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…”

4. Nvidia Corp (NASDAQ:NVDA)

Number of Hedge Funds: 180

Nvidia Corp (NASDAQ:NVDA) has been a blockbuster stock in 2023, gaining a whopping 217% in the period through December 7. But Nvidia Corp’s (NASDAQ:NVDA) outlook and the overall growth trajectory of AI makes it evident that Nvidia Corp (NASDAQ:NVDA) will continue to enjoy huge growth thanks to the rising demand of AI chips.

Piper Sandler recently promoted Nvidia Corp (NASDAQ:NVDA) as its large-cap stock pick, replacing AMD. The firm reiterated its Overweight rating on the stock and gave a $620 price target, which represents a strong upside potential based on its current stock price of $455.

As of the end of the third quarter of 2023, 180 hedge funds tracked by Insider Monkey were long Nvidia Corp (NASDAQ:NVDA) . The biggest stake in Nvidia Corp (NASDAQ:NVDA) belongs to Rajiv Jain’s GQG Partners which owns a $6 billion stake in Nvidia Corp (NASDAQ:NVDA).

Here is what Claret Asset Management has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2023 investor letter:

“We have mentioned in the last letter that the “magnificent seven”, including NVIDIA Corporation,dominated the performance of the S&P 500. We might have left you with the feeling that we are bearish because we don’t find the Magnificent 7 attractive. Let us make it clear: we are just not so pessimistic as to believe there are only 7 growth opportunities in the entire global equity market. In fact, we are optimists and think opportunity is abundant. Just not in everyone’s current 7 favorite stocks.”

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.”

2. Amazon.Com Inc (NASDAQ:AMZN)

Number of Hedge Funds: 286

Amazon.Com Inc (NASDAQ:AMZN) ranks 2nd in our list of the stocks ChatGPT believes can make one rich in the next ten years. Recently, Oppenheimer said Amazon.Com Inc (NASDAQ:AMZN) stock has more room to grow as it called AMZN its top large-cap pick for 2024. The firm upped its price target on Amazon.Com Inc (NASDAQ:AMZN) to $200 from $170. Oppenheimer expects Amazon Com Inc’s (NASDAQ:AMZN) margins to grow in both its ecommerce business and Cloud business.

Out of the 910 hedge funds tracked by Insider Monkey, 286 hedge funds reported having stakes in Amazon Com Inc (NASDAQ:AMZN) as of the end of the third quarter, up from 278 funds in the previous quarter.

Lakehouse Global Growth Fund made the following comment about Amazon.com, Inc. (NASDAQ:AMZN) in its August 2023 investor letter:

“The Fund’s largest position, Amazon.com, Inc. (NASDAQ:AMZN), delivered an impressive quarterly result that came in well ahead of analysts expectations. Net sales increased 11% year-on-year to $134.4 billion and operating profits increased 133% year-on-year to $7.7 billion (vs the high end of guidance at $5.5 billion). Despite fears of a slowdown, growth within their core e-commerce business proved resilient and it was particularly encouraging to see progress on the cost front drive meaningful operating leverage. Management has been laser focused on driving efficiencies across the retail operation for the last 18 months and it’s now clear that these efforts are paying off with the company reporting its highest operating margin in two years. One notable initiative has been the regionalisation of their US fulfilment network from one national network to a series of eight separate regions serving smaller geographic areas, which has already delivered a 20% reduction in the number of touches per package and a 19% reduction in miles travelled.

When it comes to the company’s second largest segment, Amazon Web Services (AWS), revenue grew 12%, which is by no means earth shattering, but it was comforting as growth is now stabilising after six quarters of deceleration led by macro-driven customer optimizations. As we have mentioned before, we have always believed the recent AWS optimisation headwinds are more cyclical in nature, as opposed to anything fundamental, and a stabilisation in growth rates combined with a more upbeat outlook are strong evidence that this is likely the case. Bigger picture, we continue to believe that the market underestimates the length of the runway ahead in the core retail business (note that e-commerce sales in the US still only make up 15% of total retail sales) and that there is still significant margin expansion ahead as scale and efficiency benefits continue to come through.”

1. Microsoft Corp (NASDAQ:MSFT)

Number of Hedge Funds: 306

Wedbush’s analyst Dan Ives recently said he believes the tech rally that started in 2023 on the back of AI would continue in 2024.

“We view AI as the most transformative technology trend since the start of the Internet in 1995 and believe many on the Street are still underestimating the $1 trillion of AI spend set to happen over the next decade in a bonanza for the chip and software sectors looking forward with Nvidia and Redmond leading the way,” Ives wrote in a note.

Ives named some of his favorite tech stocks for 2024 and Microsoft Corporation (NASDAQ:MSFT) was one of them.

Microsoft Corp (NASDAQ:MSFT) is the most popular stock among the 910 elite hedge funds tracked by Insider Monkey.

Here is what Baron Technology Fund has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2023 investor letter:

“Microsoft Corporation is the world’s largest software company. Microsoft was traditionally known for its Windows and Office products, but over the last five years, it has built an over $60 billion cloud business, including its Azure cloud infrastructure service and its Office 365 and Dynamics 365 cloud-delivered applications. The stock detracted from performance because Microsoft is the Fund’s largest holding and shares retreated 7.0% after strong first half performance. For the June quarter, Microsoft reported better-than-expected Azure results for the third straight period, highlighted by Azure revenue growing 27% in constant currency. Its computing division also beat expectations, with Windows revenue benefiting from an early back-to-school inventory build. Microsoft’s September quarter revenue guidance came in below Street expectations; however, with Azure effectively in line and demonstrating stabilization, but computing seeing the negative sequential impact of the pull-forward in back-to-school purchases. Looking at the big picture, Microsoft continues to execute at a high level, navigating a challenging macro backdrop while aggressively investing in long-term growth, and we remain confident that Microsoft is well positioned to leverage AI over the medium to long term as it infuses Open AI and other generative AI technologies across its entire product portfolio.”

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