Editor's note: Don't let the skeptics lead you astray...

Artificial intelligence ("AI") is driving massive growth in technology stocks right now. And yet, many critics remain skeptical about the long-term impact of this game-changing technology.

Marc Chaikin – founder of our corporate affiliate Chaikin Analytics – believes listening to the naysayers and letting this trend pass you by could cost you huge gains.

In today's Masters Series, adapted from the June 23 and June 24 issues of the Chaikin PowerFeed e-letter, Marc explains why you need to ignore AI "curmudgeons"...

How We'll Filter Out the Noise From AI Curmudgeons

By Marc Chaikin, founder, Chaikin Analytics

Like it or not, the world is changing again...

Just think about it. I'm sure you've read plenty of stories about AI not working.

For example, fast-food companies have struggled to implement AI in their drive-thrus. McDonald's (MCD) ended a pilot program after AI increased wait times.

And in a survey last year from the Upwork Research Institute, 77% of respondents said that trying to use AI in the workplace slowed them down.

But stories like these confuse the reality of the situation...

They lull investors – and the general public – into thinking this is just another tech hype train.

It's not.

This may sound extreme. But the very fabric of business is changing right now. I've seen it firsthand.

My wife and I have ridden in the back of a driverless car. I've used AI to help me sift through a mountain of stock data. And I've talked with business owners who are using AI, right now, to streamline their operations.

Folks, it's time to prepare for the shift that's coming. And it's time to identify the real winners in the AI game...

During the dot-com boom, hundreds – if not thousands – of dumb ideas were flying around. Think Pets.com and other famous busts.

But we remember them as failures floating in the birth of the Internet. And most of us have forgotten just how absurd it all seemed in the moment.

At the time, there were very real voices telling investors that the Internet wouldn't amount to much... and that the "changing the world" narrative was a pipe dream.

It was easy to listen to those voices. Plenty of folks sat on the sidelines during the boom.

After all, it's possible that the bad ideas outnumbered the good ones by 100 to 1. So it was easy to look at the whole thing as a sham.

We're in a similar situation today. Businesses are just starting to test out AI ideas. And many of them are bad.

The mainstream media loves trumpeting failure. Negativity gets clicks.

We're swimming in a sea of bad ideas – and stories about bad ideas failing...

I'm talking about the market's naysayers and curmudgeons. Specifically, I'm referring to the folks who don't miss an opportunity to complain loudly about anything they can.

I remember one particularly amusing headline in August 2023. Take a look...

Now, this article is just an opinion piece from a Bloomberg columnist. And I don't mean to call out the person who wrote it. But I still can't help but chuckle at the message.

I've said it before...

I don't have a crystal ball. I work in quantitative analysis.

I've spent many decades selling technical tools to Wall Street. And by design, that means I had to stay on the leading edge of technology.

Wall Street pros simply won't pay top dollar for a tool if everyone else already has it. To get their attention, you need to be able to show them something new and useful.

And yet, every time something new comes out, some of the loudest opposition comes from these Wall Street pros. They just want to say, "This is nothing. It won't change the world."

I want to look at what history says about that type of mindset...

Heck, I bet some early humans even panned the invention of the wheel. I can just imagine the writing on the cave wall saying, "This new round thing won't change much."

In fact, we even have written record of the wheel being panned more recently. No kidding...

While discussing the "hot fad" of bicycles in 1902, the Washington Post said, "The popularity of the wheel is doomed." And in 1906, the New York Sun noted, "As a fad, cycling is dead."

History is full of other bad calls on innovation, too...

The curmudgeons criticized the invention of cars as well. In the early days, the New York Times said that prices "will never be sufficiently low to make them as widely popular as were bicycles." And people didn't think the infrastructure would ever make cars practical.

The list is just as silly in recent years...

The curmudgeons saw the answering machine as a novelty for rich people. And they thought laptops would fail as well.

In 1995, a Newsweek writer even predicted the Internet would fail within a year. This wasn't wild commentary from an uneducated author, either. He lived in Silicon Valley!

The guy was saturated in the game-changing technology at the time. And yet, he thought it had reached its peak before it even got off the ground. Specifically, in the article, he said...

Hardware and software will all top out in the mid-90s and, thus, the Internet will never ever get any more user-friendly or portable. Also, it is different and scary.

Folks, that brings me to today's game-changing technology...

I don't have a crystal ball. But it doesn't take magic to see that something big is happening.

The curmudgeons will still tell you that all the talk about AI is much ado about nothing.

But kids in schools are already using generative AI to write papers. And without relying on AI-detection tools, their teachers can't figure out which papers are "real" and which ones are AI-written.

Like it or not, AI is here to stay. And it will only keep getting bigger in the months and years ahead.

Don't miss out on positioning your portfolio to capitalize.

Good investing,

Marc Chaikin

Editor's note: Marc just unveiled a breakthrough new tool that can help you avoid the "failures" in the tech space and uncover the winners months before other investors – ones that could help double or triple your money...

And he recently went on camera to share all the details... including a free, actionable recommendation that you can take advantage of right away. Click here to watch...