Here Is Why New AI Tools Like OpenAI's ChatGPT Are Great News for Nvidia and Other Chip Stocks

By Jose Najarro and Nicholas Rossolillo – Feb 10, 2023 at 10:03AM

NASDAQ: NVDA

Nvidia

Market Cap

$3,102B

Today's Change

(-1.40%) -$1.76

Current Price

$124.33

Price as of June 26, 2024, 3:40 p.m. ET

Two semiconductor investors discuss why the AI battle between Google and Microsoft can bring tailwinds to semiconductor companies.

In today's video, Jose Najarro and Nick Rossolillo discuss the various generative AI solutions on the market from Microsoft (MSFT 0.16%), Alphabet (GOOGL -0.01%) (GOOG -0.04%), Meta Platforms (META 0.14%), and numerous private companies and how they are creating the need for more computational power, which is excellent news for companies like Nvidia (NVDA -1.40%). Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of Feb. 8, 2023. The video was published on Feb. 9, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jose Najarro has positions in Alphabet, Meta Platforms, Microsoft, and Nvidia. Nicholas Rossolillo has positions in Alphabet, Meta Platforms, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.