To The Moon

Not too long ago, we have seen a surge in popularity of three buzzworthy technologies. They are Non-Fungible Tokens (NFTs), the Metaverse, and most recently, ChatGPT or Conversational Artificial Intelligence. While these technologies may seem vastly different on the surface, they all share some common traits in terms of their rise to prominence but stocks that are tied to NFTs and Metaverse have since see their prices fallen substantially along with their popularity. 

Let's briefly look into them and ask ourselves if the recent rise of the popularity of AI stocks will eventually fade as well

The rise and fall of NFTs

The NFT market exploded in popularity over a relatively short period of time, with many artists, collectors, and investors jumping on the bandwagon. As more and more NFTs were created and the market became saturated, demand for NFTs may have slowed, leading to a decline in prices and interest.

In hindsight, we could see ordinary people diving in to this craze, getting themselves a NFT in hope of selling them at a higher price in the future (greater fool theory). Artist will also enticed to create their own collection and sell them off as merchandise to generate profits justifying their high prices by promoting their rarity due to only fixed number of them are issued.

During its peaked we could see share price ofNFT related stock $COIN skyrockting into the $400s on the first day of trading, since then the share price has fallen to as low as the $40s and its now in the $60s

Ultimately I believe the fall of NFTs are mainly due to the technology behind NFTs, blockchain, is still relatively new and can be complex and difficult to understand. 

In addition, there have been relatively few real world use cases for NFTs beyond art and collectibles. This lack of practical applications may have limited the potential growth of the NFT trend. 

The rise and fall of metaverse 

When $META introduced us to the Metaverse concept, many people were excited with the idea of virtual worlds. With the rise of social media and online gaming, there is a growing desire for more immersive and interactive virtual experiences.

The metaverse offers the potential for new forms of entertainment and social interaction, such as virtual concerts, gaming, and even virtual real estate. This has attracted the interest of consumers, investors, and entrepreneurs.

Eventually, this trend slowly fades off as well because the development of the metaverse is still in its early stages, and there are many technical challenges that must be overcome in order to create a seamless and accessible metaverse experience.

$META recent earnings showed an incredible large amount of cash burn to fund Metaverse due to its early adaption and it being a totally new concept. However, progress was slow and the current device required for the Metaverse are pricing out large majority of people. The sell-off of $META shows that investors are simply not confident that metaverse is the future now.

The trend of metaverse die off simply because there isn't enough interest or demand for it.

The rise of chatgpt and AI

ChatGPT is the latest craze in town, it gain popularity with its ability to generate human-like text to a wide range of questions and prompts

The rise of conversational AI has been driven by the increasing demand for different language interfaces and help, such as chatbots and virtual assistants, across a range of industries, including customer service, e-commerce, and entertainment.

ChatGPT has given AI related stocks a huge boost, with share price of MSFT NVDA C3.AI S SOUN BBAI risen substantially in recent times 

Thoughts 

I believe conversational AI has the most potential of the three to transform many aspects of our lives such as 

Revolutionizing the way that businesses interact with their customers. By providing customers with instant and personalized responses, chatbots and virtual assistants can improve the customer experience and reduce wait times.

It also can be used to enhance the delivery of education by providing students with instant access to information and support

With the ability to give customized information and assistant to each invidual in many activities like shopping, gaming, social media and entertainment gives conversational AI the biggest potential to succeed and gain economic value.

With this I will likely place stocks such as MSFT NVDA GOOGL high on my shortlist 

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