Today I’m looking into Dylan Jovine’s “Quantum AI” stock pick.
According to Jovine, artificial intelligence (AI) is set to experience a “second wave” of growth, which could see early investors getting in on a “$25.6 trillion revolution.”
The presentation was full of the usual hype… lots of talk about turning a small sum (in this case, $1,000) into a windfall ($2.6 million).
Take that with a truckload-sized grain of salt.
Because it’s just sales hype used to pitch his newsletter service, Behind The Markets.
Nevertheless, I looked into the clues Jovine shared in the presentation to find out what company he’s teasing, and in this post, I’ll spill the (quantum AI) beans.
Breaking Down Jovine’s “Second Wave” Prediction
The main idea behind Jovine’s AI prediction is that there are two “waves” of profit to be made when it comes to investing in tech stocks.
The first wave, where everyone gets excited about a new technology and early investors make lots of money… which is then followed by a “big dip.”
Kind of like the dot-com bubble in the early 2000s.
Then, after that happens, a “second wave” occurs, where the companies that survived the initial dip prosper and make investors even more money.
Basically, that’s what Jovine claims is happening with AI…
“The coming Second Wave will create more new millionaires than any other in history.
“Because when it hits, it will unleash the full potential of the AI revolution …
“And create an unprecedented amount of new wealth.”
Source: https://web.archive.org/web/20240906025341/https://go.behindthemarkets.com/btm-quantum-ai
In the end, this is mostly just a story used to sell his $49 newsletter service, but there is some truth to what he’s saying if you look at historical charts of companies like Amazon and AMD. These are extreme examples, but they shed some light on what Jovine’s saying.
And he claims that the so-called “second wave” (of stock market profit potential) could hit in the “next 12 months” or less.
Basically, he predicts we could see a drop in AI-related tech stocks in the near future, followed by a second wave of growth shortly thereafter.
“That big drop is coming soon.”
[…]
“… we could see a very fast, very ugly correction.
“Just like the Tech Bubble implosion in 2000.”
[…]
“Millions of Main Street investors could lose everything… but it doesn’t have to happen to you Because thanks to this pattern, you know what’s coming.
“So this time, you won’t get left holding the bag.
“More importantly, you’ll be ready for what’s next:
“The biggest Second Wave in history.”
The reason we’ll experience a second wave, according to Jovine, has to do with a “breakthrough” in the underlying technology powering AI.
“This breakthrough will unlock the full potential of the AI revolution…
“And create a new generation of millionaires in record time.
“Thanks to this breakthrough, the Second Wave will hit fast.”
This breakthrough, according to Jovine, will “replace GPUs as the driving force behind AI.”
Long story short, he believes GPUs will become obsolete…
“GPUs are about to become obsolete.
“Because even though they’re essential to AI …
“They’re also the #1 roadblock to unlocking its full potential.”
According to Dylan Jovine, GPUs will be replaced by a better, faster, and more advanced technology, which will drive the adoption of AI forward and make investors rich.
What technology is he talking about?
In short, the convergence of AI and quantum computing…
“So what is this Second Wave breakthrough?
“Quantum computing.
“Or more specifically…
“The convergence of quantum computing and AI.”
[…]
“… the most complex problems—the real game-changers—would take a GPU-powered AI millions of years to solve.
“But thanks to qubits, quantum computers solve those problems in seconds.”
I’m not going to attempt to explain the details of quantum computing because it’s well beyond my area of expertise (and the scope of this blog).
However, the gist is that it’s a more advanced type of computing that utilizes “qubits” instead of 1s and 0s (like a regular computer).
And Jovine predicts it’s going to power the future of AI.
What stock is he teasing?
After hyping up the idea of quantum AI, Jovine said there are three companies with big potential that could benefit from his ‘second wave’ prediction. He only provided tangible clues about one of them, but I think I know what it is, so let’s discuss that now.
Revealed: Dylan Jovine’s Quantum AI Stock Pick
Dylan Jovine claims that the company he teased in the presentation has “developed what could be the most powerful quantum computer on the planet.”
According to Jovine, the company doesn’t actually sell quantum systems itself, it provides “cloud-based Quantum AI tools at a tiny fraction of the cost.”
“You see, this firm doesn’t sell full-stack quantum systems (yet).
“Instead, they provide cloud-based Quantum AI tools at a tiny fraction of the cost.
“Tools that can be used with a normal PC, laptop, or tablet.”
Aside from that, Jovine shared some clues about the company’s investors and its partners (which include some big-name companies, including AbbVie and Hyundai) and shared some details about what the company is working on.
Here’s a summary of those hints:
“Company insiders own 68% of all shares.
“Other tech insiders love the stock too.
“Including Bill Gates … Michael Dell … and Mark Benioff, CEO of Salesforce.
“Not to mention BlackRock, which owns more than 12 million shares.”
[…]
“In addition to AbbVie, Amgen, and BioNano…
“The company is working with Hyundai to create a new type of battery that could revolutionize the EV market…
“And helping Goldman Sachs create and test advanced trading systems.”
[…]
“The company just announced its first enterprise-class quantum systems…
“And plans to begin delivery this year.
“Unlike their competitors, these quantum computers are ‘plug and play.’
“They’re designed to fit into a customer’s existing data centers…
“Exponentially increasing computing power at a fraction of the cost.”
What else did Jovine say about this stock?
According to the presentation, the CEO expects the company’s revenue to “double again this year” (2024), indicating that it doubled its revenue from 2022 to 2023.
And he said its stock rose by almost 470% in 2023.
“The CEO expects revenue to double again this year.
“And the company blew past Q1 revenue expectations …
“So we could see a repeat of last year’s almost 470% gain.”
Based on those clues, it looks like Jovine is teasing IonQ (ticker: IONQ), a Maryland-based quantum computing hardware and software company.
I can’t be 100% sure this is the one, but it looks that way based on the clues.
For example:
- IonQ is a quantum computing company.
- According to an article on Yahoo Finance, it is working with the three pharmaceutical companies Jovine mentioned in the presentation (AbbVie, Amgen, and BioNano), and Hyundai is shown in the company’s list of “customers and partners.”
- The company’s revenue doubled from 2022 to 2023, and the stock saw a (roughly) 470% gain in 2023 from trough to peak.
So, IonQ looks like a match.
I don’t know if it’s a good stock or not, but it does look like a match.
And it’s a stock that has been teased by some of the most well-known stock-pickers (AKA newsletter salesmen) in the industry (Louis Navellier, James Altucher, and Luke Lango).
So, it’s not exactly an original idea in that respect.
Nevertheless, this appears to be the one.
And if you want to know for sure and get the details on why Jovine’s bullish on this “second wave” quantum AI stock, you’ll need to join his newsletter, Behind the Markets, for $49.
Because that’s how you get access to the report he made that details his pick, called “Quantum AI: 3 Stocks that will Drive the Second Wave of the AI Revolution.”
Recommended: Go here to see my #1 rated stock advisory of 2024
Bottom Line
Jovine’s presentation about quantum AI was an interesting one, albeit overhyped.
And as mentioned, it looks like the stock he’s teasing is IonQ.
I can’t advise you on whether or not that’s a good stock or if Jovine’s prediction of turning a small sum into millions will play out. But I would encourage you to take a lot of what is said in these types of presentations with a grain of salt, as it’s mostly marketing fluff.
In any case, I hope you found this post helpful.
And if you want to know more about Jovine’s Behind The Markets newsletter before joining, see my full review of the service here. I joined it a while back and, in the review, share my take on how it works, how well it’s performed, and more.
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