With six weeks under our belt, the ChatGPT portfolio is still going strong, outperforming seven of the top 10 funds. The AI-crafted portfolio held its position, maintaining a solid fourth place. Deadlocked with last week’s gain of 7.21%, the ChatGPT portfolio is proving that AI has a seat at the table in the investment arena.
The star performer is still Tesla Inc TSLA, up an impressive 59% since we opened our position, while the weakest link is Nike Inc NKE, down 6.27%.
There are no changes to our positions all positions are being held for the duration of this six-month experiment.
Want to peek into the specific stocks in Benzinga’s AI portfolio? Click here.
Also, don’t forget to check out last week’s results here.
As we assess the results, it’s critical to maintain a long-term perspective. Remember, this is a six-month-long experiment. Investing is a marathon, not a sprint, and fluctuating leaderboards are par for the course.
The goal of this series isn’t to pitch AI as a replacement for human financial advisors but to explore AI’s potential as a tool to assist in investment decisions. ChatGPT, despite its sophistication, lacks the ability to process real-time data or assess individual financial circumstances.
While it’s certainly not a licensed financial advisor, our experiment enriches the conversation about AI’s place in finance.
Join Benzinga next Wednesday for another installment in the series, “Is ChatGPT A Better Financial Advisor?” We’re excited to see how week seven pans out for the AI-crafted portfolio.
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Image and article originally from www.benzinga.com. Read the original article here.