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The Street Is Feeling The Heat: Week 9 Results Of Benzinga's ChatGPT Stock Challenge

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The Street Is Feeling The Heat: Week 9 Results Of Benzinga's ChatGPT Stock Challenge

Happy Wednesday! We are now in the ninth week of Benzinga's six-month series, “Is ChatGPT A Better Financial Advisor?” If you’ve been following our journey (or even if you haven’t and this is your first visit), buckle up — it's time to show and tell.

Our AI-powered journey with OpenAI’s ChatGPT, pitted against 10 of the leading U.S. equity funds, continues in its pursuit to answer: Is ChatGPT a better financial advisor?

A quick recap for our newcomers: ChatGPT was given a hypothetical $10,000 to create a portfolio, intended to outperform several leading U.S. equity funds.

So, how did Benzinga's AI-curated portfolio fare in the eighth week, particularly against prominent ETFs like the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ)?

Read Also: CPI Inflation Falls To Lowest Level Since March 2021: Traders Rethink Fed’s Policy Outlook

The performance tracking began on May 10: Let's get into it.


Fund/ETF 8-Week Performance
SPDR S&P 500 +8.26%
Invesco QQQ Trust +14.8%
Schwab Total Stock Market Index Fund +7.27%
Vanguard Growth Index Fund +12.24%
Vanguard Value Index Fund +4.34%
iShares MSCI EAFE ETF -0.43%
Vanguard Total International Bond Index Fund -0.99%
Fidelity Contrafund +9.08%
T. Rowe Price Growth Stock Fund +10.85%
Fidelity Total Market Index Fund +8.13%



ChatGPT 8-Week Performance
Benzinga's ChatGPT Portfolio +8.87%


It has been eight weeks into our experiment and ChatGPT's portfolio is essentially deadlocked with last week. Retaining its position in the top five, Benzinga's ChatGPT Portfolio remains a key player in this competition.

The star of our portfolio, Tesla Inc (NASDAQ:TSLA) remains in the lead, up 62.24% since the position was taken. On the other hand, Nike Inc (NYSE:NKE) continues to lag, down 7.56% since Benzinga began the experiment.

Benzinga remains committed to holding all positions for the six-month duration of the experiment.

Curious about the specific stocks in Benzinga's AI portfolio? Click here.
You can also look at last week's results here.


It's crucial to keep a long-term perspective as results are evaluated. This experiment will run for six months, and as the saying goes, investing is a marathon, not a sprint. Regular fluctuations in the leaderboard are to be expected.

The aim of this series isn't to present AI as a substitute for human financial advisors. Instead, it aims to highlight AI's potential as a tool to aid investment decisions. While ChatGPT is an advanced AI, it lacks the ability to process real-time data or evaluate personal financial situations — but that may change soon.

And while ChatGPT isn't a licensed financial advisor, our experiment contributes to the ongoing conversation about AI's role in finance.

Join Benzinga next Wednesday for the next installment of the "Is ChatGPT A Better Financial Advisor?" series. Benzinga looks forward to seeing how week nine unfolds for the AI-curated portfolio.

Read Next: Stocks Pulsate As June Inflation Undercuts Expectations: 10 Major Reactions

Photo: Shutterstock

 

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