How to Buy Chat GPT Stock? [2024] | Step-by-step 

Summary: The popular artificial intelligence (AI) chatbot ChatGPT is not publicly traded, so there is no way to buy its shares on public stock exchanges. However, since the artificial intelligence market has become rather large, potential investors can look for some alternative investment options and buy shares in companies that have heavily invested in ChatGPT in the past. 

One such shareholder is Microsoft, which is traded on online exchanges such as eToro. In this guide, we’ll also suggest some other prominent AI stocks you can buy.

What is ChatGPT? 

The ChatGPT AI chatbot has been trained on a comprehensive range of textual data in order to learn genuine speech patterns and language structure, as well as contextual (i.e., extralinguistic) information. By relying on deep- and machine-learning algorithms, specifically things such as transformer neural networks, ChatGPT can generate authentic and relevant responses to a variety of user-provided inputs.

ChatGPT IPO

The initial public offering, or IPO for short, stands for the process during which a privately owned company offers its shares and stocks to the public for the first time. 

By going public, a company can access a larger pool of new investors, thus raising more funds to help itself grow, repay debts, or focus on new projects.

Unfortunately, ChatGPT has not entered the initial public offering stage yet. In other words, its stock is not available to the general investing public. Still, potential investors can look for some alternative investment options —  such as Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), Intel (NASDAQ: INTC), and Alphabet (NASDAQ: GOOG) — and gain exposure to the AI sector in the stock market that way. 

How to buy Chat GPT stock?

Despite being the most recognizable name in AI spaces, ChatGPT shares are still not publicly traded. However, you can still participate in the AI industry by looking for alternative or indirect investment options.

The most sensible approach would be to invest in some of the major shareholders and investors that have a stake in ChatGPT.

How to buy ChatGPT stock? Step-by-step process

To buy shares in some of OpenAI’s major investors and invest in ChatGPT indirectly, you can take the following steps:

• Step 1: Research the market and find a solid ChatGTP alternative or related company company to invest in;
• Step 2: Set up a brokerage account (we recommend eToro);
• Step 3: Fund your account;
• Step 4: Place a trade;
• Step 5: Monitor and manage your investment.

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Step 1: Research the market (5 alternatives)

As AI technology continues to advance, its transformative potential keeps becoming more and more apparent, as the way we execute some of our daily computing tasks is nothing short of revolutionizing. 

These developments are largely responsible for the appeal AI technology has for investors looking to capitalize on the growth potential of major AI stocks in industries such as software development, chip manufacturing, and crypto.

In January 2023, for example, Microsoft confirmed a $10 billion investment in ChatGPT, ensuring Microsoft Azure would be the sole cloud provider for OpenAI and that many future advancements in the ChatGPT model would be a direct result of their investment. Naturally, this has opened many doors for future investors in Microsoft itself, and not only for those looking to profit from the performance of ChatGPT.

That being said, it’s important to stay level-headed and avoid impulsive decisions. Before investing, you should consider factors such as the financial performance of the company, its competitive position, as well as its growth prospects in the AI sector.

To invest in ChatGPT indirectly or gain exposure in the AI sector, consider buying stocks of these companies: 

1. Microsoft (MSFT);
2. C3ai.Inc (AI);
3. Alphabet (GOOG);
4. NVIDIA (NVDA);
5. Upstart (UPST).

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1. Microsoft

In many ways, Microsoft is the AI stock to buy. It has been since January 2023, when it invested $10 billion in ChatGPT, which was a groundbreaking investment that helped push AI technology into the investing mainstream. Of course, Microsoft is a conglomerate information technology giant with a strong presence in a number of related industries, so its optimism and faith in AI were enough to convince many investors.

Microsoft’s enthusiasm in regard to AI became clearer with the Windows 11 update. The new OS introduced the Bing AI chatbot, which now allows users to pose questions simply by utilizing the Windows 11 search bar. If the GPT model continues to advance and finds its way to more Windows users, there is a high chance its performance could lead to a rise in value of the Microsoft stock.

