Lee Min-hyung joined The Korea Times in 2014 and has worked as a journalist mainly in Korea’s finance, tech and automotive industry. He specializes in content creation, breaking news and in-depth analysis currently on transportation and mobility. You can reach him via mhlee@koreatimes.co.kr.
ChatGPT-themed stocks report triple-digit growth on Kosdaq
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By Lee Min-hyung
By Lee Min-hyung
Stocks related to ChatGPT are displaying triple-digit growth on the secondary Kosdaq market due to the global sensation of the artificial intelligence (AI) chatbot.
According to data from the Korea Exchange, shares of Konan Technology topped the list in terms of stock price growth on the tech-savvy stock market here. The stock price of the AI-powered text analysis solutions provider soared by more than 280 percent from the start of 2023 to Feb. 14.
The sharp rise of the company was driven by the growing popularity of ChatGPT here and abroad. Other companies operating AI businesses have also experienced an unprecedentedly robust stock rally.
OPENEDGES Technology came in second, with its stock price soaring by 214 percent during the same period. The company is a global AI platform solution and memory system provider.
Shares of Selvas AI also surged 168 percent due to the growth potential of its advanced AI-powered voice-recognition services. Other AI-related firms also placed their names on the top 10 list in terms of stock price growth here.
Market analysts, however, urged investors not to go on a blind buying spree of AI-themed stocks simply due to the rise of ChatGPT.
“The new game changer will deepen competition in the search engine market among big tech firms, and this will bring changes to the industrial paradigm,” Woo Ji-yeon, an analyst at IBK Investment & Securities, said.
But the analyst left open the possibility of such mid- to small-sized AI stocks to face price adjustment.
“Investing in large-cap stocks with solid fundamentals and bigger growth potential looks to be more attractive than mid- to small-sized ones which come with a high likelihood of experiencing price adjustments,” the analyst said.
Earlier, OpenAI, the ChatGPT developer, said the number of the chatbot's daily active users topped 28 million, shortly after its launch in November last year.