With the topic of artificial intelligence, the stock markets have found the next price driver.
(Photo: Moment/Getty Images)
Dusseldorf Wall Street has AI fever. Since the chatbot tool ChatGPT made artificial intelligence tangible for investors, the value of AI-related stocks has risen rapidly. The most prominent example is the chip company Nvidia, which increased its stock market value to more than one trillion dollars on Tuesday. Since the beginning of the year, the stock is up more than 170 percent.
Nvidia is also currently the most popular stock among professional investors, as shown by data from Goldman Sachs. The US investment bank evaluates the stocks that hedge fund managers most often have among the ten largest positions in their portfolios.
It shows that the pros are not only relying on AI with Nvidia – the five next most popular stocks also have an AI reference. Among them is an Nvidia competitor, a contract manufacturer and a partner of the chip giant, a software company and another chip manufacturer.
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