Seven weeks into the experiment, ChatGPT’s portfolio is starting to slip, falling from last week’s seventh place to this week’s fifth place. The T. Rowe Price Growth Stock Fund and the Fidelity Contrafund climbed, squeaking past Benzinga’s ChatGPT Portfolio.
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Tesla Inc TSLA continues to be the star performer in our portfolio, now up 65.46% since the position was taken. Unfortunately, Nike Inc NKE returned as the biggest loser, down 8.75% since the position was opened.
Benzinga remains committed to holding all positions for the six-month duration of this 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 — yet.
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 eight unfolds for the AI-curated portfolio.
Image and article originally from www.benzinga.com. Read the original article here.