BuzzFeed Smashes Records for Trading Volume on OpenAI Frenzy
- Volume has soared on some stocks amid ChatGPT’s popularity
- C3.ai and SoundHound AI have also seen heighted interest
BuzzFeed Inc.'s Listing Day at Nasdaq in December 2021 in New York City.
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Companies tied to artificial intelligence services recorded some of their highest trading volumes on record this month, amid a frenzy of interest in the ChatGPT tool, which generates conversation-style interactions.
BuzzFeed Inc., C3.ai Inc., SoundHound AI Inc., and BigBear.ai Holdings Inc. are among the stocks that have all seen massive jumps in volume, along with dizzying swings in their share prices. BigBear.ai soared nearly 65% on Monday, with trading volume that was more than 2,100% of its daily volume over the past three months.