5 Best Stocks To Buy According to AI

1. Nvidia Corp (NASDAQ:NVDA)

Stock Performance Since ChatGPT Recommended The Stock Last Year: +290%

On March 16, 2023, Insider Monkey its experiment with ChatGPT in which its researchers asked the LLM to recommend stocks that would make one rich. Nvidia Corp (NASDAQ:NVDA) was among the stocks recommended by ChatGPT. At that time Nvidia Corp (NASDAQ:NVDA) was trading at around $230, while the stock price has reached $898 today. This shows a massive 290% increase.

As of the end of the fourth quarter of 2023, 173 hedge funds tracked by Insider Monkey had stakes in Nvidia Corp (NASDAQ:NVDA).

Orbis Global Equity Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its fourth quarter 2023 investor letter:

“Never before has following the crowd made so much money. Nor, in our estimation, so little sense. But just look at the opportunities the crowd has left for those of us willing to take a different view. We could wax lyrical about the glaring difference in value between Korean banks priced at 4 times earnings, versus Apple at 28 times, despite diverging fundamentals—Apple is increasingly at risk of bans in China, while Korean banks could double their dividends.

Or how the thick margin of safety at Intel, backed by listed stakes and real saleable assets, compares to the slim margin for error at NVIDIA Corporation (NASDAQ:NVDA), trading at 13 times next year’s projected revenue. That revenue that could be competed away over time, while Intel’s semiconductor “fabs” in the US are increasingly valuable as the east and the west drift further apart.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the 16 Richest Hedge Fund Managers in the World and the 13 Cash-Rich Dividend Stocks To Buy Now.