ChatGPT Leans On Tesla To Power Portfolio: With Market Trends In Flux, Will AI-Driven Strategy Prevail?

As we pivot into week 14 of our ongoing series "Is ChatGPT A Better Financial Advisor?" series, the stakes keep heightening.

With 14 weeks in the rearview, let's see if ChatGPT can inch closer to the stalwarts of Wall Street. As a reminder, we’ve handed ChatGPT a cool $10,000 (hypothetically, of course) to see if its portfolio recommendations can compete with some of the market's heavyweight funds like the SPDR S&P 500 (NYSE:SPY) and the Invesco Trust Series 1 (NASDAQ:QQQ).

Also Read: New Photo Shows Just How Aggressive The Tesla Cybertruck Can Look

Here's How They Stack Up After 14 Weeks:

ChatGPT’s portfolio reeled back over the last week, reflecting broader market trends. The portfolio is now in seventh place.

Let’s spotlight a couple of movers: Tesla Inc (NASDAQ:TSLA), while still up overall, pared some gains over the week. We're up 45% on the position. On the flip side, AT&T Inc (NYSE:T) is attempting a recovery, though still lagging, down nearly 14% from our series' outset.

We’re holding all positions through a six-month timeframe.

Here’s a look at the stocks in our AI-driven portfolio, and if you missed the action from last week, catch the recap here.

Investing, as they say, isn't about the short game. As we push through this six-month journey, remember that market winds change direction. While we're putting AI to the test against some of the big dogs, it's essential to remember: ChatGPT doesn’t harness the real-time dynamism of the market yet.

What we're aiming for here isn't to herald the era of robot advisors, but to stir the pot and get investors thinking: How does AI fit into our financial future?

Join us next Wednesday as we roll into week 15 of the "Is ChatGPT A Better Financial Advisor?" journey. The game's still wide open!

Read next: Stocks Retreat, Nasdaq Hits 4-Week Low, Energy Sector Rallies: What’s Driving Markets Wednesday?

Photo: Shutterstock