2023 was supposed to be a rough year for stocks, especially Technology, and then Chat GPT unleashed the Artificial Intelligence boom we had read about, heard about, and even seen in movies.

Science Fiction no more, it electrified the key players, but one was caught flat-footed.

Despite the largest army of engineers, Alphabet (GOOG/L) was caught off guard.

The company rushed a version of generative AI with “Bard,” which was greeted with barbs and snickers.

But as of today, that has all changed with the introduction of Gemini.

Already, the industry is ablaze with excitement and Wired is heralding today as the real start of the generative AI boom.

Introduce

We celebrate today, but what about tomorrow? AI engineers think there is a 40% chance AI destroys the world. 

Communication Services are leading the way.

There are other big winners today outside of Technology and Communication Services – all have been beaten down – so there is some sifting through the ashes going on.