Manage episode 372326803 series 3378373
The rapid growth of artificial intelligence ("AI") has tempted many investors to explore the technology sector in an effort to capitalize on the AI trend in its early stages. Today, Daniela interview famed short seller Marc Cohodes, who argues that it's crucial to prevent negative headlines from influencing your investment plan in order to uncover buying opportunities throughout this uncertain market. He says, "I'm not concerned about the backdrop one way or the other. I think it's a stock picker's market. There's things you can own and make a lot of money at, and I think there's some garbage out there that you should avoid."
Marc also highlights the high upside potential of battery maker Enovix as AI technology rises to prominence. "If AI becomes a thing, battery becomes the gatekeeper for AI. AI is an energy hog. I look for things that can be very big and solve big problems, and I think this can be it," he claims. Marc concludes by encouraging investors to remain patient as the Fed gradually tempers inflation to its 2% target rate in order to avoid huge losses throughout this market chaos. "All this stuff always gets solved. The can always gets kicked down the road. It's important not to be too excited and not to be too negative because the middle of the road is usually where this all goes," he explains.
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