Is ChatGPT the tip of the iceberg? Analysts reveal potential A.I. uses — and the stocks to play it

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HSBC says ChatGBT is just the tip of the AI iceberg. Morgan Stanley and Canaccord Genuity name some stocks set to benefit.

The launch of ChatGPT has set the artificial intelligence world alight, with the popular chatbot reportedly reaching 100 million active users just two months after its launch in November 2022. ChatGPT is considered by far the most successful generative AI tool to date. It was created by San Francisco-based OpenAI , a private company backed by Microsoft . It can answer questions, write essays , and more.

"For many of our preferred plays, only a small part of their business is currently related to AI, but as technology progresses, they could become the 'picks and shovels' for building AI infrastructure," Morgan Stanley analyst Shawn Kim wrote in a note on Feb. 22. One of the bank's top picks is Taiwan Semiconductor Manufacturing Company — the world's largest contract chip maker.

 

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It will possibly be the end of the useful internet. There is plenty of garbage out there now, but pretty soon we will be lost in a sea of AI produced text. Quality information will become a needle in the haystack.

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