![]() On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. That makes it “the fastest-growing consumer application in history, according to a UBS study.” But the company reached 100 million monthly active users just two months after launch. Let’s also not forget the power of first-mover advantage.Īdmittedly, ChatGPT may have been the first platform to hit it big and that may not last. That said, Microsoft can leverage AI in its search and browser platforms, while incorporating it into its Enterprise and Windows offerings. Given that Alphabet owns the top two websites in the world with Google and YouTube, I don’t expect Microsoft to knock them off the top spot. It’s still so early in the AI race that it’s not clear how it will all pan out.įor instance, Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL) is bound to build and leverage AI via its Bard product, and utilize it across Gmail, Chrome, Google and other platforms. That’s as ChatGPT has completely taken off. Microsoft had invested in OpenAI before, but made a massive multi-billion investment earlier this year. However, even though the stock continues to trade well, the talk of AI seems to center less and less around Microsoft. That could create short-term risk, but should also create a long-term opportunity.īecause of its investment in ChatGPT parent company OpenAI, Microsoft (NASDAQ: MSFT) was the early leader in the AI gold rush. There has been some denial about certain aspects of these two working together on a chip, but regardless, I think AMD will eventually produce AI chips. However, the post-earnings dip was short-lived, because soon after, rumors were floated that the firm was working with Microsoft (NASDAQ: MSFT) to build AI chips. ![]() For AMD though, guidance was disappointing and shares fell 10%. ![]() When Nvidia reported earnings, shares exploded higher as the firm’s quarterly outlook was well above what anyone had expected. On the one hand, I believe that since AMD and Nvidia were, more or less, in a two-horse race to begin with, that AMD will eventually join the AI chip race with Nvidia. Among that group has been Advanced Micro Devices (NASDAQ: AMD).ĪMD has quickly turned into one of the top AI stocks, but there is a balance of risk and reward here. However, other semiconductor firms have also been riding the wave. Nvidia has been the clear leader in the rush for AI gold stocks. ![]()
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