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The rise of ChatGPT has sparked a frenzy for AI stocks in 2023.
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Nvidia’s “stunning” earnings report was the latest catalyst to lift AI stocks.
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These are the 10 highest performing AI stocks so far in 2023.
The promise of generative AI through the use of chatbots like OpenAI’s ChatGPT and Alphabet’s Bard has caught the attention of Wall Street in 2023.
A recent earnings report from Nvidia, which It included “amazing” revenue guidance thanks to its exposure to the chips that enable artificial intelligence, sparked a rush for AI stocks and It helped add nearly $200 billion to Nvidia’s market capitalization in one day. The stock skyrocketed to a market valuation of $1 trillion for the first time ever.
that it It’s not just Nvidia that is rising On the growing investor frenzy surrounding artificial intelligence. Semiconductor companies such as TSMC and Broadcomm have risen, as have software companies that help enable semiconductor design, such as Cadence Design Systems and Synopsys.
These are the 10 best-performing AI-related stocks so far this year, as of Tuesday afternoon.
10. Taiwan Semiconductor
Pointer: TSM
Market value: 456.8 billion dollars
Earnings year to date: 37.8%
9. Microsoft
Pointer: MSFT
Market value: $2.42 trillion
Earnings year to date: 38.8%
8. Alphabet
Pointer: Google
Market value: $1.57 trillion
Earnings year to date: 40.7%
7. Broadcom
Pointer: AVGO
Market value: 303.9 billion dollars
Earnings year to date: 44.1%
6. Synopsys
Pointer: SNPS
Market value: $66.1 billion
Earnings year to date: 45.7%
5. Rhythm design systems
Pointer: CDNS
Market value: $61.2 billion
Earnings year to date: 45.8%
4. Marvell Technology
Pointer: Morley
Market value: $42.5 billion
Earnings year to date: 69.6%
3. AMD
Pointer: AMD
Market value: $193.8 billion
Earnings year to date: 94.9%
2. Nvidia
Pointer: NVDA
Market value: 992.9 billion dollars
Earnings year to date: 94.9%
1. C3.ai
Pointer: Amnesty International
Market value: 3.2 billion dollars
Earnings year to date: 260.8%
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