5 Stocks ChatGPT Says Will Make Me Rich in 10 Years

In this article, we will be taking a look at 5 stocks ChatGPT says can make you rich in 10 years. To read our detailed analysis of ChatGPT and developments in artificial intelligence, you can go directly to see the 10 Stocks ChatGPT Says Will Make Me Rich in 10 Years.

5. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 177

Visa Inc. (NYSE:V) is a payments technology company. It is based in San Francisco, California.

Trevor Williams at Jefferies holds a Buy rating on Visa Inc. (NYSE:V) shares as of March 3.

Shares of Visa Inc. (NYSE:V) have risen by 5.43% year-to-date as of March 15. The average price target on the stock on Wall Street is $261.29, with a high forecast of $293. Analysts see an upside potential of 19.5% on the shares.

A total of 177 hedge funds were long Visa Inc. (NYSE:V) in the fourth quarter, with a total stake value of $26.5 billion.

Baron Funds, an investment management company, mentioned Visa Inc. (NYSE:V) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“Shares of global payment network Visa Inc. (NYSE:V) increased after reporting strong quarterly results, with 19% growth in revenue and EPS despite currency headwinds and the suspension of operations in Russia. Payment volume grew 16% in local currency (excluding Russia and China) with notable strength in cross-border volumes driven by rebounding international travel. Management also provided encouraging guidance for the next fiscal year. We continue to own the stock due to Visa’s long runway for growth and significant competitive advantages.”

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

Number of Hedge Fund Holders: 194

Meta Platforms, Inc. (NASDAQ:META) is the communication services company behind social media platforms such as Facebook and Instagram. The company is based in Menlo Park, California.

BofA’s Justin Post holds a Buy rating on Meta Platforms, Inc. (NASDAQ:META) shares as of March 14.

Meta Platforms, Inc. (NASDAQ:META) expects to generate revenues between $26 billion to $28.5 billion in the first quarter of 2023. The company’s shares have risen by 55.54% year-to-date as of March 15. Analysts on Wall Street see an upside potential of 13.73% on the stock.

Meta Platforms, Inc. (NASDAQ:META) was found among the 13F holdings of 194 hedge funds in the fourth quarter. Their total stake value was $15.6 billion.

Weitz Investment Management, an investment management firm,  mentioned Meta Platforms, Inc. (NASDAQ:META) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“Unfortunately, the performance story of the year is told by the Fund’s detractors. We’ve written at length in prior quarters about Meta Platforms, Inc. (NASDAQ:META)’s struggles to adapt both to changes in Apple’s iOS platform, as well as pivots to new formats like short-form video (Reels) and platform investments in the metaverse that have dragged shares lower all year.

Meta, Alphabet, Amazon and CarMax were all top detractors for the quarter and calendar year periods (FIS and Liberty Broadband, respectively, complete the quarterly and calendar-year detractor lists.) To varying degrees, each is managing through cyclical challenges during a period of substantial investor pessimism. Drawdowns of this magnitude are painful, and it may be prudent for management to moderate the pace of some investments, but we remain encouraged by their long-term focus. In the short run, cutting spending indiscriminately to “defend earnings” may lessen the pain of a drawdown, but it seldom grows a company’s business value — the ultimate prize. We added to both CarMax and Meta on weakness, and all four remain core holdings.”

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 209

Alphabet Inc. (NASDAQ:GOOGL) is another communication services company on our list, offering products and platforms such as Android software, Chrome explorer, and more. The company is based in Mountain View, California.

As of February 10, Jefferies’ analyst Brent Thill holds a Buy rating on Alphabet Inc. (NASDAQ:GOOGL) shares.

Alphabet Inc. (NASDAQ:GOOGL) shares have risen by 5.44% year-to-date as of March 15. The company had about $113 billion in cash and short-term investments as of this March. Analysts see an upside potential of 37.7% on the shares.

Out of the 943 hedge funds tracked in the fourth quarter, 209 funds were long Alphabet Inc. (NASDAQ:GOOGL), with a total stake value of $18.9 billion.

Weitz Investment Management, an investment management firm, mentioned Alphabet Inc. (NASDAQ:GOOGL) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“Unfortunately, the performance story of the year is told by the Fund’s detractors. Now, weakening ad spending across all channels has added insult to injury, and concerns have spread to the other dominant digital ad player, Alphabet Inc. (NASDAQ:GOOG) — parent of Google and YouTube.

