ChatGPT Stock Predictions: 5 Stocks That Have 10X Potential

2. Nvidia Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 173

Nvidia Corp (NASDAQ:NVDA) ranks second in our list of the stocks with 10X potential according to ChatGPT. The chatbot believes Nvidia Corp (NASDAQ:NVDA) is positioned to benefit from the “increasing demand for AI, data centers and gaming.”

ClearBridge Small Cap Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its first quarter 2024 investor letter:

“While large cap benchmarks get a lot of attention for a handful of mega cap stocks driving the lion’s share of performance, we would highlight even more extreme and unprecedented concentration in small cap benchmarks. Year to date, one stock, Super Micro Computer has driven 37% of the return of the benchmark, closely followed by MicroStrategy, a unique stock that is largely considered a bitcoin proxy. Together, they accounted for over half of the benchmark’s first quarter return. This compares to NVIDIA Corporation (NASDAQ:NVDA), which accounted for 24% of the return of the S&P 500 Index. The 32 top-performing stocks in the Russell 2000 Growth Index accounted for 100% of its return, versus 81 names driving the S&P 500’s performance this quarter.”