5 Stocks ChatGPT Said Will Make Me Rich in 10 Years

In this article, we will be taking a look at the 5 stocks ChatGPT said will make me rich in 10 years. To read our detailed analysis of generative AI and its application in the field of investing, you can go directly to see the 10 Stocks ChatGPT Said Will Make Me Rich in 10 Years.

5. Berkshire Hathaway Inc. (NYSE:BRK.A)

Number of Hedge Fund Holders: 109

Returns Since March 16: 19.8%

Berkshire Hathaway Inc. (NYSE:BRK.A) is a financial company operating in the insurance, utility, and freight rail transportation businesses.

UBS analyst Brian Meredith maintains a Buy rating and a $621,591 price target on Berkshire Hathaway Inc. (NYSE:BRK.A) shares as of August 7.

In the second quarter, 109 hedge funds were long Berkshire Hathaway Inc. (NYSE:BRK.A), with a total stake value of $15.5 billion.

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 204

Returns Since March 16: 28.3%

Mark Mahaney at Evercore ISI maintains an Outperform rating and a $160 price target on Alphabet Inc. (NASDAQ:GOOGL) shares as of July 26.

Alphabet Inc. (NASDAQ:GOOGL) is another big tech company on our list. It offers Google products like the Android software, Google Chrome, Gmail, and more.

We saw 204 hedge funds long Alphabet Inc. (NASDAQ:GOOGL) in the second quarter, with a total stake value of $17.3 billion.

This is what Weitz Investment Management said about Alphabet Inc. (NASDAQ:GOOGL) in its second-quarter 2023 investor letter:

“The year-to-date’s top contributors Microsoft Corp. (MSFT) and Google parent Alphabet Inc. (NASDAQ:GOOG) (also a top quarterly contributor) have generated an enormous volume of AI-centric headlines. Both are at the vanguard of introducing AI-powered technologies into consumer-facing products, most notably their respective search engine. We trimmed several of the year’s winners on strength, including Meta, Microsoft, Alphabet, CoStar Group, Inc. (CSGP), and CarMax.”

3. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 278

Returns Since March 16: 35.01%

Amazon.com, Inc. (NASDAQ:AMZN) was seen in the portfolios of 278 hedge funds in the second quarter. Their total stake value was $34.9 billion.

Based in Seattle, Washington, Amazon.com, Inc. (NASDAQ:AMZN) is an e-commerce and broad-line retail company. It engages in the retail sale of consumer products and subscriptions.

On August 11, Redburn Partners’ Alex Haissl maintained a Buy rating and a $230 price target on Amazon.com, Inc. (NASDAQ:AMZN) shares.

VGI Partners Global Investments Limited said the following about Amazon.com, Inc. (NASDAQ:AMZN) in its second-quarter 2023 investor letter:

“We continue to see upside to Amazon.com, Inc. (NASDAQ:AMZN)’s two core businesses – Amazon Web Services (AWS) and retail/ecommerce. Whilst Microsoft and ChatGPT have captured the imagination of investors looking for AI exposure, the AI business at AWS is extremely well positioned to increase sales through its combination of software infrastructure products, proprietary training and inference chips (an alternative to NVIDIA). AWS is also developing large language models which are only beginning to be appreciated by the investment community.

In addition, we see significant room for Amazon’s retail business to surprise to the upside through margin expansion. After a period of massive capacity expansion and transport infrastructure investment, Amazon has rationalised its North American retail footprint and we believe it will reap the margin benefit of this over the coming years.”

2. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 225

Returns Since March 16: 43.6%

Meta Platforms, Inc. (NASDAQ:META) is a communication services company. It is based in Menlo Park, California.

Meta Platforms, Inc. (NASDAQ:META) had 225 hedge funds long its stock in the second quarter, with a total stake value of $30.9 billion.

Joseph Bonner at Argus Research maintains a Buy rating and a $375 price target on Meta Platforms, Inc. (NASDAQ:META) shares as of August 1.

Here’s what Weitz Investment Management said about Meta Platforms, Inc. (NASDAQ:META) in its second-quarter 2023 investor letter:

“Meta Platforms, Inc. (NASDAQ:META) shares more than doubled this year (and tripled off their November 2021 low) as management’s austerity measures bolstered profitability, and operating results demonstrated that Meta’s advertising business is regaining momentum. We trimmed several of the year’s winners on strength, including Meta, Microsoft, Alphabet, CoStar Group, Inc. (CSGP), and CarMax.”

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 175

Returns Since March 16: 70.3%

Raymond James analyst Chris Caso holds a Strong Buy rating and a $500 price target on NVIDIA Corporation (NASDAQ:NVDA) shares as of August 16.

In total, 175 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA) in the second quarter. Their total stake value was $25.9 billion.

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor company, most notably known for its AI chips and their application in generative AI. It is based in Santa Clara, California.

Polen Capital said the following about NVIDIA Corporation (NASDAQ:NVDA) in its second-quarter 2023 investor letter:

NVIDIA Corporation (NASDAQ:NVDA) was the largest relative headwind to the Portfolio as we do not own this “AI darling.” NVIDIA shares rose more than 50% in the second quarter alone, following a 90% increase in the share price in the first quarter of 2023. NVIDIA supplies GPUs (graphics processing units), the preferred (often necessary) semiconductors for machine learning and AI. On their recent earnings call, NVIDIA management announced that they expect a significant increase in demand for the GPUs for datacenter customers beginning this quarter and lasting at least through the end of this year. NVIDIA’s datacenter business, which was almost non-existent from a revenue perspective eight years ago, is now the company’s largest and fastest-growing business.

We find NVIDIA’s competitive advantages to be quite large around its technology, but even more importantly around its full-stack solutions, including highly integrated hardware, software, and networking equipment and a robust developer ecosystem. It would be difficult to disrupt these competitive advantages in our view. That said, with a greater than $1 trillion valuation on the back of what feels like peak-level AI exuberance since OpenAI’s breakthrough with ChatGPT, we believe virtually all the upside opportunities we can currently see for the company are already priced in…” (Click here to read the full text)

See also 11 Most Popular ChatGPT Apps for Smartphones and Top 10 AI Tools Cooler Than ChatGPT.