ChatGPT-4o identifies 3 stocks to survive if AI bubble bursts
The post ChatGPT-4o identifies 3 stocks to survive if AI bubble bursts appeared on BitcoinEthereumNews.com.
The ongoing bullish sentiment around the stock market has been primarily attributed to companies venturing into the artificial intelligence (AI) sector. Notably, these companies significantly control major indices, leading to concerns that the AI bubble might burst, reminiscent of the 2000 Dot-com bubble. Uncertainty regarding a potential recession hitting the US economy further exemplifies the possibility of a bubble burst. Indeed, if the AI sector faces a downturn, certain companies could stand out and weather the storm. In this context, Finbold explored OpenAI’s latest and most advanced AI tool, ChatGPT-4o, to determine which stocks are likely to show resilience in the event of a bubble burst. Below are the three stocks by the AI tool. Microsoft According to ChatGPT-4, Microsoft’s (NASDAQ: MSFT) diversified business model is a cornerstone of its resilience. The tech giant generates substantial revenue from its cloud computing division, Azure, and its widely-used software products, such as Windows and Office. Microsoft’s strategic partnerships and investments in AI, including a notable stake in OpenAI, also integrate AI advancements into its broader ecosystem. This diversification provides a substantial buffer against a sector-specific downturn. The platform noted that Microsoft’s strengths are its diversified offerings, robust balance sheet, and leadership in cloud computing and enterprise software, ensuring it remains a formidable player even in a volatile market. Indeed, in 2024, MSFT has maintained a bullish stance, gaining over 21% on a year-to-date basis, trading at $449.78 by press time. MSFT YTD stock price chart. Source: Finbold Alphabet The second selection by ChatGPT-4 is Alphabet, the parent company of Google. The platform noted that Alphabet (NASDAQ: GOOGL) boasts a well-rounded revenue base encompassing its core advertising business, Google Cloud, YouTube, and various AI initiatives. ChatGPT noted that Alphabet mitigates the risk of a sector-specific crash by embedding AI into its extensive ecosystem.…
Filed under: News - @ June 23, 2024 11:24 am