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Barchart
Barchart
Omor Ibne Ehsan

How Instacart Stock Could Be an Unlikely Winner From the Latest LLM Updates

Internet stocks have gotten crushed this year, and many are still trading down as investors trim their software holdings. Maplebear (CART), which operates as Instacart, has been part of this trimming process, too — but it may rebound faster as the fears surrounding CART stock start to become disproven.

The prevailing fear is that ChatGPT and Alphabet's (GOOGL) AI products will become the new "front door" to commerce and cut out companies like Instacart entirely. TD Cowen analysts had previously warned that AI platforms could become "the new OS," thereby replacing apps altogether.

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