Six Weeks In, AI Outpaces Wall Street's Elite: The ChatGPT Challenge
Portfolio Pulse from AJ Fabino
Benzinga's ongoing experiment, which pits OpenAI's ChatGPT against leading U.S. equity funds, shows that the AI's portfolio outperformed seven out of the top 10 funds after six weeks. The AI's portfolio saw a return of 6.43%, with Tesla Inc (NASDAQ:TSLA) being the top performer with a 52.1% increase, while AbbVie Inc (NYSE:ABBV) was the biggest laggard with an 8.58% loss. The experiment also compared the AI's performance with benchmark ETFs like the S&P 500 (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).
June 28, 2023 | 7:00 pm
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POSITIVE IMPACT
Tesla Inc (NASDAQ:TSLA) was the top performer in the AI's portfolio with a 52.1% increase.
The news highlights the strong performance of Tesla in the AI's portfolio, which could attract more investors, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The AI's portfolio was compared with the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) in the experiment.
The news mentions the Invesco QQQ Trust Series 1 as a benchmark for comparison in the experiment, but does not provide specific performance details. Therefore, the impact on the ETF is neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The AI's portfolio was compared with the S&P 500 (NYSE:SPY) in the experiment.
The news mentions the S&P 500 as a benchmark for comparison in the experiment, but does not provide specific performance details. Therefore, the impact on the ETF is neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
AbbVie Inc (NYSE:ABBV) was the biggest laggard in the AI's portfolio with an 8.58% loss.
The news highlights the poor performance of AbbVie in the AI's portfolio, which could deter investors, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100