Both Microsoft and Nvidia closed at new all-time high share prices Wednesday, adding a combined $1.5 trillion in market value since the November debut of the Microsoft-backed AI chatbot ChatGPT .
Musk frequently passes his time by sharing memes or interacting with posts on the social media platform he bought for $44 billion last year, but this interaction was notable considering Tesla stock has similarly soared in recent months thanks in no small part to growing hopes about its own ability to cash in on the AI frenzy.
Shares of Tesla have spiked more than 170% year-to-date as Musk’s electric vehicle firm cashes in on broad bullishness for tech, resilient car sales and optimism regarding its AI segment, which is “key” for Tesla’s growth story, Wedbush analysts led by Dan Ives wrote Monday.in May 2020 he believed Tesla’s share price was “too high,” causing a 10% intraday slide for the stock.
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