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2023-04-19
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Can AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)
Zyn
2023-04-19
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Can AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)
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ChatGPT Says Yes. (And Gives 13 Favorites!)","url":"https://stock-news.laohu8.com/highlight/detail?id=1129578482","media":"InvestorPlace","summary":"The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommenda","content":"<html><head></head><body><ul><li><p>The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.</p></li><li><p>GPT-4 can browse the internet, making its picks more timely than before.</p></li><li><p>However, the chatbot seems to lack some fundamental understanding of stock analysis.</p></li></ul><p>Back in February, I “tricked” ChatGPT into picking stocks to buy. Using creative prompt engineering, I nudged the ordinarily tight-lipped GPT-3.5 version to create a list of 30 stock picks.</p><p style=\"text-align: start;\"><em>The recommendations were surprisingly good.</em></p><p style=\"text-align: start;\">The chatbot created a list of growth, value and short stocks that essentially distilled the knowledge of the internet. Any investor who followed along would have returned 7.2% in the past two months!</p><p style=\"text-align: start;\">But the list lacked a sense of timely insight. ChatGPT could only “see” news through September 2021, making its recent performance more about luck than skill. The same list of stocks badly underperformed in 2022. The artificial intelligence (AI) chatbot also lacked any notion of risk management. An investor following AI’s recommendations since February would have seen their margin accounts blow up when picks like <strong>AMC Entertainment</strong> (NYSE: <strong><u>AMC</u></strong>) jumped on a short squeeze.</p><p style=\"text-align: start;\">GPT-3.5 was also limited to picking popular stocks on the internet. Not one contrarian choice showed up in the entire list.</p><p style=\"text-align: start;\">So, when ChatGPT’s “GPT-4” upgrade was released last month, I was excited to try again.</p><p style=\"text-align: start;\">And it didn’t disappoint.</p><h2 style=\"text-align: start;\">Can AI Pick Stocks? GPT-4 Says Yes.</h2><p style=\"text-align: start;\">The introduction of GPT-4 and competing services like <strong>Alphabet’s</strong> (NASDAQ: <strong><u>GOOG</u></strong>, NASDAQ: <strong><u>GOOGL</u></strong>) Google Bard adds three essential elements to AI investing.</p><p style=\"text-align: start;\">First, they’re far happier to give answers. This time, no fighting, negotiations or prompt engineering was required to coax the AI to give stock suggestions. I assume the search race between <strong>Microsoft</strong> (NASDAQ: <strong><u>MSFT</u></strong>) and Google has caused every player to lower their guard on that front.</p><p style=\"text-align: start;\">Second, the chatbots can now “see” current news. Recent upgrades now allow GPT-4 to browse the internet, making its picks far more timely than before.</p><p style=\"text-align: start;\">Finally, the newest version of ChatGPT seems happier to defer to human insight when it can’t figure things out, reducing the amount of hallucinations.</p><p style=\"text-align: start;\">Still, GPT-4 has some shortcomings.</p><p style=\"text-align: start;\">Because let’s take a look at what it said…</p><h2 style=\"text-align: start;\">The 13 Favorite Stock Picks of ChatGPT</h2><p style=\"text-align: start;\">On the tech side, ChatGPT was quick to offer several promising high-growth companies:</p><ul><li><p><strong>Amazon</strong> (NASDAQ: <strong><u>AMZN</u></strong>)</p></li><li><p><strong>ASML Holding NV</strong> (NASDAQ: <strong><u>ASML</u></strong>)</p></li><li><p><strong>Intuitive Surgical</strong> (NASDAQ: <strong><u>ISRG</u></strong>)</p></li><li><p><strong>Meta Platforms</strong> (NASDAQ: <strong><u>META</u></strong>)</p></li><li><p><strong>Palo Alto Networks</strong> (NASDAQ: <strong><u>PANW</u></strong>)</p></li><li><p><strong>ServiceNow</strong> (NYSE: <strong><u>NOW</u></strong>)</p></li></ul><p style=\"text-align: start;\">On the one hand, these companies are actually quite compelling. Names like Amazon and Meta trade for fractions of their former values and the latter is seeing a resurgence in digital ad spending. The most recent version of ChatGPT also avoided only picking popular mega-cap companies; ASML and ServiceNow are smaller firms with excellent growth rates. If an intern came to me with this list, I’d try to negotiate a full-time deal.