Azeem Azhar

Now, given OpenAI is a technology stock, that somewhere else

Easiest be the NASDAQ index.

It's the stock index that aggregates most of the big tech players.

And so in my interpretation, the real question is, do I think that OpenAI is going to outperform the NASDAQ over the coming years?

Now, what I should remind you is that nothing I'm saying is financial advice, not a red sentiment.

So it's a fun experiment.

I've been thinking about it.

So let's start with some context, right?

There is a benchmark here, right?

Over the last decade, the NASDAQ index has returned roughly 13% per year.

It's pretty generous.

Over 15 years, it's returned about 17% a year, nearly 23% over the recent three years as the world has got excited about AI and this new technology.

So

What does 17%, that 15-year track record, mean?

It means that roughly every four or five years, if you'd put your money in the NASDAQ, it would double.

Not adjusted for inflation, but just in sort of nominal terms, it would double.

That's pretty punchy.

With that punchiness comes some volatility.

Prices on the NASDAQ bounce up and down.

Nothing in life comes for free.