AI Stocks & ETFs Surge Amid ChatGPT Frenzy

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Artificial Intelligence stocks have been surging on the back of the hype surrounding ChatGPT, the viral AI chatbot that reached 100 million users in just two months.

Microsoft (MSFT - Free Report) is making a multiyear, multibillion-dollar investment in OpenAI, the creator of ChatGPT. CEO Satya Nadella told CNBC that AI is the biggest thing to happen to the company in the nine years since he took over.

Alphabet (GOOGL - Free Report), which currently controls 93% of the search market, scrambled to roll out its AI chatbot BARD. However, its stock plunged as the chatbot showed an inaccurate response to a search query.

AI war among tech giants is heating up as generative technologies capture investors’ attention.

Mentions of AI, machine learning, and related terms surged in the recent earnings calls of the biggest software and semiconductor companies, per Bloomberg analysis.

There are not many publicly traded, pure-play AI stocks. (BBAI - Free Report), SoundHound AI (SOUN - Free Report), and (AI - Free Report) have surged more than 500%, 200%, and 100% respectively year-to-date as investors are piling into these small-cap stocks.

ETFs offer a safer way to invest in companies contributing to the development and deployment of AI technologies. NVIDIA (NVDA - Free Report), Tesla (TSLA - Free Report), and Alibaba (BABA - Free Report) are among the top holdings in these ETFs along with many lesser-known companies.

To learn more about the Global X Robotics & Artificial Intelligence ETF (BOTZ - Free Report), the iShares Robotics and Artificial Intelligence Multisector ETF (IRBO - Free Report), the ARK Autonomous Technology & Robotics ETF (ARKQ - Free Report), and other AI-focused ETFs, please watch the short video above.

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