</p><p style=\"text-align: start;\">On the other hand, though, GPT-4 had no idea why it was picking these stocks. When asked to elaborate, it could only give the same canned responses:</p><ul><li><p>Amazon: a “massive and diversified customer base.”</p></li><li><p>Meta: a “massive and engaged user base.”</p></li><li><p>Palo Alto Networks: a “large and loyal customer base.”</p></li></ul><p style=\"text-align: start;\">And so on.</p><p style=\"text-align: start;\">In other words, GPT-4 missed every nuance of <em>why</em> it did anything. It’s the same problem that all large language models (LLMs) seem to have — they’re only designed to predict text, not understand it.</p><p style=\"text-align: start;\">That meant ChatGPT had no idea of fundamental analysis or using a proven strategy. It was only a rehash of what others had already said before. Most alarmingly, the AI still failed to understand valuations. Most online stock analysis skips past their discounted cash flow (DCF) models, which means GPT-4 will always do the same.</p><h2 style=\"text-align: start;\">More Stock Picks From ChatGPT</h2><p style=\"text-align: start;\">Then there were ChatGPT’s other choices.</p><p style=\"text-align: start;\">In energy:</p><ul><li><p><strong>Devon Energy</strong> (NYSE: <strong><u>DVN</u></strong>)</p></li><li><p><strong>Duke Energy</strong> (NYSE: <strong><u>DUK</u></strong>)</p></li><li><p><strong>Exxon Mobil</strong> (NYSE: <strong><u>XOM</u></strong>)</p></li><li><p><strong>UGI </strong>(NYSE: <strong><u>UGI</u></strong>)</p></li></ul><p style=\"text-align: start;\">And in miscellaneous industries:</p><ul><li><p><strong>Axon Enterprise</strong> (NASDAQ: <strong><u>AXON</u></strong>)</p></li><li><p><strong>H&R Block</strong> (NYSE: <strong><u>HRB</u></strong>)</p></li><li><p><strong>Meritage Homes</strong> (NYSE: <strong><u>MTH</u></strong>)</p></li></ul><p style=\"text-align: start;\">Again, these are relatively strong picks. For energy stocks, Devon Energy and Exxon are low-cost hydrocarbon producers, giving them a significant advantage over their higher-cost peers. Historically, these firms tend to outlast competitors, leading to substantial long-term outperformance.</p><p style=\"text-align: start;\">In non-energy stocks, H&R Block is also a solid enterprise priced at historical valuations; I estimate the firm has a 30% upside over the next three years. And Meritage Homes is an above-average homebuilder trading at below-average prices.</p><p style=\"text-align: start;\">But the same issues of <em>insight</em> persist. The AI chatbot gave “strong financial performance” as the key reason for buying Devon, Exxon and Meritage Homes. Only Duke Energy garnered a different response, with ChatGPT calling its financial performance “stable” instead of “strong.”</p><p style=\"text-align: start;\">Not exactly a compelling reason to invest.</p><h2 style=\"text-align: start;\">Can You Us AI to Pick Stocks?</h2><p style=\"text-align: start;\">The financial industry is no stranger to using machine learning to trade stocks. High-frequency traders profit from minor pricing differences across exchanges. Their algorithms also help predict moves in the milliseconds following specific trades.</p><p style=\"text-align: start;\">Meanwhile, quantitative traders use every imaginable shred of information in their high-powered models. Some use investor sentiment on social media, while others use weather data to help predict crop outputs. Even the weather at the <strong>New York Stock Exchange</strong> has some predictive ability on stocks.</p><p style=\"text-align: start;\">ChatGPT is an extension of this strategy. Rather than rely on fundamental data or complex models, the AI chatbot mines the internet for insights into what others are writing about.</p><p style=\"text-align: start;\">Usually, it’s a surprisingly powerful way to invest. Companies with high share prices can raise cheaper capital, making it easier to fund projects. It’s a self-fulfilling prophecy that benefited startups like <strong>Tesla</strong> (NASDAQ: <strong><u>TSLA</u></strong>) and Amazon.