Promising Investment Themes Can Get Overhyped. Here’s How to Tell.

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We’re halfway through 2023, and investors scanning the list of top-performing stocks so far this year will find many tech names with a connection to artificial intelligence. Nvidia (ticker: NVDA) ranks as the best performer on both the S&P 500 and the Nasdaq. Do its chips really enable the kind of technology advance that will reshape the economy?

We concluded yes in our recent Guide to Wealth, “We’ve Seen the Future. Here’s How to Invest,” which covered AI as well as other themes with staying power, including India’s rise,…

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