ChatGPT Stock Portfolio: Top 5 Picks

In this article, we will take a look at ChatGPT’s top 5 picks. To see more such companies, go directly to ChatGPT Stock Portfolio: Top 10 Picks.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 132

NVIDIA Corporation (NASDAQ:NVDA) could be one of the biggest beneficiaries of the current AI boom, believe several Wall Street analysts. One such bullish call came from BofA’s Vivek Arya, who had predicted that NVIDIA Corporation (NASDAQ:NVDA) will enjoy a huge sales upside in Q2 due to generative AI capabilities of H100 GPU. This forecast came true as the company recently gave a spectacular Q2 revenue guidance.

Alger Spectra Fund made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2023 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) is a leading supplier of graphics processing units (GPUs) for a variety of end markets, such as gaming, PCs, data centers, virtual reality and high-performance computing. The company is leading in most secular growth categories in computing, and especially artificial intelligence and super-computing parallel processing techniques for solving complex computational problems. Simply put. Nvidia’s computational power is a critical enabler of Al and therefore critical to Al adoption, in our view. As such, we believe Nvidia is a long-term high unit volume growth opportunity. During the period, NVIDIA reported fiscal fourth-quarter results that met expectations, as the company navigated. through an inventory correction associated with the broad macroeconomic slowdown. Moreover, management gave fiscal year earnings guidance that was better than analyst estimates. noting strong year-over-year growth in gaming and data centers. Management’s constructive assessment of 2023 prospects. coupled with the rapid rollout and adoption of generative Al offerings, led to positive share price performance.”