Junior Bankers Beware: ChatGPT May Be A Better Stock Picker Than You
Portfolio Pulse from AJ Fabino
Benzinga's AI experiment, 'Is ChatGPT A Better Financial Advisor?' is in its eleventh week. The AI-curated portfolio, which started with a hypothetical $10,000, is compared against 10 leading U.S. equity funds. The portfolio has performed well, with a 11.21% increase, and is among the top five contenders. Tesla Inc (TSLA) has been a strong performer in the portfolio, up 56.2% since the start of the experiment, while AT&T Inc (T) has underperformed, with shares down 10.83%.
July 26, 2023 | 10:05 pm
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NEGATIVE IMPACT
AT&T Inc (T) has underperformed in the AI-curated portfolio, with shares down 10.83% since the start of the experiment.
The underperformance of T in the AI-curated portfolio indicates a negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Invesco QQQ Trust Series 1 (QQQ) has seen a 15.84% increase in the 11-week period of the experiment.
The positive performance of QQQ in the 11-week period indicates a positive impact on the ETF.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
SPDR S&P 500 ETF Trust (SPY) has seen a 10.11% increase in the 11-week period of the experiment.
The positive performance of SPY in the 11-week period indicates a positive impact on the ETF.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Tesla Inc (TSLA) has been a strong performer in the AI-curated portfolio, up 56.2% since the start of the experiment.
The strong performance of TSLA in the AI-curated portfolio indicates a positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80