Nvidia to Win Big From ChatGPT Hype, Wall Street Predicts
- Citigroup analyst sees big sales potential for Nvidia chips
- The stock has rallied more than 20% to start the new year
Nvidia’s stock has rallied 22% in the first three weeks of the year.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
In the weeks since the ChatGPT artificial intelligence tool took the world by storm, Nvidia Corp. has emerged as Wall Street’s preferred pick for traders seeking to profit from its potential.
The chipmaker’s stock has rallied 29% since the start of the year, placing it among the best performers in the S&P 500 Index. Contributing to the gains has been the hype around the chat bot released by OpenAI late last year that has demonstrated an uncanny capacity to mimic human writing.