| |  | | May 20, 2024 |  | Eric Fry
Editor, Smart Money | | Daily Issue | Editor's Note: Every AI company that has reached a $1 trillion market cap has showered its investors with wealth-building opportunities.
And I'm going to share more details on the next one tomorrow, May 21st at 7 p.m. Eastern, during my The Next $1 Trillion AI Stock strategy session.
Instantly reserve your spot by clicking here. | | | Hello, Reader. Ever since the early days of the 1849 gold rush, California has spearheaded the American Dream.
Out in the West, if you could imagine it, you could create it. And potentially reap a fortune.
However, as we talked about earlier this week, the California Dream lost its mojo somewhere along the way… or at least part of it.
Instead, a new generation of dreamers and entrepreneurs are pursuing their dreams in the middle of the country.
Take the so-called “Rust Belt” states of the Upper Midwest.
In this area, vibrant new high-tech industries are emerging from the crumbling foundations of ancient ones.
GDP growth in these states has been rusting away for decades, relative to overall U.S. GDP. The chart below shows that dismal trend.  However, a surprising reversal of fortunes may be underway.
As new high-tech industries, including AI, are sprouting from the old warehouses of the Upper Midwest, economic growth could reverse course and embark on a powerful, multiyear upswing.
So, let’s take a look at how the newest face of America is emerging from the “ghosts of industries past.”
And at what investment opportunities it provides… | | | | SPONSORED  China’s gold-buying activity has been gaining momentum recently.
During the first quarter alone, the People’s Bank of China (PBoC) purchased 27 tonnes of the shiny rock.
So, gold has definitely been saying “Thank you!” to China.
However, we have another industry in our crosshairs. While gold may be thanking China, this sector is currently thanking Elon Musk…
As crazy as it sounds, artificial intelligence just got one step closer to ushering in “the next step in human evolution”… and minting new millionaires.
And it’s all thanks to Musk’s latest AI creation.
Click here to learn more about this strange, new device and the sector it’s going to be a catalyst for. | | | Shaking the Rust Off Partly, the Rust Belt’s revitalization through high-tech industries is taking place organically, due to basic economic considerations like the cost of land, labor, and transportation.
However, government policy is also contributing to the transformation of the area. Two years ago, for example, Intel Corp. (INTC) announced it would be making the single largest private-sector investment in Ohio history.
The semiconductor company is spending $28 billion to build state-of-the-art foundries on a 1,000-acre site in Licking County, in the suburbs east of Columbus.
The company hopes its massive investment in Ohio will help create what it calls a “Silicon Heartland” that will establish a new regional economic cluster for U.S. chipmaking and become an epicenter of leading-edge technology. A Trend Worth Watching Like Intel, a growing number of technology and companies putting down roots in the Upper Midwest.
This new boom is already underway. Economic growth in Michigan and Illinois has outpaced overall U.S. growth during the last two years.
This insight points to a trend that bears watching…
If the Rust Belt revival continues to gain traction, it could provide a healthy tailwind to the U.S. companies operating in the region… including those in the emerging AI industry in the Midwest.
Now, as investors, capitalizing on this trend is not particularly easy… or obvious.
However, I’ve identified one sector that sits at the nexus of AI and the Rust Belt Renaissance… and the one company that I believe will be the next trillion-dollar AI company.
We’ll go over all the details on that sector during my special strategy session, The Next $1 Trillion AI Stock, scheduled for tomorrow, May 21, at 7 p.m. Eastern time. And we’ll explore how we can make 40 years of Nvidia-type gains on that stock in just months.
At this event, I’ll also share more details about which types of companies I believe will lead the next phase of this AI boom, as well as the name of an AI stock that I believe could double your money during this next phase.
So, to automatically sign up for my The Next $1 Trillion AI Stock special event, click here.
Regards, |  | | Eric Fry
Editor, Smart Money | | | | |
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