Can You Invest in ChatGPT and OpenAI?

ChatGPT and its creator, OpenAI, triggered the modern conversation around artificial intelligence. The AI large language model fascinated its users by providing relevant information based on text prompts. ChatGPT offers instant answers instead of requiring users to scan multiple pages on a search engine.

Artificial intelligence can help employees perform mundane tasks more effectively and boost productivity in the workplace. It’s also helping companies offer higher-quality services for their customers. Health care companies can use ChatGPT to provide clear guidance and more effective communication between patients and health care professionals. These tools can even detect diseases during their early stages before they get worse.

Educators may also benefit from using the tool. Khan Academy recently rolled out Khanmigo, which acts as a tutor for students and an assistant for teachers. The app doesn’t provide direct answers to students, but it provides resources that can expand their knowledge and help them discover the right answer. Khanmigo relies on ChatGPT to operate smoothly.

ChatGPT’s usefulness and versatility made it the fastest platform to reach the milestone of 100 million monthly active users. It took only about two months from its launch to reach that number, a UBS study in February showed. ChatGPT currently gets 2.5 billion monthly visits, according to data analytics firm Similarweb. The average visit duration is six minutes and 48 seconds.

ChatGPT’s rapid growth in a booming industry has attracted the attention of many investors. OpenAI, the company that developed ChatGPT and launched it in late November 2022, has garnered billions of dollars in venture capital. The company does not trade publicly, making it difficult for investors to directly buy into ChatGPT’s growth. Right now, the opportunity for direct exposure is limited to accredited investors and large firms.

Investors can still get indirect exposure to ChatGPT and OpenAI or benefit from the huge amount of attention they have put on other AI chatbot developers. Some publicly traded companies have invested billions of dollars in OpenAI, while others have positioned their businesses to benefit from the growing adoption of ChatGPT and other AI solutions. There are also investing opportunities with companies whose AI tech has gotten more attention because of the spotlight cast on ChatGPT or their partnerships involving OpenAI.

Here are six stocks that either stand to benefit substantially from ChatGPT’s growth and the incorporation of OpenAI technologies or to profit from the laser focus on AI chatbots in general now:

Software behemoth Microsoft is one of the best stocks available for exposure to OpenAI’s ChatGPT and other large language models, or LLMs. The company recently updated its Bing search engine and Edge browser with a built-in language model from OpenAI that is “more powerful than ChatGPT and customized specifically for search,” according to a Microsoft blog post.

Microsoft and OpenAI’s 2019 partnership, which was extended in early 2023 with a multiyear, multibillion-dollar investment from Microsoft, is a collaboration on new Azure AI supercomputing technologies and large language models. The deal made Azure OpenAI’s exclusive cloud provider.

The Seattle-based firm recently unveiled Copilot, an AI assistant that makes it easier for people to create images, produce documents and complete slide decks. Copilot allows Microsoft to expand into multiple industries. For instance, Microsoft Copilot for Security allows businesses to detect cyber threats quickly and fortify their digital defenses.

Google uses artificial intelligence to provide visitors with optimal search results based on text prompts. The tech giant launched its own natural language processing tool, Gemini, which competes with ChatGPT.

While Gemini represents a big step for Alphabet’s AI ambitions, the company has made several investments to expand its market share. Last October, Alphabet announced it would invest up to $2 billion in Anthropic, an OpenAI competitor. That announcement came a few months after Alphabet’s initial $300 million investment into the firm.

Google Cloud also benefits from AI assistants. Artificial intelligence allows Alphabet to offer more services for its cloud computing customers. While advertising is still the company’s major revenue stream, Google Cloud now makes up more than 10% of total revenue.

JPMorgan Chase & Co. (JPM)

The big bank recently released IndexGPT, its own version of ChatGPT. The language learning tool reduces costs and gives clients another reason to use JPMorgan instead of its competitors. JPMorgan’s artificial intelligence chatbot will help people select assets and can potentially offer an alternative to financial advisors. It assists with thematic investing as well.

IndexGPT was launched in May after pilot testing. The firm trademarked “IndexGPT” a year earlier, on May 11, 2023. JPMorgan’s entrance to AI remains speculative, but the company has enough financial clout to reward patient investors. While waiting for IndexGPT to take off, investors can enjoy a forward dividend yield of 2.3% and a profit margin above 30%. JPM stock has gained 18.8% year to date as of June 10.

Nvidia is a dominant force in the AI industry that recently hit a $3 trillion market capitalization. The company temporarily surpassed Apple Inc. (AAPL), which unveiled its own suite of ChatGPT-based generative AI tools on June 10, as the second-most-valuable publicly traded corporation. Nvidia could take Microsoft’s No. 1 spot as early as this year.

Nvidia’s financial growth made it a compelling pick in 2023 and has carried over into 2024. Nvidia reported an astounding 262% year-over-year rise in first-quarter fiscal 2025 revenue on May 22. It also recorded $14.9 billion in profits, up from $2 billion in the same period last year.

Nvidia is riding the AI wave because AI applications need Nvidia’s AI-specific chips to function effectively and work at high speeds. They’re also the bedrock for ChatGPT. OpenAI used thousands of Nvidia graphics processing units, or GPUs, to train ChatGPT, according to a Microsoft blog post. Other tech corporations have also been pouring billions of dollars into Nvidia chips to keep up with the innovative technology.

OpenAI will have to obtain more Nvidia GPUs to fulfill the rising demand for ChatGPT, and other AI tools may latch onto Nvidia as well. As ChatGPT and other AI tools become more popular, the companies creating and maintaining those tools will have to purchase additional chips from Nvidia for their data centers.

Nvidia shares closed at $121.79 on June 10 after a 10-for-1 stock split, which has stirred up additional excitement for Nvidia shares. That represents a 146% increase year to date. NVDA stock has piled on more than 3,200% over the past five years.

Palantir Technologies Inc. (PLTR)

Palantir is a $52 billion software company that was using AI long before ChatGPT became mainstream. The firm’s chatbots and big data analytics have attracted interest from multiple governments that want to make better decisions for their militaries.

Palantir is making enhancements to its chatbots to give guidance to business owners. This shift allows Palantir to serve more companies and business verticals instead of relying on government business. Granted, the governments that use the technology tend to stick around, due to the difficulty of switching to another resource.

Palantir’s share price has gained 34.7% year to date as of June 10, as more people and organizations incorporate chatbots into their businesses. Palantir has respectable double-digit revenue growth and strong earnings that have more than doubled year over year. It has recently become a profitable company with rapidly expanding margins.

CrowdStrike Holdings Inc. (CRWD)

CrowdStrike is one of the few cybersecurity firms that continue to report exceptional revenue and net income growth amid headwinds for the industry. CrowdStrike recently rolled out an AI assistant that can turn hours of work into minutes, or even seconds. According to CrowdStrike’s internal survey, Charlotte AI saves cybersecurity professionals an average of two hours per day.

CrowdStrike closed out the first quarter of fiscal 2025 with $3.65 billion in annual recurring revenue, a 33% year-over-year improvement. CRWD shares have gained 46.7% year to date as of June 10. The cybersecurity stock rallied 7% on June 10 after an announcement that it will be added to the S&P 500 on June 24, replacing financial services firm Comerica Inc. (CMA).