Nvidia isn’t the biggest AI winner two years after ChatGPT’s debut
In the two years since the launch of ChatGPT, stocks have soared to new highs, megacaps have ballooned in size and AI chipmaker Nvidia has become the second-largest stock in the U.S. by market value. But the biggest winner has in fact been a little-known Ohio-based cooling technology stock named Vertiv Holdings. Vertiv has benefited since the debut of the widely accessible chatbot in late Nov., 2022 as investors scoured the market for secondary winners from the buildout of large language models and gargantuan data centers. The first order of attention was what became the megcap technology companies. Nvidia was the 13th largest company in the U.S. when the AI craze took off, notes Jefferies' sales desk. The S & P 500 has rallied about 49%. But while megacap technology stocks have domina...
