykes, on the other hand, should make people very happy. It’s free, but you gotta register ahead of time:
LIVE: May 1st – 2nd Join Tim’s
Millionaire Formula Conference
Yes! Show Me How To Crush The Market
Back to Meta keylogging its staff. The story all the media outlets reported is that Meta is doing this to replace people. It’s a little bit like that. But I have a different take.
The Big Picture
Everybody knows that there are massive numbers of “fake” jobs at these technology companies. There are people basically doing nothing all day long. That all happened during COVID.
All that government money flowing in, hiring was up, propping up the economy to make it look better than it was. And now…
The Chickens Are Coming Home to Roost
Now, a lot of these companies are using this AI training as an excuse. Sure, I think they are training tools to do some of the rudimentary stuff.
But in my opinion, they’re really doing this under the guise of AI to expose these people that are literally doing nothing all day long.
Why would they do that?
So they can weed them out and cut all these fake jobs that happened from 2020 to 2024. And that will increase their profits.
What It Means for Traders
I think more and more tech companies are going to do this.
Now, I think it’s exciting from a trading perspective. You’re going to see the multiples expand. All of these big tech companies will start to increase their profits, which increases the stock price. And that helps us, the traders and investors.
My Take
I know a lot of people freak out about this stuff. So, I got a solution there, as well.
Just be exceptional. Be so good that they can’t replace you. If you’re average, or you’re not a peak performer, you’re probably going to have to find something else to do.
But if you have a general fear of the “AI apocalypse” taking jobs, guess what?
Just be exceptional. Separate yourself from the pack and they’ll never be able to replace you.
I’m excited from a technology standpoint and from a trading perspective. It’s really going to end up being more of a meritocracy versus a fake job economy.
Watchlist
This one is more of a swing trade type setup.
Applied Digital Corp. (NASDAQ: APLD) announced yesterday that it had entered a lease agreement with an “investment-grade hyperscaler” at its 430 MW AI campus, Delta Forge 1.
APLD spiked in premarket, faded into the open, and then broke above the premarket high before chopping and grinding sideways the rest of the day.
Source StocksToTrade APLD 1-day, 1-min candle, swing trade idea
Now take a look at the 1-year chart. APLD is trending in the right direction and could potentially be setting up for a breakout to new highs.
Source StocksToTrade APLD 1-yr 1-day candle, swing trade idea
APLD crossed the Oracle Algo long signal yesterday going into the close. Look for it to hold and then set up for the next leg up.
On My Radar
- If you liked “Scarface” you can buy the house in Key Biscayne for a measly $237 million. It almost makes me appreciate Michigan winters.
- Even a company building AI employees needs exceptional humans.
- It’s not just the tech companies: Wall Street banks are also culling the herd and increasing profits.
- Medical marijuana just got reclassified from Schedule I to Schedule III. I don’t know if it will help weed stocks, but start watching. They did get a one-day bump on Wednesday when it was just a rumor.