ChatGPT Slips But Holds Ground In Top 5 Of Benzinga's Financial Advisor Test
Portfolio Pulse from AJ Fabino
Benzinga's AI-powered portfolio, managed by OpenAI's ChatGPT, slipped from seventh to fifth place in the eighth week of a six-month experiment comparing its performance against 10 leading U.S. equity funds. The portfolio, which started with a hypothetical $10,000, is currently up 8.6% over seven weeks. Tesla Inc (TSLA) continues to be the star performer in the portfolio, up 65.46% since the position was taken, while Nike Inc (NKE) is the biggest loser, down 8.75%.
July 05, 2023 | 7:15 pm
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NEGATIVE IMPACT
Nike Inc (NKE) is the biggest loser in Benzinga's AI portfolio, down 8.75% since the position was taken.
The poor performance of NKE in the portfolio indicates a negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Invesco QQQ Trust Series 1 (QQQ) is one of the benchmark ETFs in the experiment, with a seven-week performance of +13.8%.
The strong performance of QQQ in the experiment indicates a positive impact on the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SPDR S&P 500 ETF Trust (SPY) is one of the benchmark ETFs in the experiment, with a seven-week performance of +7.28%.
The solid performance of SPY in the experiment indicates a positive impact on the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tesla Inc (TSLA) continues to be the star performer in Benzinga's AI portfolio, up 65.46% since the position was taken.
The strong performance of TSLA in the portfolio indicates a positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100