Microsoft stock price today

Your capital is at risk.

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2. C3ai.inc

C3.ai went public with one of the biggest IPOs in the AI sector, and its stock price more than doubled virtually immediately after the initial pricing. Since then, however, C3ai has been known for its unstable performance, even earning the moniker of a consistently unprofitable company. Still, the company saw a 5.6% year-on-year improvement between 2022 to 2023, and the company is optimistic about its switch from a subscription-based to a consumptionbased model, hoping fiscal 2024 is going to be more successful. If you have a higher risk tolerance, C3ai might at least be worth keeping an eye out on.

C3ai.inc stock price today

Your capital is at risk.

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3. Alphabet

As Google’s parent company, Alphabet needs no comment, but its involvement with AI does. Namely, Alphabet unveiled its very own AI chatbot named Bard AI in 2023, thus joining the fray with its competition, ChatGPT and Bing. 

Google Bard brought a lot to the AI table, for example, its Pathways Language Model (PaLM 2) and nonprofit Common Crawl collection. More importantly, there is Bard’s Google Search access, which lets it fetch answers directly from the internet. As Google dominates 86.4% of search engine market share, this functionality might give Bard a significant edge over its competition.

Alphabet stock price today

Your capital is at risk.

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4. NVIDIA

We are used to associating NVIDIA with gaming, but AI is now the company’s main focus, which has got a lot of gamers worried about the future of NVIDIA GPUs. After all, GPUs are an essential component in developing AI applications, as their use in training extensive language models ensures seamless processing of diverse datasets. NVIDIA is also heavily involved with Meta, particularly when it comes to AI supercomputers, and it collaborates with Dell Technologies on a diverse range of AI applications designed for enterprises.

NVIDIA stock price today

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5. Upstart

The Upstart stock has been having a bit of a rough time lately, seeing some rather drastic drops in August 2023 (more than 50% compared to July). However, the company is by no means doing bad. It pulled some interesting moves in the automotive industry, with companies like Mercedes endorsing its software solutions. The automotive market is one of the largest in the world, so Upstart seems to be on the right track in diversifying its operations in a less risky sector. If everything goes well, it might translate to better performance and, thus, higher stock value.

Upstart stock price today

Your capital is at risk.

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Step 2: Set up a brokerage account

To invest in some of the dominant players in the AI industry, you’ll need to find a reliable broker. To find one that suits your investment needs and strategies, consider factors such as:

• Broker reputation: Look for brokers with a strong reputation and licenses issued by bodies such as the Financial Conduct Authority (FCA) or Financial Industry Regulatory Authority (FINRA);
• Fees and commissions: Generally, it is advisable to look for platforms that offer lower fees. However be careful that lower fees do not come at the expense of other aspects of the platform, such as security;
• Range of offerings: Look for brokers that offer a wider assortment of investment products, such as mutual funds, ETFs, or options;
• Customer support: Prompt customer support and a number of contact channels, such as phone, email, or live chat, are indispensable if you are in need of urgent assistance.

 

Step 3: Fund your account

Once you have completed the registration process, it is time to transfer funds to your brokerage account. Typically, the process involves linking your bank account or another payment method like PayPal (PYPL) to your newly created brokerage account.

Step 4: Place a trade

Once you have added some funds, you can place a trade to buy shares of the company you have chosen. 

For example, if you are investing in Microsoft on eToro, simply head to the broker’s website and search for the company’s ticker symbol — MSFT — and specify the number of shares you wish to buy. Then, choose your order type (market, limit, options), and execute it.

Step 5: Monitor and manage your investment

Learning how to buy Chat GPT stock is just the beginning — once you have purchased your shares, it is essential to consistently and diligently monitor your investment. That means staying updated on the performance of the company you invested in, the AI industry and its trends, and all potentially significant news or developments that could influence relevant stock prices.

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Should you invest in ChatGPT?

