ChatGPT is making waves, and the world is taking notice! It’s like the start of an AI revolution that’s set to shake up everything from business and finance to education, healthcare, and industry. Investors with their fingers on the pulse are itching to ride the AI tech wave. Now, you can’t directly throw cash at ChatGPT or its parent, OpenAI, but there are other ways to get a piece of the AI action. In this article, we explore three stock options that may help investors get a slice of the AI pie, and learn how savvy investors are leveraging AI tech to gain an immediate edge in trading financial markets. Read about the best AI stocks of 2023 here.
Since 2019, Microsoft has forged a strong alliance with OpenAI, investing billions to push AI innovation to new heights. In 2023, following the launch of ChatGPT, they doubled down on the partnership with an extra $10 billion, showing they’re all in on an AI-driven future.
This mega partnership is not just about making strides in AI tech and ethics; it’s also a power move that boosts Microsoft’s standing in the market. It supercharges their already stellar cloud service, Azure, making it a go-to for cutting-edge, inclusive AI development.
Azure is killing it in blending AI with cloud computing, offering a treasure trove of tools and services for both the AI pros businesses new to the scene. At the heart of it all, Azure Machine Learning makes developing and deploying machine learning models a breeze, smoothing out the journey from the drawing board to real-world use.
Microsoft stock has been on a steady climb in 2023 and shows no signs of slowing. They have committed to pushing the future of AI forward, and yet they do not have all their eggs in one basket. Due to their involvement in research and development of AI tech and their diversified approach, Microsoft represents a more stable bet on AI companies on the scene. Investors should be eyeing the market keenly looking for a good entry.
Investing in Nvidia is a solid bet for anyone trying to get an early piece of the booming AI tech market. They are a major player in the AI game, cranking out Graphics Processing Units (GPUs) that are essential for running deep learning and AI applications. These powerful GPUs are the workhorses of the tech, efficiently processing huge volumes of data, a task critical to the development of an AI-driven future.
Nvidia isn’t just sitting pretty; they’re constantly pushing the envelope with ongoing research and development, placing themselves at the cutting edge of AI innovation. They’ve broadened their horizons, rolling out products and solutions that are all about AI, and these are making waves in various sectors like self-driving cars, healthcare, and smart cities. Plus, with Nvidia joining forces with other big names in the industry, their influence in the AI world is only getting stronger.
Nvidia’s has been a rampage this year and is clearly a top dog in the AI space. Their financials are healthy, they’ve nailed down impressive partnerships, including a huge deal with Google, and there is huge excitement around their AI super chip, the GH200, which will be released in 2024. If you’re eyeing a future where AI is king, throwing some Nvidia stocks into the mix is a no-brainer.
ChatGPT’s debut shook things up in the tech world, notably impacting the stock value of Alphabet (Google’s parent company). Many investors think ChatGPT’s unique ability to provide direct answers to users will steal a chunk of Google’s existing user base. And get this: Bing is planning to integrate ChatGPT into its search functions, a move that could potentially revolutionize the way users search and access online information.
Now, here’s where Perion Network struts onto the stage. These guys are tight with Bing on the search advertising front, making them a hot pick for anyone looking to invest in AI tech. Perion’s CodeFuel platform is the secret sauce that amps up ad optimization and conversions for Bing. A good slice of Perion’s cash flow comes from this Bing collab, so if Bing’s market share ticks up even a smidge, Perion’s annual revenue could get a substantial boost. Microsoft’s money guru, Amy Hood, even dropped some hints about this recently (wink, wink).
But to be clear, no investment is a sure bet. There’s always a chance that Microsoft breaks off their relationship with Perion. But with CodeFuel snagging the title of Microsoft’s ad supply partner of the year, it seems like their business romance is still going strong. So, for those looking to ride the AI tech wave, tossing some capital in Perion stocks might be a smart move.
If you’re the type who likes to spice up your portfolio with some high-risk action, throwing some money into AI tech stocks might be your jam. But let’s keep it real: the whole AI revolution, changing the way we learn, work, and chat, is gonna be a slow burn, and your returns will probably play the same waiting game. While chasing juicy AI windfall, investors should play it smart and consider how much capital they want to tie up in AI stocks that may take time to mature. Plus, let’s not forget, not all AI companies will survive as the cutthroat AI market heats up over the coming years. This is not such a concern for bigger, diversified companies like Nvidia and Microsoft, but smaller ones betting the family farm solely on AI are riskier bets for investors.
Savvy investors, aiming to hedge against the opportunity cost of investing in AI stocks, are leveraging AI tech to secure an immediate edge in the trading arena. Slick, automated AI algorithms — once the exclusive arsenal of institutional sharks — are now accessible to everyday traders hustling in the financial markets. Early adopters wielding this formidable AI firepower can finally fight back against the predatory tactics of market makers. But, be warned: there will still be casualties of war. Unsuspecting traders yet to discover this new form of power will undoubtedly be destroyed as the market evolves and competition intensifies.
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Venturing into the world of automated AI trading might seem daunting, but here’s the deal: if you are using AI to gain an edge in the market, you will lose to someone who is. That’s the cold reality.
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