If You Invested $1,000 In AI Stock (C3.ai Inc) When ChatGPT Launched, Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
The launch of OpenAI's ChatGPT chatbot and subsequent $10 billion investment by Microsoft Corp (NASDAQ:MSFT) led to increased valuations for AI stocks, particularly C3.ai Inc (NYSE:AI). C3.ai, a leading enterprise AI software provider, reported $266.8 million in revenue in the last fiscal year and is projected to hit profitability by the end of fiscal year 2024. A $1,000 investment in C3.ai shares the day after ChatGPT went live would be worth $3,114.48 today, outperforming both Microsoft and the SPDR S&P 500 ETF Trust (NYSE:SPY).
July 12, 2023 | 9:54 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) has underperformed compared to C3.ai since the launch of ChatGPT.
While the SPY ETF tracks the overall market, it has underperformed compared to C3.ai since the launch of ChatGPT. A $1,000 investment in SPY over the same period would have yielded a lower return.
CONFIDENCE 100
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
C3.ai's stock value has significantly increased since the launch of ChatGPT, with a $1,000 investment now worth $3,114.48.
The launch of ChatGPT and Microsoft's subsequent investment has led to increased interest and valuations in AI stocks, particularly C3.ai. The company's strong financial performance and projected profitability by the end of fiscal year 2024 further support this positive impact.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Microsoft's $10 billion investment in OpenAI following the launch of ChatGPT has led to increased valuations for AI stocks.
Microsoft's significant investment in OpenAI has contributed to the increased interest and valuations in AI stocks. However, a $1,000 investment in Microsoft would have yielded a lower return compared to C3.ai over the same period.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 80