The rise of artificial intelligence (AI) at the dawn of this era may well stand as one of the most momentous leaps in technology across the past half-century – a contention that investors clearly hold dear.
Bespoke Investment Group underscored on the weekend that following the introduction of OpenAI’s ChatGPT a mere couple of years ago, the tech-centric Nasdaq 100 (NDX) has witnessed a surge unlike any seen in the wake of a major technological debut in over 50 years.
OpenAI unveiled ChatGPT to the public on November 30, 2022 – a date that has now etched itself as a pivotal moment in spotlighting the prowess and possibilities of AI.
Since that pivotal November juncture, the Nasdaq 100 (NDX) has skyrocketed by 69.01% surging from 12,030.06 points to 20,331.49 points.
Per Bespoke data, this ascent surpasses the index’s performance in the corresponding period post the trailing technological milestones:
- The unrolling of Microsoft (MSFT) DOS on August 12, 1981.
- The inauguration of AOL on February 28, 1991.
- The unveiling of Netscape’s web browser on December 19, 1994.
- The arrival of the first iteration of Apple’s (AAPL) iPod on November 10, 2001.
- The debut of MySpace on August 1, 2003.
- The launch of the original Apple (AAPL) iPhone on January 9, 2007.
Refer to Bespoke’s chart below for a visual representation:
Below are some additional indexes and exchange-traded funds pertinent to the Nasdaq 100 (NDX) that stakeholders can monitor: (COMP:IND), (QQQ), (QLD), (TQQQ), (QID), and (SQQQ).
Insights on the Nasdaq 100 Index Post-ChatGPT