If Wayne Gretzky, the legendary hockey player, earned a quarter every time his famous saying was mentioned, he would likely be wealthier than he was in his entire athletic career. This well-known quote states: “I anticipate where the puck will be, not where it has been.”
Even though Gretzky’s words are now overused, they still offer valuable guidance for investors. Focusing on the future is far more beneficial than dwelling on the past.
Predicting the future of investing and identifying technologies that have the potential to make millionaires can be more straightforward than people realize. In my opinion, these four upcoming technologies are expected to generate significant wealth, and I have highlighted the best stocks to invest in to capitalize on them.
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1. AGI, which stands for Artificial General Intelligence
Significant advancements have been achieved in the field of artificial intelligence (AI) in the past few years. However, the potential future developments could render current chatbots as outdated and basic. Numerous experts anticipate this shift. General artificial intelligence (AGI) Some believe that it will be accomplished by the end of this decade, while others predict it will take many more decades.
There are various interpretations of AGI, but the majority emphasize artificial intelligence that possesses intelligence comparable to humans and the capability to self-educate. AGI has the capacity to revolutionize businesses across all sectors and fields.
Numerous major technology companies are currently in a race to create AGI. It is uncertain which company will be the first to succeed or emerge as the most successful. Nonetheless, I believe that one company will greatly benefit from AGI in almost any situation. Nvidia ( NVDA 1.67% ) .
Nvidia’s processing units specialized in handling graphics Nvidia is considered the leading choice for fueling AI applications at present. The company’s significant focus on research and development is expected to maintain its position at the forefront. Advanced General Intelligence (AGI) is anticipated to demand more robust computing capabilities compared to existing AI models. Nvidia is poised to experience a substantial increase in revenue and profits once this technology is introduced.
Cell therapy using islet cells.
Islet cell therapy is a procedure where islet cells are taken from a pancreas and transplanted into the liver of a patient. These transplanted cells are capable of producing insulin, which helps in controlling the levels of sugar in the blood. This treatment has the ability to potentially cure type 1 diabetes.
Vertex Pharmaceuticals is a biopharmaceutical company. ( VRTX 0.82% ) The top company in the field is focused on finding a treatment for Type 1 Diabetes (T1D) through the use of islet cell therapy. Within its research and development projects, the company is currently studying two T1D programs, VX-880 and VX-264, in phase 1/2 clinical trials.
Initial tests conducted by Vertex have shown that VX-880 has great potential in treating T1D. VX-264 is even more encouraging because it does not need immunosuppressants like VX-880 does.
In North America and Europe, approximately 3.8 million individuals are affected by T1D. The development of a cure for this condition is expected to result in substantial revenue generation. Meanwhile, Vertex is well-positioned for significant growth through its cystic fibrosis franchise, gene-editing therapy Casgevy, and non-opioid pain medication suzetrigine, which is anticipated to receive approval in the United States by January 30, 2025.
3. Computing using quantum mechanics
Quantum mechanics can be mind-boggling. Small particles have the ability to be in several states simultaneously and to be linked (or entangled) with other particles, even when they are a great distance apart. Nonetheless, it is also fundamental to computing based on quantum-mechanical phenomena , a novel form of computing that is much more potent than existing computers.
Numerous companies are racing to create quantum computers. Alphabet ‘s ( GOOG -2.35% ) ( GOOGL -2.31% ) At the current moment, Google is considered to be in a leading position. The company has established six important milestones in its quantum computing plan and has successfully reached two of them.
By the end of the current decade, Google is confident that it can create a functional quantum computer that is capable of correcting errors. The potential applications of quantum computing are vast, such as revolutionizing the process of drug discovery, creating innovative materials, simulating climate patterns, and enhancing artificial intelligence technologies.
6G wireless networks refer to the sixth generation of mobile network technology.
5G wireless networks have greatly enhanced bandwidth when compared to earlier wireless technologies. Nevertheless, the upcoming focus will be on 6G. This upcoming wireless technology generation will be capable of facilitating data transfers of up to 1 terabit per second, which is a hundred times faster than 5G networks.
The introduction of 6G technology is expected to create a range of new possibilities, such as enabling holographic communications and enhancing the realism of augmented reality and virtual reality experiences. It is anticipated that numerous companies will see advantages from the implementation of 6G technology. Apple ( AAPL 0.20% ) Will be one of the major beneficiaries.
The arrival of 6G technology is likely to start a significant wave of iPhone upgrades, leading to a surge in Apple’s revenue and profits as more customers embrace the company’s services.
The availability of 6G is anticipated to have a widespread commercial release by 2030. Even though this is a few years ahead, Apple has already introduced Apple Intelligence, which includes new features. generative AI characteristics that could drive development in the interim.
