ChatGPT Stock Advice: 5 Recent Stock Recommendations

In this article, we will take a look at the ChatGPT stock advice 5 recent stock recommendations. To see more such companies, go directly to ChatGPT Stock Advice: 15 Recent Stock Recommendations.

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

Morgan Stanley’s Brian Nowak recently said in a note that investors should pay attention to Meta Platforms, Inc. (NASDAQ:META)’ Reels as the product continues to gain traction. The analyst cited a survey of 2,000 Americans aged 16 and up. About 79% of Instagram users in the survey said they are using Reels, up from 74% in May, and 36% are on Reels daily versus 34% in May.

ChatGPT also believes Meta Platforms, Inc. (NASDAQ:META) is one of the stocks to buy for long-term gains. A total of 225 hedge funds had stakes in Meta Platforms, Inc. (NASDAQ:META) as of the end of the second quarter of 2023.

Rowan Street Capital made the following comment about Meta Platforms, Inc. (NASDAQ:META) in its Q3 2023 investor letter:

“Meta Platforms, Inc. (NASDAQ:META): $550 billion rebound in market cap in less than a year.

A deep dive into what is driving the optimism for the stock.

It’s been exactly 11 months since we published an article: “Does a $750 billion decline in Meta’s market cap make sense?” META is up +240% since then compared to the S&P 500 advance of +13.5% over the same time period. We will examine what drove this abnormal return. But first, we can’t help but wonder: How is it possible for a trillion dollar company to first drop -75% to $268 billion in market cap and then skyrocket +250% to over $800 billion in market cap all in just less than 2 years. We are not talking about some micro-cap company here. META is the 7th largest company in the world. It is very well-known to everybody and is covered by 45+ analysts.

Are the markets really efficient when you witness this kind of a phenomenon?

Our belief is that the markets have actually become a lot less efficient over the short term with the proliferation of the internet, smart-phones, social media and effortless access to information. This is counterintuitive to what the academics teach us, but that is the way it has worked in reality. We will spare you further discussion on the efficiency of the markets as the purpose of this note was to discuss our investment in META. We wanted to share this observation and be clear that we are not exactly complaining here. Part of our job as fund managers is to exploit these market inefficiencies and drive value to the Rowan portfolio over the long run. And over the long run, the markets do a pretty good job in valuing companies…”