Finds significant stock price changes for NVIDIA around ChatGPT releases, suggesting investor influence.
This research examines the impact of ChatGPT releases on the graphics card manufacturer NVIDIA and finds that there is a significant positive cumulative abnormal return in NVIDIA's stock price during the event window around the release of ChatGPT-3.5 and ChatGPT-4 by difference methods. Furthermore, the research also delves into the potential influence of ChatGPT on investors' investment decisions.
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Zheng et al. (2024) studied this question.
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