AI Vs. Wall Street: ChatGPT Portfolio Slips To Eighth As Benzinga Experiment Nears End

We're now in the 18th week of Benzinga's series, "Is ChatGPT A Better Financial Advisor?" As we approach the final eight weeks of this six-month experiment, the opportunity to climb the leaderboard is narrowing.

Benzinga gave ChatGPT a hypothetical $10,000 to craft an investment portfolio to challenge the heavyweights of Wall Street.

So how are ChatGPT’s picks doing? Tracking began on May 10:

A volatile week saw ChatGPT's portfolio drop to eighth place, compared to other portfolios being tracked beginning in May.

With only eight weeks remaining in this half-year showdown, ChatGPT's portfolio, which reached its peak in July, now faces a challenging climb to outperform leading funds like Invesco QQQ Trust Series 1 (NASDAQ: QQQ) and the SPDR S&P 500 ETF Trust (ARCA: SPY).

Spotlight: Adobe Inc (NASDAQ: ADBE) is still the leader in Benzinga’s ChatGPT portfolio, up 63%, while Tesla Inc (NADSAQ: TSLA) trails with a 48% gain. In contrast, Nike Inc (NYSE: NKE) is still the biggest laggard, down 14.6%.

Maintaining the long-term view, all stocks in the ChatGPT portfolio will be held until the experiment concludes.

So, where does it leave us? While it's premature to draw conclusions, it's evident that the ChatGPT portfolio faced some headwinds over the past month.

Missed the 17th-week scoop? Read it here.
See the nitty-gritty of our portfolio here.

Stay tuned with Benzinga next Wednesday for the 19th episode of our series, "Is ChatGPT A Better Financial Advisor?"
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