5 Stocks ChatGPT Says Will Make Me Rich in 10 Years

This article presents an overview of the 5 Stocks ChatGPT Says Will Make Me Rich in 10 Years. For a detailed overview of such 15 stocks read our article, 15 Stocks ChatGPT Says Will Make Me Rich in 10 Years.

5. Visa Inc. (NYSE:V)

Number of Hedge Funds: 167

Visa Inc. (NYSE:V) ranks 5th in the list of stocks ChatGPT thinks have the potential to make one rich in the next ten years. In October, Visa increased its dividend by 15.6%.

Visa Inc. (NYSE:V) is one of the most popular stocks among the 910 hedge funds tracked by Insider Monkey. 167 hedge funds had stakes in Visa Inc. (NYSE:V). The most significant stakeholder of Visa Inc. (NYSE:V) was Chris Hohn’s TCI Fund Management which owns a $3.9 billion stake in Visa Inc. (NYSE:V).

Visa Inc.’s (NYSE:V) board also approved a $25.0 billion multi-year class A common stock share repurchase program.

Ensemble Capital Management made the following comment about Visa Inc. (NYSE:V) in its Q3 2023 investor letter:

“Mastercard is a company that pretty much everyone has heard of. In fact, when we meet with Ensemble’s clients, we occasionally tell them that we’re nearly certain that they are carrying a Mastercard in their wallet or purse as we speak, and if not, they are carrying a Visa Inc. (NYSE:V). Most people carry both.

People carry Mastercard and Visa because they are accepted nearly everywhere in developed markets. And they are accepted in most emerging economies, at least at locations where higher income people spend money. As a shopper you can show up at a bodega in Peru, a high end hotel in Tokyo, a truck stop in Alabama, or an ice cream cart in Milan, show them a piece of plastic and they’ll let you walk away with goods and services without any worry that they aren’t going to get paid…”