This Is How ChatGPT Selected Stocks Outperformed Experienced Fund Managers


Mohul Ghosh

Mohul Ghosh

Mar 04, 2024


A basket of 38 stocks selected by ChatGPT, an AI-powered chatbot, gained 4.9% over eight weeks, handily beating a group of top-rated UK investment funds which lost 0.8% on average.

This Is How ChatGPT Selected Stocks Outperformed Experienced Fund Managers

The experiment conducted by financial services firm Finder underscored the disruptive potential of public access to AI for retail investing.

AI Stock Portfolio Beats Funds Over 2 Months

Between March 6th and April 28th, the ChatGPT portfolio outperformed 10 of the most popular actively managed funds on Interactive Investor, a leading UK trading platform.

HSBC, Fidelity and other stalwart fund managers were included in the comparator group, which lost ground despite a 3% rise for US benchmark S&P 500 over the period.

ChatGPT picked stocks based on sound criteria like low debt levels and consistent growth. The selections included big tech names like Microsoft, Netflix and Walmart.

Early Adoption Growing Among Retail Investors

While major funds have utilized AI analytics for years, ChatGPT represents the first public glimpse of advanced AI in finance for ordinary investors.

Per a Finder survey, 8% of UK adults have already utilized ChatGPT suggestions for investing, with 19% open to doing so. But 35% rule it out for guidance on financial decisions.

As retail adoption increases, the technology could significantly reshape individual investing behavior and markets.


Mohul Ghosh
Mohul Ghosh
  • 841 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online