5 Stocks ChatGPT Says Will Make Me Rich in 10 Years

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Funds: 221

ChatGPT  believes Alphabet Inc. (NASDAQ:GOOG) is a “dominant force in tech and advertising,” which is not a revelation since Alphabet Inc. (NASDAQ:GOOG) has been enjoying a major chunk of search and ads market for years. Alphabet is making waves after Alphabet Inc. (NASDAQ:GOOG) finally released its much-awaited LLM named “Gemini.” Earlier results and user reviews show Gemini is extremely powerful and beats GPT 4 on several benchmarks.

Horos Asset Management made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) exited the portfolio during the quarter, following the strong performance of its share price and its lower upside potential compared to the new companies we added to the fund. It is remarkable how quickly market sentiment can change in such a short period of time. We reinitiated this position in 2022 after the sharp downturn in the tech sector with the rise in interest rates and the inevitable multiple contraction. Soon after, the launch of ChatGPT (supported by Microsoft) further weighed on Alphabet investor sentiment. Just a few weeks later, the market reacted very positively to the measures taken by the company to counteract the potential impact of this product and maintain Google’s leadership as a search engine. All in all, a 50% rally in a very short time that explains our move to fully divest our holdings in this excellent company.”