The stock market is heating up, and Benzinga’s ChatGPT Stock Challenge is here to bring you the latest results. In the ninth week of this six-month series, we continue to explore whether ChatGPT can outperform some of the top U.S. equity funds. Let’s dive in and see how things are shaping up.
For those who may not be familiar with ChatGPT, it is an AI-powered tool developed by OpenAI. In this challenge, ChatGPT was given a hypothetical $10,000 to create a portfolio with the goal of outperforming various U.S. equity funds.
Now, let’s take a closer look at how our AI-curated portfolio performed in the eighth week, particularly against well-known ETFs such as the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust Series 1 (QQQ).
In the Benzinga portfolio, Tesla continues to be the biggest winner, with a significant increase of nearly 63% since the position was opened. This highlights the success of ChatGPT’s strategy in selecting Tesla as a promising investment option.
As we move into the ninth week, it’s important to note that ChatGPT’s performance will be closely monitored to determine if it can maintain its success and outperform the leading U.S. equity funds. The competition is fierce, but ChatGPT has already shown its potential.
If you’ve been following our journey from the beginning, you know that this challenge aims to answer the question: Is ChatGPT a better financial advisor? With each passing week, we gather more data to evaluate ChatGPT’s performance and provide insights into its capabilities.
As we progress through this series, we encourage you to stay engaged and follow along with our updates. Whether you’re an experienced investor or just getting started, the insights provided by ChatGPT can offer valuable information and perspectives.
In conclusion, the results of Benzinga’s ChatGPT Stock Challenge in week 9 show promising signs of success. Tesla remains a strong performer in the portfolio, and ChatGPT continues to demonstrate its potential as a financial advisor. Stay tuned for more updates as we navigate through this exciting challenge, and remember to always do your own research before making any investment decisions
