Best AI Stocks Of November 2024


how to buy openai stock

More than a year after ChatGPT’s release, Nvidia has emerged as the biggest winner from the AI boom since cloud infrastructure companies and others need its chips to run AI models. The first step to buying or selling any share of stock is to open a brokerage account. Brokerage accounts are accounts issued and approved by licensed stockbrokers, companies that may buy and sell assets on behalf of customers. For retail investors, there’s no way to gain direct exposure to OpenAI stock.

Reports emerged in late Sept. 2024 than OpenAI is working to restructure itself into a for-profit corporation and remove nonprofit control. It is not known at the time of this update whether the board has approved this change, when it would go into effect, or if there are any plans to move toward an initial public offering (IPO) after restructuring. We believe everyone should be able to make financial decisions with confidence. While Elon Musk was a co-founder and originally invested $50 million to start the lab, he sold his stake to Microsoft and left the company in 2018. Its $157 billion valuation makes it the third most valuable private company in the world, behind only ByteDance (the parent company of TikTok) and SpaceX.

Invest via the Fundrise Innovation Fund

While you cannot currently buy OpenAI stock, you can prepare yourself if the company does decide to seek an IPO. Use the following steps to stay prepared — and prime yourself for additional AI investment opportunities. As with ChatGPT, users can key in a query, request or prompt and it will provide a human-like response.

However, if you’re considering an investment, there are a few things to keep in mind. You may also want to invest indirectly through Microsoft (MSFT), which has close ties to the lab. The Innovation Fund is open to all U.S. residents, has an annual management fee of 1.85%, and a minimum investment of just $10. Fortunately, you don’t need to wait for it to go public to gain exposure to OpenAI and ChatGPT.

how to buy openai stock

Risks in Buying OpenAI Stock

The stock price has averaged returns of 27.5% over the last 10 years. The stock makes the best AI stocks list because of its strong yearly performance as well as analysts projecting strong EPS growth over the next five years. Analysts predict a move into profitability in 2024, with an EPS estimate of 48 cents per share. However, if earnings growth continues as expected, the high valuation is fair.

OpenAI IPO

  • Understanding the difference between privately held and publicly traded companies is crucial to grasp why purchasing OpenAI shares isn’t possible.
  • While investing directly in OpenAI might not be feasible at present, you can still explore artificial intelligence investments through other publicly traded avenues.
  • Hiive is a marketplace that connects shareholders of private, VC-backed companies who want to sell their pre-IPO shares to accredited investors.
  • The company expects to lose about $5 billion this year, the person said.
  • Arm’s CPU designs excel at conserving power, which is why they’re used in 99% of smartphones and why they’re becoming popular for AI data center components.

The Motley Fool Stock Advisor has 3X’ed the S&P 500 over the last 20 years, outperforming the market 3-to-1 with 173 stock recommendations with 100% returns. Chips are the building blocks of the technology we use every day. The Invesco AI and how cryptocurrency uses more electricity per transaction than any other method Next Gen Software (IGPT 0.11%) focuses on AI stocks that are closely related to generative AI and ChatGPT. Arm Holdings has seen its growth rate accelerate in recent months as AI demand begins to flow, and the company is benefiting because of its low-power CPU architecture.

Register now to unlock exclusive access to hundreds of high-growth startups, like Stripe, SpaceX, Reddit, and OpenAI. Sam Altman, the CEO and co-founder of OpenAI, stated in June 2023 that his business had no intention of going public. He was briefly let go by the firm in late 2023, but following a barrage of criticism, he swiftly returned to OpenAI. Unless OpenAI significantly expands, Microsoft’s 49% stake in the approximately $86 billion company will have minimal impact on its market value of $3.07 trillion. This product marked its shift towards broader AI research applications.

Our editors are committed to bringing you unbiased ratings and information. We use data-driven methodologies to evaluate bitcoin struggles to shake off ‘ponzi scheme’ reputation 2020 financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the investing methodology for the ratings below. EquityZen created the ticker symbols referenced on this page for use solely on the EquityZen platform. EquityZen does not have an affiliation with, formal relationship with, or endorsement from any of the companies featured and none of the statements on the site should be attributed to those companies.

The nonprofit Voltage Park, backed by crypto billionaire Jed McCaleb, last October announced that it’s investing $500 million in GPU-backed data centers. And Together AI, a cloud GPU host that also conducts generative AI research, in March landed $106 million in a Salesforce-led round. However, if you’re an accredited investor, you can gain exposure to private companies 7 tips on how to protect your bitcoins should you choose to invest including xAI through Hiive. Many AI stocks are publicly traded companies listed on the world’s major stock exchanges. Other companies, such as c3.ai are listed on the New York Stock Exchange (NYSE).


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