ChatGPT Stock Picks Are Outperforming 70% Of Funds: AI Has A Seat At The Investment Table - Nike (NYSE:NK

It’s Wednesday, folks! This means it’s time to continue with the sixth installment of Benzinga's series, "Is ChatGPT a Better Financial Advisor?", the ongoing real-time showdown between OpenAI’s ChatGPT and 10 top-performing U.S. equity funds.

As always, for those just tuning in, we gave ChatGPT the task of building an investment portfolio with a hypothetical $10,000. The aim? Outpace the leading U.S. equity funds.

With week five behind us, let’s get down to business and see how our AI-constructed portfolio is holding its own against stalwarts such as the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).

The performance tracking began on May 10.

Fund/ETF	6-Week Performance
SPDR S&P 500	+5.43%
Invesco QQQ Trust	+11.82%
Schwab Total Stock Market Index Fund	+6.46%
Vanguard Growth Index Fund	+9.03%
Vanguard Value Index Fund	+2.69%
iShares MSCI EAFE ETF	-1.36%
Vanguard Total International Bond Index Fund	-0.55%
Fidelity Contrafund	+7.76%
T. Rowe Price Growth Stock Fund	+5.19%
Fidelity Total Market Index Fund	+6.46%

ChatGPT	6-Week Performance
Benzinga’s ChatGPT Portfolio	+7.21%

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 (NASDAQ:TSLA), up an impressive 59% since we opened our position, while the weakest link is Nike Inc (NYSE: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.

Read next: How To Earn $500 A Month From AT&T Stock

NKENike Inc

$42.600.07%

Overview

QQQInvesco QQQ Trust, Series 1

$706.550.09%

SPYState Street SPDR S&P 500 ETF Trust

$738.890.03%

TSLATesla Inc

$409.47-0.13%

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