</p><p style=\"text-align: start;\">But it’s still only a regurgitation of the internet. As compelling as ChatGPT might sound on paper, it’s only as insightful as the web articles it’s hoovering up. Until someone decides to plug GPT-4 into a hedge fund’s algorithm, investors must continue making their own investment decisions.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-19 09:00 GMT+8 <a href=https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.GPT-4 can browse the internet, making its picks more timely than before.However, the chatbot ...</p>\n\n<a href=\"https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦","MTH":"Meritage Homes Corp","UGI":"UGI公用事业","HRB":"H&R布洛克税务","META":"Meta Platforms, Inc.","AMZN":"亚马逊","AXON":"Axon Enterprise, Inc.","PANW":"Palo Alto Networks","NOW":"ServiceNow","XOM":"埃克森美孚","ISRG":"直觉外科公司","DUK":"杜克能源","DVN":"德文能源"},"source_url":"https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129578482","content_text":"The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.GPT-4 can browse the internet, making its picks more timely than before.However, the chatbot seems to lack some fundamental understanding of stock analysis.Back in February, I “tricked” ChatGPT into picking stocks to buy. Using creative prompt engineering, I nudged the ordinarily tight-lipped GPT-3.5 version to create a list of 30 stock picks.The recommendations were surprisingly good.The chatbot created a list of growth, value and short stocks that essentially distilled the knowledge of the internet. Any investor who followed along would have returned 7.2% in the past two months!But the list lacked a sense of timely insight. ChatGPT could only “see” news through September 2021, making its recent performance more about luck than skill. The same list of stocks badly underperformed in 2022. The artificial intelligence (AI) chatbot also lacked any notion of risk management. An investor following AI’s recommendations since February would have seen their margin accounts blow up when picks like AMC Entertainment (NYSE: AMC) jumped on a short squeeze.GPT-3.5 was also limited to picking popular stocks on the internet. Not one contrarian choice showed up in the entire list.So, when ChatGPT’s “GPT-4” upgrade was released last month, I was excited to try again.And it didn’t disappoint.Can AI Pick Stocks? GPT-4 Says Yes.The introduction of GPT-4 and competing services like Alphabet’s (NASDAQ: GOOG, NASDAQ: GOOGL) Google Bard adds three essential elements to AI investing.First, they’re far happier to give answers. This time, no fighting, negotiations or prompt engineering was required to coax the AI to give stock suggestions. I assume the search race between Microsoft (NASDAQ: MSFT) and Google has caused every player to lower their guard on that front.Second, the chatbots can now “see” current news. Recent upgrades now allow GPT-4 to browse the internet, making its picks far more timely than before.Finally, the newest version of ChatGPT seems happier to defer to human insight when it can’t figure things out, reducing the amount of hallucinations.Still, GPT-4 has some shortcomings.Because let’s take a look at what it said…The 13 Favorite Stock Picks of ChatGPTOn the tech side, ChatGPT was quick to offer several promising high-growth companies:Amazon (NASDAQ: AMZN)ASML Holding NV (NASDAQ: ASML)Intuitive Surgical (NASDAQ: ISRG)Meta Platforms (NASDAQ: META)Palo Alto Networks (NASDAQ: PANW)ServiceNow (NYSE: NOW)On the one hand, these companies are actually quite compelling. Names like Amazon and Meta trade for fractions of their former values and the latter is seeing a resurgence in digital ad spending. The most recent version of ChatGPT also avoided only picking popular mega-cap companies; ASML and ServiceNow are smaller firms with excellent growth rates. If an intern came to me with this list, I’d try to negotiate a full-time deal.On the other hand, though, GPT-4 had no idea why it was picking these stocks. When asked to elaborate, it could only give the same canned responses:Amazon: a “massive and diversified customer base.”Meta: a “massive and engaged user base.”Palo Alto Networks: a “large and loyal customer base.”And so on.In other words, GPT-4 missed every nuance of why it did anything. It’s the same problem that all large language