Business Insider - What to buy instead of hyped tech stocks

Artificial intelligence stocks have seen a surge in investor interest since OpenAI's ChatGPT launched in November, with little-known names like C3.ai, SoundHound AI, and others enjoying triple-digit returns.

But the wiser long-term play would be to instead look to the companies building AI infrastructure, according to Jan Szilagyi, the chief executive and co-founder of markets analytics platform Toggle AI.

In other words, don't look for gold during a gold rush, but go invest in the shovels.

"If you want to invest in AI, the best potential is in the infrastructure companies," Szilagyi told Insider. "If you think that there is going to be greater usage of a host of tools and versions of ChatGPT, then these are the companies that will see the biggest spikes, at least in public markets."

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