Photo by Steve Johnson on Unsplash
 

If you think the AI revolution is over, you should know that insiders at many AI firms have been loading up on shares -- and they’re not selling, either.

One of the key metrics we track are insider purchases. Insiders might sell shares in their company for any number of reasons, but they only buy for one reason: they expect shares to go much higher in the coming weeks and months.

Consider Coreweave (CRWV). Director Glenn Hutchins bought ~$20 million in the company’s shares in early May. Suffice to say, he’s done quite well off this trade. And SEC filings reveal he hasn’t sold a share since.
 

Do you think he believes the AI revolution is over?

What about Palantir (PLTR)? Director Heather Planishek bought over $1 million worth of Palantir stock on May 8. Here again, a major insider has made a bundle off a carefully timed purchase.
 

And then there’s RobinHood Markets (HOOD), which uses AI in its interface to help users navigate the app easily. On June 17, Director Christopher Payne bought ~$2 million worth of RobinHood stock. And here again, this high-level insider has made a bundle -- and is keeping every share.

My point here is that corporate insiders, the people who know more about their companies’ businesses than anyone are betting big on their firms’ futures. These are just three examples of high-level insiders opening major stakes in their companies. Do you think they’d be doing this if the AI bubble was ending soon?

I don’t. So, if you missed out on the first wave of the AI revolution (the introduction of LLMs) don’t worry, there’s still plenty of opportunities to leverage the impact of AI towards profitable investing.

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