ChatGPT Google Search Soars To Record High, Paid Service Suspended To New Signups
Portfolio Pulse from Neil Dennis
Searches for ChatGPT on Google reached a record high in November, with interest growing 400% throughout 2023. OpenAI's paid service, ChatGPT Plus, has been suspended to new signups due to overcapacity. The popularity of ChatGPT is expected to drive demand for better and faster chips, potentially benefiting chip stocks like Qualcomm and Taiwan Semiconductor Manufacturing, as well as the SPDR S&P Semiconductor ETF. Nvidia's CEO believes AI will be bigger than the internet, and ChatGPT has already reached 100 million active users in three months.
November 16, 2023 | 4:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Google's record high searches for ChatGPT indicate significant interest in AI, which could drive traffic and engagement on Google platforms.
The record high searches for ChatGPT on Google suggest that the company's search engine is a primary destination for AI-related queries, which could lead to increased ad revenue and user engagement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia's CEO believes AI will be bigger than the internet, indicating a strong future for Nvidia's AI-related products and services.
The CEO's statement on AI's potential impact suggests that Nvidia's investments in AI technology could pay off significantly, driving demand for their products.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Qualcomm may benefit from the increased demand for better and faster chips driven by the popularity of AI applications like ChatGPT.
Bank of America analysts suggest that the demand for AI could lead to increased demand for Qualcomm's chips, which would positively impact the company's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing is poised to gain from the growing demand for AI chips, as indicated by the popularity of ChatGPT.
The increased interest in AI and the need for better chips, as mentioned by Bank of America analysts, could lead to higher demand for TSM's manufacturing capabilities.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
The SPDR S&P Semiconductor ETF may see growth due to the anticipated demand for semiconductors in the AI space, driven by technologies like ChatGPT.
As AI technologies increase the need for advanced semiconductors, ETFs like XSD that cover the chip industry could benefit from the overall sector growth.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50