Nvidia (NASDAQ: NVDA) has seen an 818% increase in shares since the release of ChatGPT on November 30, 2022, elevating its market capitalization from $345 billion to $3.8 trillion, making it the largest company worldwide by market cap as of June 26. In the ongoing search for the next “Nvidia” in the AI sector, investors are considering companies like Advanced Micro Devices, Broadcom, and Taiwan Semiconductor Manufacturing.
Meta Platforms (NASDAQ: META) has also benefited from the AI trend, with its share prices climbing over 500% since the release of ChatGPT. Meta’s focus on AI aims to enhance its advertising capabilities across platforms like Facebook and Instagram, potentially improving user engagement and profitability through better-targeted ads.
As AI technology becomes integrated into Meta’s business model, analysts suggest that the company’s valuation could rise significantly. Currently, Meta trades at a price-to-earnings (P/E) ratio of 28, indicating significant upside potential as its profitability improves with AI innovations.
