Home AI Money Market AI Investing Best AI Boom Stocks to Buy: According to ChatGPT

Best AI Boom Stocks to Buy: According to ChatGPT

Best AI Boom Stocks to Buy: According to ChatGPT

So like me, you probably missed the big NVIDIA rally this year.  There’s a ton of speculation about what the next big AI boom stock will be.  Obviously some of the big winners may be companies like AMD, NVIDIA’s biggest GPU competitor.  Or maybe even Intel, as they have the infrastructure to quickly transition into making AI dedicated chips very quickly (which they’re already doing).

I however, decided to ask ChatGPT‘s very own big-brain what it thinks the next AI boom stocks will be.  Here’s what I asked it:

An AI tech boom is starting in the stock markets (because of you ChatGPT). The obvious big stock winners are NVIDIA and AME since they make the GPUs necessary to run AI. What other companies/stocks do you foresee turning exceptional profits from this AI technology boom?

ChatGPT’s Answer of the Next AI Boom Stocks

There could be numerous beneficiaries from a general AI tech boom, including but not limited to:

  1. Cloud Service Providers: Major cloud providers such as Amazon (AMZN), Microsoft (MSFT), and Google (GOOG, GOOGL) will likely benefit. Their cloud platforms (AWS, Azure, and Google Cloud, respectively) provide services for running and scaling AI workloads. AI and machine learning services are increasingly a competitive differentiator among these cloud platforms.
  2. Chip Designers: Besides NVIDIA (NVDA), other AI chip designers such as Intel (INTC), Advanced Micro Devices (AMD), and Qualcomm (QCOM) could benefit. Their chips are used in servers that process AI workloads, as well as in edge devices that incorporate AI. A boom in AI could accelerate the trend towards specialized AI chips, benefitting companies like Graphcore and Cerebras Systems as well.
  3. Enterprise Software: Companies offering AI-driven enterprise software could also benefit. Salesforce (CRM), Adobe (ADBE), and IBM (IBM) offer AI-enhanced products and services, as do smaller firms like Palantir (PLTR).
  4. Robotics and Automation: Companies in the robotics and automation space could benefit from advances in AI. This could include industrial automation companies like Rockwell Automation (ROK) and Fanuc, as well as consumer-oriented robotics companies like iRobot (IRBT).
  5. AI Specialists: Companies that specialize in AI services, such as OpenAI, could benefit directly from an AI boom. While OpenAI is not publicly traded, there could be similar firms that are.
  6. Telecommunication Companies: As AI applications become more ubiquitous, demand for data and bandwidth could increase, potentially benefiting telecom companies like AT&T (T), Verizon (VZ), and T-Mobile (TMUS).
  7. Data Center REITs: Real Estate Investment Trusts that focus on data centers, such as Digital Realty (DLR) and Equinix (EQIX), might also benefit from increased demand for data processing and storage.

Please note that investing in stocks always carries risk, and it’s important to do your own research and consider consulting with a financial advisor before making investment decisions.

another stock chart showing bumpy growth with green and red bars

You can read the conversation directly at this link:

ChatGPT Boom Stocks Chat (Ignore my typos, ChatGPT certainly did).



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