It’s no secret that AI’s been the hot theme so far this year due to the attention generated by ChatGPT. Unfortunately, most of the analysis I’ve seen of this trend has been essentially, “this stock has AI in the ticker, so it’s a buy!” So, I thought I’d take a deeper dive into companies that appear to be meaningfully and substantially affected by ChatGPT.
PATH: This seems like one of the most natural (and impactful) integrations of the tech. As I understand it the UiPath “software robots” basically talk to ChatGPT and convert a list of steps into UiPath tasks, ChatGPT then enhances that list by creating detailed instructions on how to perform a specific task. As far as the stock goes, it’s performed well recently but still seems a bit under the radar compared to other AI related stocks (it only today broke through the 200 on the daily).
U: The most obvious integration with Unity is ChatGPT’s ability to write code such as scripts and shaders (although still imperfectly). Beyond that though there are seemingly dozens of other uses, such as making NPC interactions far more realistic. The stock might be a bit early, it has both the descending 200 and a strong resistance line to break through still.
We’re definitely late to the Buzzfeed party so I won’t analyze them. I’d be very interested though to hear any other publicity traded companies you might think of that are positively or negatively impacted by ChatGPT.
Full disclosure, I own both PATH and U and am not a financial advisor.
Leave a Reply