models (LLMs) seem to have — they’re only designed to predict text, not understand it.That meant ChatGPT had no idea of fundamental analysis or using a proven strategy. It was only a rehash of what others had already said before. Most alarmingly, the AI still failed to understand valuations. Most online stock analysis skips past their discounted cash flow (DCF) models, which means GPT-4 will always do the same.More Stock Picks From ChatGPTThen there were ChatGPT’s other choices.In energy:Devon Energy (NYSE: DVN)Duke Energy (NYSE: DUK)Exxon Mobil (NYSE: XOM)UGI (NYSE: UGI)And in miscellaneous industries:Axon Enterprise (NASDAQ: AXON)H&R Block (NYSE: HRB)Meritage Homes (NYSE: MTH)Again, these are relatively strong picks. For energy stocks, Devon Energy and Exxon are low-cost hydrocarbon producers, giving them a significant advantage over their higher-cost peers. Historically, these firms tend to outlast competitors, leading to substantial long-term outperformance.In non-energy stocks, H&R Block is also a solid enterprise priced at historical valuations; I estimate the firm has a 30% upside over the next three years. And Meritage Homes is an above-average homebuilder trading at below-average prices.But the same issues of insight persist. The AI chatbot gave “strong financial performance” as the key reason for buying Devon, Exxon and Meritage Homes. Only Duke Energy garnered a different response, with ChatGPT calling its financial performance “stable” instead of “strong.”Not exactly a compelling reason to invest.Can You Us AI to Pick Stocks?The financial industry is no stranger to using machine learning to trade stocks. High-frequency traders profit from minor pricing differences across exchanges. Their algorithms also help predict moves in the milliseconds following specific trades.Meanwhile, quantitative traders use every imaginable shred of information in their high-powered models. Some use investor sentiment on social media, while others use weather data to help predict crop outputs. Even the weather at the New York Stock Exchange has some predictive ability on stocks.ChatGPT is an extension of this strategy. Rather than rely on fundamental data or complex models, the AI chatbot mines the internet for insights into what others are writing about.Usually, it’s a surprisingly powerful way to invest. Companies with high share prices can raise cheaper capital, making it easier to fund projects. It’s a self-fulfilling prophecy that benefited startups like Tesla (NASDAQ: TSLA) and Amazon.But it’s still only a regurgitation of the internet. As compelling as ChatGPT might sound on paper, it’s only as insightful as the web articles it’s hoovering up. Until someone decides to plug GPT-4 into a hedge fund’s algorithm, investors must continue making their own investment decisions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944275098,"gmtCreate":1681895225214,"gmtModify":1681895470476,"author":{"id":"3567134595140524","authorId":"3567134595140524","name":"Zyn","avatar":"https://static.tigerbbs.com/d4aeaa3f734c6ea462da44f924a48ca3","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3567134595140524","authorIdStr":"3567134595140524"},"themes":[],"htmlText":"Xxx","listText":"Xxx","text":"Xxx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944275098","repostId":"1129578482","repostType":2,"repost":{"id":"1129578482","kind":"news","pubTimestamp":1681866005,"share":"https://ttm.financial/m/news/1129578482?lang=&edition=fundamental","pubTime":"2023-04-19 09:00","market":"us","language":"en","title":"Can AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)","url":"https://stock-news.laohu8.com/highlight/detail?id=1129578482","media":"InvestorPlace","summary":"The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommenda","content":"<html><head></head><body><ul><li><p>The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.</p></li><li><p>GPT-4 can browse the internet, making its picks more timely than before.</p></li><li><p>However, the chatbot seems to lack some fundamental understanding of stock analysis.</p></li></ul><p>Back in February, I “tricked” ChatGPT into picking stocks to buy. Using creative prompt engineering, I nudged the ordinarily tight-lipped GPT-3.5 version to create a list of 30 stock picks.</p><p style=\"text-align: start;\"><em>The recommendations were surprisingly good.