Here we are at the 21st week of Benzinga's six-month series, “Is ChatGPT A Better Financial Advisor?” With only five more weeks to go in our financial challenge, the question is: Can ChatGPT reclaim its former glory and secure a top spot among the financial titans?
At the outset, Benzinga gave ChatGPT a hypothetical $10,000, tasking the AI with the mission to beat the performance of Wall Street's renowned portfolios. Now, as the clock ticks down, it’s time to look at how our AI-powered portfolio is holding up in the financial battle.
This week sees ChatGPT’s portfolio taking a hit, losing some of last week's gains. However, it’s still in the game, looking to make up lost ground in the remaining weeks as each of the competing funds and ETFs saw deep sell-offs.
| Fund/ETF | 21-Week Performance |
| SPDR S&P 500 | +3.57% |
| Invesco QQQ Trust | +10.21% |
| Schwab Total Stock Market Index Fund | +4.7% |
| Vanguard Growth Index Fund | +7.07% |
| Vanguard Value Index Fund | +0.3% |
| iShares MSCI EAFE ETF | -6.21% |
| Vanguard Total International Bond Index Fund | -2.1% |
| Fidelity Contrafund | +9.59% |
| T. Rowe Price Growth Stock Fund | +7.88% |
| Fidelity Total Market Index Fund | +4.73% |
| ChatGPT | 21-Week Performance |
| Benzinga's ChatGPT Portfolio | +4.48% |
Spotlight: Tesla Inc TSLA and Adobe Inc ADBE are fighting to be ranked as the top performer of the AI-powered portfolio, up 47.05% and 47.64% respectively. However, Nike Inc NKE continues its struggle, down 17.9%.
ChatGPT’s portfolio is now in sixth place, dropping from last week’s fifth place. Benzinga is holding all stocks in the portfolio for the six-month duration, with no buy or sell orders. As week 21 wraps up, remember that investing is a long-term journey.
For those who missed last week, catch up here.
Curious about the stocks selected by ChatGPT? Click here.
Join Benzinga next Wednesday for the 22nd installment of our series, “Is ChatGPT A Better Financial Advisor?” Will ChatGPT overcome this week’s setback and surge ahead in this thrilling financial race?
Read next: 5 Stocks, 5 ETFs Make Moves After Friday Release Of Fed’s Preferred Inflation Data
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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