Dylan Jovine is teasing an investment that he says could create “10 times MORE new millionaires than Tesla did.”
And he says it all has to do with “Elon’s new AI startup.”
More specifically, Jovine claims he’s found a “backdoor way to play Elon’s private AI startup.”
What’s it all about? What’s the ticker? And is it legit?
That’s what I wanted to know, too. So I dug into Dylan Jovine’s teaser to see what I could find. And in this post, I’ll do my best to answer those questions for you.
What Is “Elon’s Final Move” About?
The basis of Dylan Jovine’s prediction is that artificial intelligence, or AI, is going to usher in $16 trillion of new wealth across the globe, and Elon Musk is at the center of it.
Jovine says he uses AI every day in his publishing business, so he knows what’s real and what’s “overblown hype” when it comes to AI.
And after likening Elon to the “George Washington of modern AI,” he said that Elon’s new AI venture could be “100 times bigger than ChatGPT” (the company he co-founded).
What’s the big deal?
According to Jovine, Elon’s AI venture is different because you can see and touch it:
“You can’t see ChatGPT.
“You can’t touch it.
“Compare that to Elon’s AI breakthrough…
“It’s driving millions of passengers every year.
“That’s why Elon’s AI is far, far more impressive than ChatGPT.
“Because it works in the world.
“You can see AND touch it.”
Source: https://web.archive.org/web/20250522214210/https://go.behindthemarkets.com/btm-elons-1-ai-stock-h1l1
From there, Jovine cited some examples of companies using AI to improve their operational efficiency and profitability in the agriculture and oil space.
He basically made the case that AI’s potential far exceeds what we currently use it for, and that’s why he believes it has so much potential moving forward.
Long story short… Jovine is bullish on Elon Musk’s AI venture because he believes it has more real-world applications than the likes of ChatGPT (like self-driving vehicles).
And since he called it a “private AI startup,” Jovine is almost certainly talking about xAI, a company Musk founded in 2023.
But you can’t invest directly in xAI because it’s a private company.
So that begs the question…
What exactly is Jovine recommending?
Well, after a lot of long-winded talk about AI in general, how much money can be made investing in smaller companies, and how amazing what he’s recommending is… Jovine finally got to the point of revealing what he’s actually recommending.
A company that makes AI chips.
As Jovine explained in the presentation, today’s AI can’t run without GPUs, which are basically computer chips that excel at performing complex tasks.
So, his recommendation isn’t to buy Elon Musk’s new startup, it’s to invest in a company that makes the AI chips (GPUs) that help power AI.
And according to Jovine, his “#1 AI stock” makes AI chips that are “2.4 times stronger” than Nvidia’s. He also said there’s an “extreme shortage” of GPUs, and that the company he’s pitching has the best solution to this “$16 trillion GPU shortage problem.”
Here’s a summary of what he said in the teaser:
“There’s an extreme shortage of GPUs…
“Without these chips, there’s no AI.
“It’s that simple.
“They’re so critical… so expensive… and in such high demand…
“That the GPU shortage threatens to stop the almost $16 trillion AI revolution in its tracks.”
[…]
“And that’s why Elon Musk has started to stockpile these critical AI chips.
“He reportedly bought 10,000 for X, the service formerly known as Twitter…
“And he’s willing to buy $1 billion worth more to boost the supercomputer that runs Tesla’s self-driving AI.”
[…]
“Here’s where what I call “Elon’s #1 AI stock” comes in.
“The little-known company also makes high powered AI chips.
“It’s the best solution to the $16 trillion GPU shortage problem.
“With news outlets reporting that my #1 AI company offers the highest competition to Nvidia’s high-tech chips.”
“In fact, this company could be even better than Nvidia.
“Because their new AI chip is almost TWO AND A HALF times stronger than Nvidia’s chips…”
So, despite what the presentation initially led us to believe, Jovine is not recommending Elon Musk’s AI company specifically. He’s simply bullish on the future of AI, and he’s recommending a company that makes AI chips (GPUs).
What’s the ticker?
Let’s find out!
What AI Stock Is Dylan Jovine Teasing?
Based on what we’ve discussed so far, we know we’re looking for a company that makes AI chips that Jovine claims are 2.4 times stronger than Nvidia’s.
Jovine also dropped the following hint about how Musk has publicly praised the company, and that 19 billionaires and 91 hedge funds have invested in the company.
“In fact, this company could be even better than Nvidia.
“Because their new AI chip is almost TWO AND A HALF times stronger than Nvidia’s chips…
“That’s why they’ve even received praise from Musk himself.
“Wall Street has taken note of this huge opportunity…
“Because 19 billionaires have already bought into Elon’s #1 AI stock.
“Along with 91 hedge funds…
“And the top two asset management firms in the world.”
What else did he say?
Well, for one thing, he said that NASA “deployed the company’s chips on Mars.”
He also said it’s “15 times smaller than Nvidia.”
And that a Wells Fargo analyst recently rated it as a “buy.”
What could it be? It looks like Dylan Jovine is teasing a California-based company called Advanced Micro Devices (ticker: AMD).
AMD fits Jovine’s clues really well, and here’s why I say that:
- According to techwireasia.com, AMD’s MI300 chips have “2.4 times the memory of Nvidia’s leading H100” chips. That article is worth a read if you want to know more, but the gist is that AMD has been stepping up to the plate with its AI chips, giving Nvidia a run for its money. That article is over a year old, though. So here is a more recent article on CNBC that talks about both AMD and Nvidia AI chips.
- I don’t know the specific numbers, but many billionaires and hedge funds have invested in AMD, and a Wells Fargo analyst has rated it as a buy.
- The NASA Rover used AMD’s technology on Mars, which you can read about here.
- AMD’s market cap is about 18 times smaller than Nvidia’s, which is another match with the clues. Granted, it’s not exactly 15 times smaller, but that difference likely comes down to when Jovine published his presentation.
So, it looks like AMD is the stock Dylan Jovine is teasing here.
I can’t be 100% certain, but it looks that way based on the clues.
As for whether or not it’s a good investment, I’ll leave that for you to decide. I don’t make predictions or recommendations about stocks… I just like to solve these puzzles and share what I’ve found with my readers.
If you want to know more about the companies Jovine is recommending, you’ll need to check out his newsletter called Behind The Markets.
Jovine created a report called “How You Could Profit From ‘Elon’s #1 AI Stock,'” which subscribers of the above service get access to.
There are also some helpful resources on AMD you can find online for free, like the ones I linked to earlier, and this article on The Motley Fool website.
Recommended: Go here to see my #1 rated stock advisory of 2024
Bottom Line
Jovine’s presentation talked a lot about making big gains in a short time, so I would recommend taking it with a grain of salt.
No one knows what price any investment will be in the future, let alone the kind of gains he talked about. And in reality, the whole thing was a sales pitch used to promote his service, Behind The Markets. So it’s naturally going to be a bit overhyped.
Should you join his newsletter?
Behind The Markets isn’t my top recommendation, but it’s not a bad newsletter overall. I joined it a while ago and found that Jovine has recommended some decent stocks over the years. He has also recommended some duds, but it’s a legit service.
Anyways, I hope you enjoyed the post, and thanks for reading!
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