</em></p><p style=\"text-align: start;\">The chatbot created a list of growth, value and short stocks that essentially distilled the knowledge of the internet. Any investor who followed along would have returned 7.2% in the past two months!</p><p style=\"text-align: start;\">But the list lacked a sense of timely insight. ChatGPT could only “see” news through September 2021, making its recent performance more about luck than skill. The same list of stocks badly underperformed in 2022. The artificial intelligence (AI) chatbot also lacked any notion of risk management. An investor following AI’s recommendations since February would have seen their margin accounts blow up when picks like <strong>AMC Entertainment</strong> (NYSE: <strong><u>AMC</u></strong>) jumped on a short squeeze.</p><p style=\"text-align: start;\">GPT-3.5 was also limited to picking popular stocks on the internet. Not one contrarian choice showed up in the entire list.</p><p style=\"text-align: start;\">So, when ChatGPT’s “GPT-4” upgrade was released last month, I was excited to try again.</p><p style=\"text-align: start;\">And it didn’t disappoint.</p><h2 style=\"text-align: start;\">Can AI Pick Stocks? GPT-4 Says Yes.</h2><p style=\"text-align: start;\">The introduction of GPT-4 and competing services like <strong>Alphabet’s</strong> (NASDAQ: <strong><u>GOOG</u></strong>, NASDAQ: <strong><u>GOOGL</u></strong>) Google Bard adds three essential elements to AI investing.</p><p style=\"text-align: start;\">First, they’re far happier to give answers. This time, no fighting, negotiations or prompt engineering was required to coax the AI to give stock suggestions. I assume the search race between <strong>Microsoft</strong> (NASDAQ: <strong><u>MSFT</u></strong>) and Google has caused every player to lower their guard on that front.</p><p style=\"text-align: start;\">Second, the chatbots can now “see” current news. Recent upgrades now allow GPT-4 to browse the internet, making its picks far more timely than before.</p><p style=\"text-align: start;\">Finally, the newest version of ChatGPT seems happier to defer to human insight when it can’t figure things out, reducing the amount of hallucinations.</p><p style=\"text-align: start;\">Still, GPT-4 has some shortcomings.</p><p style=\"text-align: start;\">Because let’s take a look at what it said…</p><h2 style=\"text-align: start;\">The 13 Favorite Stock Picks of ChatGPT</h2><p style=\"text-align: start;\">On the tech side, ChatGPT was quick to offer several promising high-growth companies:</p><ul><li><p><strong>Amazon</strong> (NASDAQ: <strong><u>AMZN</u></strong>)</p></li><li><p><strong>ASML Holding NV</strong> (NASDAQ: <strong><u>ASML</u></strong>)</p></li><li><p><strong>Intuitive Surgical</strong> (NASDAQ: <strong><u>ISRG</u></strong>)</p></li><li><p><strong>Meta Platforms</strong> (NASDAQ: <strong><u>META</u></strong>)</p></li><li><p><strong>Palo Alto Networks</strong> (NASDAQ: <strong><u>PANW</u></strong>)</p></li><li><p><strong>ServiceNow</strong> (NYSE: <strong><u>NOW</u></strong>)</p></li></ul><p style=\"text-align: start;\">On the one hand, these companies are actually quite compelling. Names like Amazon and Meta trade for fractions of their former values and the latter is seeing a resurgence in digital ad spending. The most recent version of ChatGPT also avoided only picking popular mega-cap companies; ASML and ServiceNow are smaller firms with excellent growth rates. If an intern came to me with this list, I’d try to negotiate a full-time deal.</p><p style=\"text-align: start;\">On the other hand, though, GPT-4 had no idea why it was picking these stocks. When asked to elaborate, it could only give the same canned responses:</p><ul><li><p>Amazon: a “massive and diversified customer base.”</p></li><li><p>Meta: a “massive and engaged user base.”</p></li><li><p>Palo Alto Networks: a “large and loyal customer base.”</p></li></ul><p style=\"text-align: start;\">And so on.</p><p style=\"text-align: start;\">In other words, GPT-4 missed every nuance of <em>why</em> it did anything. It’s the same problem that all large language models (LLMs) seem to have — they’re only designed to predict text, not understand it.