ChatGPT Stock Picks Are Outperforming 70% Of Funds: AI Has A Seat At The Investment Table
Portfolio Pulse from AJ Fabino
In the sixth week of Benzinga's series comparing ChatGPT's investment portfolio to 10 top-performing US equity funds, the AI-constructed portfolio outperformed 7 of the 10 funds, maintaining a solid fourth place with a 7.21% gain. Tesla (TSLA) remains the star performer, up 59%, while Nike (NKE) is down 6.27%.
June 21, 2023 | 4:51 pm
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POSITIVE IMPACT
Tesla's stock has risen 59% since the start of the ChatGPT portfolio, contributing to its strong performance.
Tesla's impressive 59% gain since the start of the ChatGPT portfolio has significantly contributed to the portfolio's strong performance, making it the star performer.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The Invesco QQQ Trust Series 1 (QQQ) has a 6-week performance of +11.82%, outperforming the ChatGPT portfolio.
The QQQ's 6-week performance of +11.82% is higher than the ChatGPT portfolio's 7.21% gain, indicating that the AI-constructed portfolio is underperforming the QQQ.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) has a 6-week performance of +5.43%, underperforming the ChatGPT portfolio.
The SPY's 6-week performance of +5.43% is lower than the ChatGPT portfolio's 7.21% gain, indicating that the AI-constructed portfolio is outperforming the SPY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Nike's stock has declined 6.27% since the start of the ChatGPT portfolio, making it the weakest link in the AI-constructed portfolio.
Nike's 6.27% decline since the start of the ChatGPT portfolio has negatively impacted the portfolio's performance, making it the weakest link.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100