Two years after the launch of ChatGPT.. Who are the most prominent winners?

On top of many Technology companies major developments in the landscape as they strengthened their market power and became the main drivers of economic growth. Among these companies, “NVIDIA“As a major player in the smart chip manufacturing sector, achieving a qualitative leap, forming a pioneering model in… The digital age.

These advances reflect major trends reshaping the global economy, as technical innovation has become not only a supporting tool, but a major driver of growth for broad sectors, redefining competition and strengthening the position of companies that invest in advanced technology.

The most notable winners

According to the report of the American network “CNBC”, which reviewed the site “Ektisad Sky News Arabia”, in the past two years since the launch… ChatGPTStocks soared to new highs, major companies grew in size, and smart chip maker Nvidia became the second largest stock in the United States in terms of market capitalization.

But – according to the report – the biggest gainer in reality was shares in Vertiv Holdings, which specializes in… Cooling technology Which is based in Ohio, which is not very well known.

• The aforementioned company has benefited since the chatbot became widely available in late November 2022.
• Investors have been studying the market looking for secondary winners in building large language models and massive data centers.
• The first attracted the attention of a giant technology company. NVIDIA was the 13th largest company in the United States when the artificial intelligence wave took off, according to the sales desk at Jefferies.
• But while mega-cap tech stocks have dominated investor attention since the start of the overall AI market, Jeffries singled out Vertiv as one of the biggest winners, up 861 percent over the past two years. In 2023 alone, its stock is up 165 percent, and has more than tripled in size since the start of 2024.
• Vertiv produces the energy-intensive cooling and data center infrastructure that is fueling the boom artificial intelligence. Demand has grown as customers look for ways to manage every aspect of their data center needs.

In his remarks last October, following Vertiv’s latest earnings report, CEO Giordano Albertazzi justified the stock’s dramatic rise and highlighted why the outlook for the future remains bright.

“We believe we are in a very strong position to enjoy the benefits — the acceleration of AI-driven demand across the data center industry, and we are a leader in data center infrastructure,” he said.

Nvidia is the second best performing company, as its shares are up 722 percent since the launch of ChatGPT.

• The company (Nvidia) has become the model for all things AI, with its GPUs supporting the technology’s large language models.
• Advanced Micro Devices (AMD) and Broadcom Since this trend, their stock has jumped 90 percent and 208 percent, respectively, since they introduced ChatGPT.

Seven giants

Jeffries indicates that the shares of the “Gig Seven” group jumped by 203 percent, while the shares of the companies rose Semiconductors by 77 percent in the last two years.

According to the company, capital spending on AI has outperformed the S&P 500 by 230 percent.

Along with Vertiva, Modine Manufacturing is among the low-profile winners in the AI ​​race. The company’s shares, which specialize in air cooling, have risen by about 550 percent in the past two years, and their value will more than double in 2024 alone.

Jeffries also highlighted some of the losers in the AI ​​space, including several edtech platforms like Chegg, as well as call center companies that are now seen as threatened by the rise of artificial intelligence. Intel also underperformed, with its shares down 19 percent.

It is important to note that the “Big Seven” is the term given to the seven largest companies in terms of market value in the sector Technology Listed on Wall Street in the United States: Nvidia and Microsoft And Abel and Amazon And the alphabet And Mita Vacla.

jump OpenAI

In an exclusive statement to the Ektisad Sky News Arabia website, San Jose State University Academic Advisor and Information Technology Specialist Ahmed Banafa says that two years after launching ChatGPT, OpenAI is leading… The race of artificial intelligenceAy, pointing out that the company, in his estimation, is the biggest winner in the field of artificial intelligence in the last two years, together with strategic partners such as Microsoft.

He explains that OpenAI Demonstrated unmatched technical leadership through… ChatGPT, which changed concepts about the potential of artificial intelligence and its ability to achieve commercial success, listing the most prominent evidence of the company’s success, as follows:

• His innovations have transformed artificial intelligence into a business and strategic force.
• Through subscription models such as ChatGPT Plus, it has provided continuous financial streams to support the development of technologies.
• Its partnership with Microsoft has allowed it to expand globally and reach a wide audience. The investment of over 13 billion dollars in OpenAI was a strategic step to strengthen its position in the market.
• Integrating OpenAI technologies into products such as Microsoft 365 and Azure has made it a major player in cloud infrastructure. This has helped deliver integrated AI-driven services.

He highlights Google’s efforts to catch up, as it strengthens its presence through development Twins And improving artificial intelligence platforms. At the same time, he notes that companies like NVIDIA have benefited greatly from growing demand for GPUs for training smart models, leading to record profits.

wound AI

At the same time, Banafa emphasizes, “the momentum continues.” artificial intelligence“, stressing that the current momentum can continue thanks to fundamental factors, including:

• Continuous innovation: The necessity of developing new technologies that meet the changing needs of users.
• Laws and Regulations: Although laws may slow the pace of development, larger companies will be able to better comply and use this as a source of strength.
• Expanding the scope of application: The entry of artificial intelligence into new fields such as health, education and industry will increase its power.

Dr. concludes. Ahmed Banafa said: “Companies that combine innovation, regulatory compliance and expanding practical applications will remain at the forefront in the coming years.

An unprecedented rise

In turn, the Administrative Sciences and Information Technology Consultant at G&K, Assem Jalal, points out to the Ektisad Sky News Arabia website that:

• The past two years, from November 2022 to December 2024, have witnessed an unprecedented rise in AI tools, platforms and software.
• These tools have contributed to the creation of new content, solving problems and improving the functional and creative performance of people, which has led to the entry of a large number of companies into this ever-changing market.
• Some of these companies quickly left the market, while others disappeared Acquisition It is used by larger companies. Some companies also saw a decline due to the rapid development of other parties.

Jalal explains that these changes reflect the innovation revolution the AI ​​sector is witnessing. However, profitability in this area remains a major challenge; Most companies face difficulties in generating profits commensurate with their huge investments. This is due to a number of factors, including:

• Intense competition.
• Excess supply compared to paid demand.
• In addition to the general trend towards using these tools for free.

He adds: “At this stage, the priority is not to achieve profitability, but to control as much market share as possible… As the market matures and the number of players decreases, it will begin Companies Focusing on achieving sustainable profits.

In terms of countries, Jalal confirms that the United States clearly dominates the AI ​​market. Despite US sanctions on China, the latter has shown a strong competitive performance that parallels that of the US, despite the gap in technical capabilities and infrastructure. As for Europe, he described its performance as “existing, but not strong competition”, noting that the old continent did not live up to desired expectations in this area, despite the presence of prominent European companies.

Jalal concludes his talk by identifying the biggest beneficiaries of this tech revolution, noting that consumers who have been able to use AI tools to improve their productivity and creativity are the real winners so far. These individuals were able to develop new skills and increase their earnings, either in business or career advancement, proving that intelligent use of these tools can bring significant positive transformation on a personal and professional level.