</p><p style=\"text-align: start;\">That meant ChatGPT had no idea of fundamental analysis or using a proven strategy. It was only a rehash of what others had already said before. Most alarmingly, the AI still failed to understand valuations. Most online stock analysis skips past their discounted cash flow (DCF) models, which means GPT-4 will always do the same.</p><h2 style=\"text-align: start;\">More Stock Picks From ChatGPT</h2><p style=\"text-align: start;\">Then there were ChatGPT’s other choices.</p><p style=\"text-align: start;\">In energy:</p><ul><li><p><strong>Devon Energy</strong> (NYSE: <strong><u>DVN</u></strong>)</p></li><li><p><strong>Duke Energy</strong> (NYSE: <strong><u>DUK</u></strong>)</p></li><li><p><strong>Exxon Mobil</strong> (NYSE: <strong><u>XOM</u></strong>)</p></li><li><p><strong>UGI </strong>(NYSE: <strong><u>UGI</u></strong>)</p></li></ul><p style=\"text-align: start;\">And in miscellaneous industries:</p><ul><li><p><strong>Axon Enterprise</strong> (NASDAQ: <strong><u>AXON</u></strong>)</p></li><li><p><strong>H&R Block</strong> (NYSE: <strong><u>HRB</u></strong>)</p></li><li><p><strong>Meritage Homes</strong> (NYSE: <strong><u>MTH</u></strong>)</p></li></ul><p style=\"text-align: start;\">Again, these are relatively strong picks. For energy stocks, Devon Energy and Exxon are low-cost hydrocarbon producers, giving them a significant advantage over their higher-cost peers. Historically, these firms tend to outlast competitors, leading to substantial long-term outperformance.</p><p style=\"text-align: start;\">In non-energy stocks, H&R Block is also a solid enterprise priced at historical valuations; I estimate the firm has a 30% upside over the next three years. And Meritage Homes is an above-average homebuilder trading at below-average prices.</p><p style=\"text-align: start;\">But the same issues of <em>insight</em> persist. The AI chatbot gave “strong financial performance” as the key reason for buying Devon, Exxon and Meritage Homes. Only Duke Energy garnered a different response, with ChatGPT calling its financial performance “stable” instead of “strong.”</p><p style=\"text-align: start;\">Not exactly a compelling reason to invest.</p><h2 style=\"text-align: start;\">Can You Us AI to Pick Stocks?</h2><p style=\"text-align: start;\">The financial industry is no stranger to using machine learning to trade stocks. High-frequency traders profit from minor pricing differences across exchanges. Their algorithms also help predict moves in the milliseconds following specific trades.</p><p style=\"text-align: start;\">Meanwhile, quantitative traders use every imaginable shred of information in their high-powered models. Some use investor sentiment on social media, while others use weather data to help predict crop outputs. Even the weather at the <strong>New York Stock Exchange</strong> has some predictive ability on stocks.</p><p style=\"text-align: start;\">ChatGPT is an extension of this strategy. Rather than rely on fundamental data or complex models, the AI chatbot mines the internet for insights into what others are writing about.</p><p style=\"text-align: start;\">Usually, it’s a surprisingly powerful way to invest. Companies with high share prices can raise cheaper capital, making it easier to fund projects. It’s a self-fulfilling prophecy that benefited startups like <strong>Tesla</strong> (NASDAQ: <strong><u>TSLA</u></strong>) and Amazon.</p><p style=\"text-align: start;\">But it’s still only a regurgitation of the internet. As compelling as ChatGPT might sound on paper, it’s only as insightful as the web articles it’s hoovering up. Until someone decides to plug GPT-4 into a hedge fund’s algorithm, investors must continue making their own investment decisions.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-19 09:00 GMT+8 <a href=https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.GPT-4 can browse the internet, making its picks more timely than before.However, the chatbot ...