ChatGPT’s Portfolio Stages Comeback, Surging to 7th Place in Benzinga’s Financial Experiment
In the ongoing financial experiment conducted by Benzinga, ChatGPT’s portfolio has made an impressive comeback, surging to seventh place in the rankings. With only seven weeks remaining in this six-month competition, every small gain matters as ChatGPT strives to narrow the gap with the leading portfolios.
Benzinga initiated this experiment by hypothetically providing ChatGPT with $10,000, challenging it to create an investment portfolio capable of rivaling the giants of Wall Street. As we approach the conclusion of this experiment, let’s take a look at where the AI currently stands.
After a slight setback last week, ChatGPT’s portfolio has made a remarkable recovery and now sits at seventh place. With just seven weeks remaining in the competition, ChatGPT’s portfolio is eyeing major players like the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust Series 1 (QQQ).
One standout performer in the AI-curated portfolio is Tesla Inc (TSLA), as it reclaims its position as the top performer. On the other hand, Adobe Inc (ADBE) drops to the runner-up spot following investor sell-offs triggered by the company’s recent earnings release.
Unfortunately, Nike Inc (NKE) continues to face challenges, experiencing a loss of 17.68%. However, following the rules of the experiment, ChatGPT will maintain its positions until the conclusion, holding steadfast with unwavering conviction.
With the current progress, it seems evident that ChatGPT’s portfolio is staging an impressive comeback as it aims to finish strong in the final stretch of this experiment. As we eagerly anticipate the 20th episode of Benzinga’s series, Is ChatGPT A Better Financial Advisor? on the following Wednesday, we can’t help but wonder what other surprises lie in store for this AI-powered portfolio.
Remember to join Benzinga as we closely follow ChatGPT’s journey and assess its performance in the coming weeks. Will ChatGPT manage to climb even higher in the rankings or face new challenges? Stay tuned to find out.
