OpenAI Stock Price Analysis: Buy, Hold or Sell?
OpenAI was founded in 2015 by Elon Musk, Greg Brockman, Ilya Sutskever, Sam Altman, and Wojciech Zaremba. In January 2023, the company received a significant $10 billion investment from Microsoft, sparking discussions about a potential IPO in October 2023 as reported by Bloomberg News. OpenAI is renowned for its artificial intelligence research and its mission to create AI with a positive impact on humanity. CEO Sam Altman has estimated the valuation of OpenAI at $86 billion based on employee shares.
In 2021, OpenAI raised $100 million for the Open AI Startup Fund, bringing its total funding to approximately $11.3 billion across eight funding rounds. AI stocks represent shares of companies involved in artificial intelligence, with a diverse range of opportunities due to the broad applications of AI.
Top Performing OpenAI Stocks
Let's delve into the performance of some top OpenAI stocks:
NVIDIA Corp
NVIDIA, a pioneer in 3D graphics for multimedia and gaming, ventured into AI in 2012. The company remains a leader in AI, developing software, chips, and AI-related services.
- 2024 Performance rate: 183.01%
- Today’s Analysis (03 April 2024):
- Stock Price: US$858.17
- Change: + US$27.76 (A positive gain)
- Percentage Change: +3.34%
Procept BioRobotics Corp
Procept BioRobotics develops medical robotics solutions for urology, offering innovative therapies for various conditions.
- 2024 Performance rate: 88.12%
- Today’s Analysis (03 April 2024):
- Stock Price: US$61.74
- Change: + US$1.13
- Percentage Change: +1.86%
Upstart Holdings Inc. (UPST)
Upstart is an AI-based marketplace connecting users with financial institutions for loans.
- 2024 Performance rate: 73.31%
- Today’s Analysis (03 April 2024):
- Stock Price: US$23.51
- Change: +US$0.64
- Percentage Change: +2.80%
SoundHound AI, Inc.
SoundHound is a prominent AI voice and speech recognition company, known for its advanced technologies in voice AI and music recognition.
- Performance rate: 66.73%
- Today’s Analysis (03 April 2024):
- Stock Price: US$4.49
- Change: + US$0.080
- Percentage Change: +1.81%
Investing in AI Stocks
Whether you are considering buying or selling AI stocks, here are some steps to guide you:
- Open a brokerage account.
- Decide on your desired level of AI stock exposure.
- Consider individual AI stocks or AI ETFs for diversified investments.
AI ETFs bundle stocks from various AI-related companies, offering a diversified approach to investing in the AI industry. This strategy spreads the investment risk across multiple companies, making it less volatile compared to investing in individual stocks.
For more detailed analysis and recommendations on OpenAI stock prices, check out the latest reports on NVDA, PRCT, SOUN, and UPST. Each stock is evaluated for its potential to buy or sell based on market trends.
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