What is Chat GPT Stock & How To Buy It (Detailed Guide)
Chat GPT is an Artificial Intelligence powered Chatbot that can generate human-like responses to every query. This revolutionalized Search method really attracts people of all ages. By 2027, it is estimated that the global market for Search Engines will reach $ 20.6 trillion as many other Companies are going to develop their own versions of Chat GPT. So it is the right time to invest in Chat GPT stock. In order to invest in Chat GPT Stock, you really need to know what this technology does.
For those who are highly impressed by the applications of Chat GPT, investing in Chat GPT seems to be the most lucrative opportunity currently available. Being a big name in AI technology, investors are excited to get their hands on it. Today in this detailed guide, we are going to discuss What is Chat GPT Stock and how one can buy it. So without further delay, let’s dive directly into it.
What is Chat GPT- A Quick Overview
Chat GPT is an AI-based Chatbot created by OpenAI which is founded by billionaire Elon Musk and Sam Altman in the year 2015. This tool was first launched to the public in November 2022. Within a duration of 1 month, Chat GPT reached 1 million monthly users and becomes the fastest-growing tool in history. ChatGPT is built on the structure of GPT-4. GPT stands for Generative pre-trained transformer. This model does not know what it is saying however it knows what words will come after one another based on the data set.
GPT 3.5 is the most recent iteration of Chat GPT that can perform a variety of tasks including answering queries, writing essays, solving math equations, writing poetry and other content, generating complex codes, and more. Due to its ability to create great content, there is a fear among Content Creators and Developers that Chat GPT will take away their jobs. This tool has the ability to create text in a matter of seconds which would take a person several hours or a day.
Can I really buy Chat GPT Stock?
Due to the astounding success of AI Chatbot, it is no wonder that people are interested to invest in ChatGPT stock. Since Chat GPT is a Privately traded Company. This Company has not gone public yet, so you cannot purchase the stocks of the company directly. It is possible to invest in Chat GPT Stock if shares held by Private investors or current Employees are available for purchase. Right now, you won’t be able to find it on any stock exchange.
While you can’t invest in the Chat GPT Stock at the moment. However, there are many ways to invest in Chat GPT indirectly.
1) Microsoft (MSFT: NSD)
One way is by Investing in Microsoft Company as they have obtained a massive part of Chat GPT. It is the most prominent company with a direct tie-up with Chat GPT. Recently in January, Microsoft announced an investment of $10 billion in OpenAI. This means Microsoft has a great stake in Chat GPT, and investing in Microsoft is an indirect way of investing in Chat GPT.
Microsoft also incorporated Chat GPT into its Bing Search Engine and Microsoft Edge Web Browser. Microsoft even plans to demo its new ChatGPT-like AI in MS Office. This integration will definitely increase its Market Share in the trillion-dollar Search Engine Industry. The MSFT stock has a great rating with a price target of $293.22
2) Nvidia (NVDA: NSD)
Another indirect way to invest in Chat GPT is Nvidia. You might be familiar that Nvidia is the Company that produces Graphical Processing Units (GPUs) for gaming and professional markets. GPUs from Nvidia have a great demand used for training and operating AI models. Due to the expansion of ChatGPT applications, the demand for Nvidia products will be high in the future. So it is advised to buy NVDA Stock that arrives with an average price target of $212.12
Being the most prominent Search Engine in the universe, Google Alphabet controls approximately 84 percent of the market share for search Engines. However, it is facing great competition from Microsoft’s integration with OpenAI. Google also introduced its own AI chatbot called Bard which is a rival to Chat GPT and Bing. Stock target Advisors consider GOOGL Stock a strong buy.
Intel is the largest Semiconductor chip manufacturer company in the world. These chips play an important role in building generative AI tools to make technology more beneficial. So overall it is good to invest in NASDAQ stock.
Other Chat GPT Stocks
Other Chat GPT Stocks in which you can invest include:
- International Business Machine (IBM)
- Amazon (AMZN)
- Intel (INTC)
- Meta Platforms (META)
- Salesforce (CRM)
Future of Chat GPT Stock
According to Kelvin Ong, a financial writer from IG Group, there is strong speculation that Chat GPT might go public in 2023. If it happens, this could be an incredible opportunity for investors to own a piece of one of the most incredible Companies in the world. However, there is no official statement out yet that confirms this speculation. So we all need to sit and wait for the Official Announcements.
Presently, Chat GPT being in the initial development stage is available to access for free to all. To access this tool, users need to create a Chat GPT login.
Frequently Asked Questions
Q1: What is Chat GPT stock’s name?
Chat GPT is not a publicly traded Company. So Chat GPT has no stock name. However, users can get exposure to Chat GPT by investing in Microsoft stock.
Q2: What is Chat GPT Stock price?
Since Chat GPT is yet to be available for trade on the Stock Exchange, its stock prices are not yet publicly disclosed or mentioned anywhere.
Q3: Can I buy stock in OpenAI?
No, OpenAI is still a private Company that has not announced its IPO yet. So you cannot buy stock in OpenAI.
That’s all about Chat GPT Stock. AI technologies and Chat GPT are definitely the future and getting your foot in the door will definitely paint a beautiful financial picture for you tomorrow. I hope you will find this post helpful and informative. In case of any queries, feel free to ask in the comments section below.
Thanks for reading!! Stay Connected for more latest updates
A tech-freak self-motivated professional that thrives on innovation and overcoming challenges. She is a trained writer and scholarship holder. Went through with writing for a lot of big media houses. Writing is her all-time favorite job. Know more about her on facebook