ChatGPT Stock Picks Are Outperforming 70% Of Funds: AI Has A Seat At The Investment Table - Invesco QQQ T
Hello everyone, it's already mid-week! Today, we will be bringing you the latest update on Benzinga's article series, "Is ChatGPT the Best Financial Advisor?" In this article sequence, we are closely comparing OpenAI's ChatGPT with the top 10 performing U.S. equity funds in real-time.
As usual, for those who are new here, we assigned ChatGPT with the responsibility of constructing an investment profile with an assumed sum of $10,000. The objective? To surpass the performance of the best U.S. stock funds.
Now that week five is over, it's time to focus and examine how our portfolio, which was created using artificial intelligence, is performing in comparison to well-established investments like the SPDR S&P 500 ETF Trust SPY and Invesco QQQ Trust Series 1 QQQ.
The monitoring of performance initiated on the 10th of May.
Tesla Inc is still the best performer, with an outstanding increase of 59% since we began investing, while Nike Inc is the weakest, with a decrease of 6.27%.
During this six-month experiment, we are not making any alterations to our positions and they will be maintained as they are.
Would you like to take a look at the individual stocks in Benzinga's AI portfolio? Simply click on this link. And, make sure to peruse the results from last week, too. You don't want to miss out.
When we analyze the outcomes, it's important to keep in mind the bigger picture. Keep in memory that this trial goes on for half a year. Putting money into something is like running a long-distance race instead of a quick sprint, and changes in the order of the top performers are normal.
The intention of this set of articles is not to put forward AI as a substitute for human financial advisors. Instead, it aims to examine the chances of AI as an aiding instrument to help make investment decisions. Although ChatGPT is highly advanced, it is incapable of handling current data in real-time or evaluating personal financial situations.
Although it does not have the authorization of a certified financial expert, our trial enhances the dialogue about the application of AI in the field of finance.
Come and be part of Benzinga's next event next Wednesday as we bring you another edition of the "Is ChatGPT A Better Financial Advisor?" series. Our team is thrilled to witness the outcome of week seven of the AI-engineered portfolio.
Check out our latest post on ways to generate an extra $500 monthly income from your AT&T shares!
The information found on Benzinga.com during the year 2023 is not intended to be investment advice. All access and reproduction of the website's content are subject to copyright laws and protections.
