Investing in AI

By Mike Switzer

Published March 12, 2024 at 6:30 AM EDT

Artificial Intelligence or AI seems to be everywhere in the news these days, including the stock market. AI appears to have the potential to drive innovation, improve productivity, and tackle pressing global challenges and may be one of the most transformative technologies of the 21st century. But is it a good place to invest? While it has great promise, it also comes with great uncertainty. So should AI be part of your portfolio? Mike Switzer interviews Rob DeHollander, a certified financial planner in Greenville, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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