Thursday, April 20, 2023

ChatGPT just shared its first stock picks

Welcome,

Since it launched in 2022, the chatbot ChatGPT has garnered attention and intrigue. 

Content providers wonder if their days are numbered. 

Google put their company on red alert.  

Students are rejoicing at a new tool to “prepare” tedious essays (no, really, they are).  

But as I write this, we don’t know what ChatGPT will or won’t be.  

We know that ChatGPT has put artificial intelligence (AI) back on the front burner of investors’ minds. If, indeed, it ever left.  

That means that now is a great time to consider AI stocks for your portfolio. 

But wait, you’re saying...are you crazy? Inflation is still stubbornly high. The Fed shows no sign that they will lower or even stop raising interest rates. 

Almost every economist is calling for a recession. The only question is how long and how severe it will be.  

But consider these statistics. Companies continue to invest billions into a market that is already worth hundreds of billions, and analysts say that by the end of 2030, this market will be valued at $1.6 trillion.  

The reality is that AI is seeping into virtually every area of our life, and companies want their piece of that market. Which means so will institutional investors.  

That’s why you should consider investing in one of the many companies leading the way in this sector. The tech sector can be volatile, but when you are looking at growth stocks to buy as long-term investments, artificial intelligence is a solid place to look.

Many of the stocks in this presentation are names that many investors associate with being the best-in-class among technology stocks.

View the 7 Artificial Intelligence Stocks That are Great Long-Term Buys

Matthew Paulson
MarketBeat.com


 
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