Comstock Inc. (AMEX:LODE) Q2 2024 Earnings Call Transcript August 9, 2024
Trevor Brucato: Ladies and gentlemen, welcome to Comstock’s Second Quarter 2024 Results and Business Update. This is Trevor Brucato with RB Milestone Group. Comstock’s U.S. based Investor Relations firm. Comstock is listed on the NYSE American under the symbol, LODE. Joining us today is the company’s Executive Chairman and CEO, Corrado De Gasperis; and it’s COO William McCarthy. At the end of the prepared remarks,...
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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
Do the math. According to Musk, this technology could be worth $250 trillion by 2040.
Put another way, that’s roughly equal to:
And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.
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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.
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