</p>\n\n<a href=\"https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦","MTH":"Meritage Homes Corp","UGI":"UGI公用事业","HRB":"H&R布洛克税务","META":"Meta Platforms, Inc.","AMZN":"亚马逊","AXON":"Axon Enterprise, Inc.","PANW":"Palo Alto Networks","NOW":"ServiceNow","XOM":"埃克森美孚","ISRG":"直觉外科公司","DUK":"杜克能源","DVN":"德文能源"},"source_url":"https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129578482","content_text":"The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.GPT-4 can browse the internet, making its picks more timely than before.However, the chatbot seems to lack some fundamental understanding of stock analysis.Back in February, I “tricked” ChatGPT into picking stocks to buy. Using creative prompt engineering, I nudged the ordinarily tight-lipped GPT-3.5 version to create a list of 30 stock picks.The recommendations were surprisingly good.The chatbot created a list of growth, value and short stocks that essentially distilled the knowledge of the internet. Any investor who followed along would have returned 7.2% in the past two months!But the list lacked a sense of timely insight. ChatGPT could only “see” news through September 2021, making its recent performance more about luck than skill. The same list of stocks badly underperformed in 2022. The artificial intelligence (AI) chatbot also lacked any notion of risk management. An investor following AI’s recommendations since February would have seen their margin accounts blow up when picks like AMC Entertainment (NYSE: AMC) jumped on a short squeeze.GPT-3.5 was also limited to picking popular stocks on the internet. Not one contrarian choice showed up in the entire list.So, when ChatGPT’s “GPT-4” upgrade was released last month, I was excited to try again.And it didn’t disappoint.Can AI Pick Stocks? GPT-4 Says Yes.The introduction of GPT-4 and competing services like Alphabet’s (NASDAQ: GOOG, NASDAQ: GOOGL) Google Bard adds three essential elements to AI investing.First, they’re far happier to give answers. This time, no fighting, negotiations or prompt engineering was required to coax the AI to give stock suggestions. I assume the search race between Microsoft (NASDAQ: MSFT) and Google has caused every player to lower their guard on that front.Second, the chatbots can now “see” current news. Recent upgrades now allow GPT-4 to browse the internet, making its picks far more timely than before.Finally, the newest version of ChatGPT seems happier to defer to human insight when it can’t figure things out, reducing the amount of hallucinations.Still, GPT-4 has some shortcomings.Because let’s take a look at what it said…The 13 Favorite Stock Picks of ChatGPTOn the tech side, ChatGPT was quick to offer several promising high-growth companies:Amazon (NASDAQ: AMZN)ASML Holding NV (NASDAQ: ASML)Intuitive Surgical (NASDAQ: ISRG)Meta Platforms (NASDAQ: META)Palo Alto Networks (NASDAQ: PANW)ServiceNow (NYSE: NOW)On the one hand, these companies are actually quite compelling. Names like Amazon and Meta trade for fractions of their former values and the latter is seeing a resurgence in digital ad spending. The most recent version of ChatGPT also avoided only picking popular mega-cap companies; ASML and ServiceNow are smaller firms with excellent growth rates. If an intern came to me with this list, I’d try to negotiate a full-time deal.On the other hand, though, GPT-4 had no idea why it was picking these stocks. When asked to elaborate, it could only give the same canned responses:Amazon: a “massive and diversified customer base.”Meta: a “massive and engaged user base.”Palo Alto Networks: a “large and loyal customer base.”And so on.In other words, GPT-4 missed every nuance of why it did anything. It’s the same problem that all large language models (LLMs) seem to have — they’re only designed to predict text, not understand it.That meant ChatGPT had no idea of fundamental analysis or using a proven strategy. It was only a rehash of what others had already said before. Most alarmingly, the AI still failed to understand valuations. Most online stock analysis skips past their discounted cash flow (DCF) models, which means GPT-4 will always do the same.More Stock Picks From ChatGPTThen there were ChatGPT’s other choices.In energy:Devon Energy (NYSE: DVN)Duke Energy (NYSE: DUK)Exxon Mobil (NYSE: XOM)UGI (NYSE: UGI)And in miscellaneous industries:Axon Enterprise (NASDAQ: AXON)H&R Block (NYSE: HRB)Meritage Homes (NYSE: MTH)Again, these are relatively strong picks. For energy stocks, Devon Energy and Exxon are low-cost hydrocarbon producers, giving them a significant advantage over their higher-cost peers. Historically, these firms tend to outlast competitors, leading to substantial long-term outperformance.In non-energy stocks, H&R Block is also a solid enterprise priced at historical valuations; I estimate the firm has a 30% upside over the next three years. And Meritage Homes is an