As mentioned, AI tech is already starting to revolutionize various aspects of our lives. However, as AI is still relatively new, we must not forget that some concerns are still being raised about its safety and ethics. In other words, whether investing in ChatGPT is a good idea will depend on your risk tolerance. 

For investors willing to take some risk, investing in ChatGPT or related AI stocks can be a worthwhile option. That goes especially if they consider companies like Microsoft, which boast a diverse range of products in various industries, which they can use to further the advancement and distribution of AI platforms. 

Top 5 ChatGPT-related stocks to invest in

Company	2024 Q3 Market capitalization
Microsoft (NASDAQ: MSFT)	$3.08 trillion
Alphabet (NASDAQ: GOOG)	$1.83 trillion
Nvidia (NASDAQ: NVDA)	$2.65 trillion
C3ai.Inc (NASDAQ: AI)	$2.73 billion
Upstart (NASDAQ: UPST)	$3.01 billion

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Chat GPT stock

What is ChatGPT?

ChatGPT is an AI-based language model designed to understand and generate human-like text responses based on user-provided inputs.

Is ChatGPT publicly traded?

ChatGPT is still a private company, and so is OpenAI, the company that developed it.

Can you buy ChatGPT stock?

Since OpenAI, the company that developed ChatGPT, is not publicly traded, you cannot invest in ChatGPT directly. You can, however, invest in companies such as Microsoft, which is in a strategic partnership with OpenAI as one of their major investors.

Can you invest in ChatGPT?

ChatGPT is not a publicly traded company, so you cannot invest in it directly.

What is ChatGPT stock symbol?

ChatGPT is not publicly traded, so it does not have its own ticker/stock symbol.

Should you invest in ChatGPT?

ChatGPT is not publicly traded, so you cannot invest in it directly. However, you can invest in other companies in the AI sector. Whether that is a good idea or not will depend on your risk tolerance and financial goals. The AI sector is growing quickly and the AI technology is highly innovative, so investing in AI-focused companies might be a good way to diversify your portfolio.

How to buy Chat GPT stock directly?

Buying ChatGPT stock directly is not possible since ChatGPT is not a separate publicly traded company.

Is there a Chat GPT stock IPO in 2024?

There have been no news of a ChatGPT stock IPO.

Are there ETFs with exposure to ChatGPT?

There are no ETFs with direct exposure to ChatGP, but you still invest in ETFs that include companies working with ChatGPT or developing their own generative AI programs. Some include:

1. Invesco AI and Next Gen Software ETF (NYSEMKT: IGPT);
2. Roundhill Generative AI & Technology ETF (CHAT);
3. iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).

Who owns ChatGPT?

ChatGPT is a product developed and owned by OpenAI.

Is ChatGPT on the stock market?

No, ChatGPT is not a company but a product created by OpenAI.

What is ChatGPT search engine?

ChatGPT has recently teased its AI-powered search engine, but there are not many detailed available yet.

Why is Microsoft investing in ChatGPT?

Microsoft has invested at least $3 billion in OpenAI to support the development of its powerful AI chatbot. Microsoft stands to benefit from this since Azure cloud computing business licenses OpenAI’s technologies.

How much does it cost to run ChatGPT?

In 2023, it was estimated that it cost $700,000 a day to run ChatGPT.

What's the best AI stock to buy?

While it is hard to gauge what AI stock is the best, NVIDIA is without a doubt a frontrunner in generative AI.

How to invest in OpenAI’s ChatGPT?

You cannot invest in ChatGPT since it’s not a publicly traded company. Instead, you can invest in some of its alternatives or backers such as Microsoft.

What's the future of ChatGPT?

ChatGPT has been a major success, with a lot of investors backing it up. Its future, therefore, seems bright.

Does Elon Musk own a stake in OpenAI?

Musk was a co-founder of OpenAI, but he left the company in 2018. Since then, he has not had a major stake in the company and has been known to criticize it.