Meta, Alphabet, Amazon and CarMax were all top detractors for the quarter and calendar year periods (FIS and Liberty Broadband, respectively, complete the quarterly and calendar-year detractor lists.) To varying degrees, each is managing through cyclical challenges during a period of substantial investor pessimism. Drawdowns of this magnitude are painful, and it may be prudent for management to moderate the pace of some investments, but we remain encouraged by their long-term focus. In the short run, cutting spending indiscriminately to “defend earnings” may lessen the pain of a drawdown, but it seldom grows a company’s business value — the ultimate prize.”

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

Number of Hedge Fund Holders: 240

Amazon.com, Inc. (NASDAQ:AMZN) is a consumer discretionary company engaged in the retail sale of consumer products and subscriptions through online and physical stores. The company is based in Seattle, Washington.

Rob Sanderson at Loop Capital holds a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) shares as of February 14.

Wall Street analysts have an average price target of $137.05 on Amazon.com, Inc. (NASDAQ:AMZN) shares, with a high forecast of $192. They see an upside potential of 44.45% on the shares. The stock has also risen by 10.56% year-to-date as of March 15.

Our hedge fund data shows 240 funds long Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter. Their total stake value was $27.5 billion.

Weitz Investment Management, an investment management firm, mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“Amazon.com, Inc. (NASDAQ:AMZN), perhaps the ultimate “COVID beneficiary,” has seen its shares dip below pre-pandemic levels as investors brace for a potential recession’s impact both on retail spending as well as slowing adoption of Amazon’s cloud infrastructure service, Amazon Web Services.

Meta, Alphabet, Amazon and CarMax were all top detractors for the quarter and calendar year periods (FIS and Liberty Broadband, respectively, complete the quarterly and calendar-year detractor lists.) To varying degrees, each is managing through cyclical challenges during a period of substantial investor pessimism. Drawdowns of this magnitude are painful, and it may be prudent for management to moderate the pace of some investments, but we remain encouraged by their long-term focus. In the short run, cutting spending indiscriminately to “defend earnings” may lessen the pain of a drawdown, but it seldom grows a company’s business value — the ultimate prize.”

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 259

Microsoft Corporation (NASDAQ:MSFT) is an information technology company based in Redmond, Washington. The company offers products such as Microsoft Office, Teams, Skype, and more.

An Outperform rating was reiterated on Microsoft Corporation (NASDAQ:MSFT) shares on February 24 by Wedbush analyst Daniel Ives.

Microsoft Corporation (NASDAQ:MSFT) generated revenues of $52.75 million in the fiscal second quarter of 2023, representing a year-over-year growth of 1.97%. The company’s shares have risen by 8.85% year-to-date, and analysts see an upside potential of 11.99% on the stock.

There were 259 hedge funds long Microsoft Corporation (NASDAQ:MSFT) in the fourth quarter, with a total stake value of $58.7 billion.

Baron Funds, an investment management company, mentioned Microsoft Corporation (NASDAQ:MSFT) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“Shares of mega-cap software company Microsoft Corporation (NASDAQ:MSFT) outperformed despite a mixed fiscal first quarter due to macro challenges that negatively impacted results and guidance, including foreign exchange headwinds, weakening PC demand, and a cyclical slowdown in advertising spending. Total revenue beat Street expectations at 16% constant-currency growth (vs. estimates of 14%), but its Azure cloud computing business missed analyst projections by 1% for the second straight quarter, though it still grew a robust 42% year-over-year, as Microsoft helped its customers optimize existing workloads due to the macro backdrop. While the optimization of workloads is a short-term headwind, we believe it is the right thing to do and should help drive more consumption with customers over time. Our research continues to indicate that the longer-term secular trend of cloud computing remains healthy and intact. For example, in its fourth quarter CIO survey report, Morgan Stanley showed, among other things, that cloud computing was the second highest CIO spending priority (behind only security software), that cloud application workloads were expected to increase from 27% of total workloads today to 46% by the end of 2025, and that Azure was listed as the preferred cloud vendor and likely to take share over the short and long term.9 Additionally, Microsoft is positioned to be a prime beneficiary of ChatGPT. Microsoft invested $1 billion in OpenAI in 2020 and is rumored to be considering investing an additional $10 billion for a 49% stake in the company. Moreover, ChatGPT runs on Microsoft’s Azure platform, and Microsoft recently announced the general availability of its Azure OpenAI Service enabling Azure customers to access advanced AI models, including ChatGPT itself soon. We remain bullish on Microsoft’s long-term opportunity in the cloud, and believe AI has the potential to be additive to growth for years to come.”

See also The Future of Artificial Intelligence and Most Advanced Countries in Artificial Intelligence.