Tech Bull Gene Munster Maintains AI Will Have 'Bigger Impact' On Humanity And Investing Than Internet

Despite Nvidia's Market Cap Drop, Munster Believes AI Will Drive Growth

Gene Munster, a managing partner at venture capital firm Loup Ventures, recently stated that he believes artificial intelligence (AI) will have a more significant impact on humanity and investing than the internet.

Munster made these comments during a recent interview with CNBC, in which he discussed the recent decline in Nvidia's market capitalization. Nvidia's market cap has fallen by nearly $300 billion in recent months, dragging the Nasdaq down by over 3%.

Munster's Reasoning

Munster believes that AI will have a broader impact than the internet because it has the potential to revolutionize many different industries, including healthcare, transportation, and manufacturing.

He also believes that AI will create new investment opportunities, as companies develop new AI-powered products and services.

Impact on Investing

Munster's comments are significant because they suggest that investors should consider increasing their exposure to AI-related companies.

There are a number of ways to do this, such as investing in AI-focused exchange-traded funds (ETFs) or individual AI companies.

Conclusion

While the recent decline in Nvidia's market capitalization is a concern, Munster's comments suggest that the long-term outlook for AI remains strong.

Investors who are looking for long-term growth opportunities should consider increasing their exposure to AI-related companies.