Benzinga - by AJ Fabino, Benzinga Staff Writer.
We are marching into the 19th week of Benzinga's series, "Is ChatGPT A Better Financial Advisor?" With only seven weeks left in this six-month experiment, every basis point matters as ChatGPT seeks to climb the ranks and narrow the gap with the top portfolios.
The competition kicked off when Benzinga gave ChatGPT a hypothetical $10,000, challenging it to create an investment portfolio that could rival the giants of Wall Street. So, as we inch closer to the conclusion of our experiment, where does the AI stand?
| Fund/ETF | 19-Week Performance |
| SPDR S&P 500 | +7.56% |
| Invesco QQQ Trust | +14.05% |
| Schwab Total Stock Market Index Fund | +9.94% |
| Vanguard Growth Index Fund | +11.55% |
| Vanguard Value Index Fund | +4.59% |
| iShares MSCI EAFE ETF | -2.61% |
| Vanguard Total International Bond Index Fund | -1.23% |
| Fidelity Contrafund | +13.91% |
| T. Rowe Price Growth Stock Fund | +13.47% |
| Fidelity Total Market Index Fund | +9.56% |
| ChatGPT | 19-Week Performance |
| Benzinga’s ChatGPT Portfolio | +8.93% |
Now, with the countdown ticking and seven weeks left, ChatGPT's portfolio is taking aim at major players like the SPDR S&P 500 ETF Trust (ARCA: SPY) and the Invesco QQQ Trust Series 1 (NASDAQ: QQQ).
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Spotlight: Tesla Inc (NASDAQ: TSLA) reclaimed its position as the top performer in our AI-curated portfolio, while Adobe Inc (NASDAQ: ADBE) dropped to the runner-up spot following investor sell-offs in the wake of the company's earnings release.
On the losing side, Nike Inc (NYSE: NKE) still grapples with challenges, sitting at a 17.68% loss.
As per the experiment's rules, the ChatGPT portfolio will maintain its positions until the conclusion, holding firm with diamond hands.
Where does this week leave us? It's clear that ChatGPT's portfolio is staging a comeback, looking to finish strong in the final stretch of this experiment.
Missed the 18th-week update? Read it here.
Here are the stocks ChatGPT picked.
Join Benzinga next Wednesday for the 20th episode of our series, "Is ChatGPT A Better Financial Advisor?"
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