above-average homebuilder trading at below-average prices.But the same issues of insight persist. The AI chatbot gave “strong financial performance” as the key reason for buying Devon, Exxon and Meritage Homes. Only Duke Energy garnered a different response, with ChatGPT calling its financial performance “stable” instead of “strong.”Not exactly a compelling reason to invest.Can You Us AI to Pick Stocks?The financial industry is no stranger to using machine learning to trade stocks. High-frequency traders profit from minor pricing differences across exchanges. Their algorithms also help predict moves in the milliseconds following specific trades.Meanwhile, quantitative traders use every imaginable shred of information in their high-powered models. Some use investor sentiment on social media, while others use weather data to help predict crop outputs. Even the weather at the New York Stock Exchange has some predictive ability on stocks.ChatGPT is an extension of this strategy. Rather than rely on fundamental data or complex models, the AI chatbot mines the internet for insights into what others are writing about.Usually, it’s a surprisingly powerful way to invest. Companies with high share prices can raise cheaper capital, making it easier to fund projects. It’s a self-fulfilling prophecy that benefited startups like Tesla (NASDAQ: TSLA) and Amazon.But it’s still only a regurgitation of the internet. As compelling as ChatGPT might sound on paper, it’s only as insightful as the web articles it’s hoovering up. Until someone decides to plug GPT-4 into a hedge fund’s algorithm, investors must continue making their own investment decisions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957039907,"gmtCreate":1676725219710,"gmtModify":1676730103752,"author":{"id":"3567134595140524","authorId":"3567134595140524","name":"Zyn","avatar":"https://static.tigerbbs.com/d4aeaa3f734c6ea462da44f924a48ca3","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3567134595140524","authorIdStr":"3567134595140524"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957039907","repostId":"2312325628","repostType":2,"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9957039907,"gmtCreate":1676725219710,"gmtModify":1676730103752,"author":{"id":"3567134595140524","authorId":"3567134595140524","name":"Zyn","avatar":"https://static.tigerbbs.com/d4aeaa3f734c6ea462da44f924a48ca3","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3567134595140524","authorIdStr":"3567134595140524"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957039907","repostId":"2312325628","repostType":2,"repost":{"id":"2312325628","kind":"highlight","pubTimestamp":1676687632,"share":"https://ttm.financial/m/news/2312325628?lang=&edition=fundamental","pubTime":"2023-02-18 10:33","market":"us","language":"en","title":"A Once-in-a-Decade Investing Opportunity Is Here. 2 Vanguard ETFs to Buy Now.","url":"https://stock-news.laohu8.com/highlight/detail?id=2312325628","media":"Motley Fool","summary":"These ETFs could be poised for serious growth.","content":"<html><head></head><body><p>The past year has been rough for investors, but there's a silver lining: Now is a more affordable time to invest. Though the market has rebounded slightly over the last several weeks, many stocks are still well below their all-time highs -- making it the perfect chance to load up on quality investments for a fraction of the cost.</p><p>Choosing the right investments is critical, though, and there are two Vanguard ETFs that could be great buys right now.</p><h2>Is now a smart time to invest?</h2><p>The market has experienced a phenomenal bull run over the past decade, which is good for your portfolio but not for your wallet. Stock prices have soared in the years following the Great Recession, making it a wildly expensive time to buy.</p><p>But now that the market is in a slump, this may be your best chance to save money on normally high-priced stocks. Once the market recovers, it could be years before stocks are priced at such steep discounts again.</p><p>The key, though, is to invest in the right places and hold those investments for the long term. No one can say how the market will perform in the near term, but by investing in quality stocks or funds during the market's low points and waiting for the rebound, you could make lots of money.</p><h2>2 ETFs to stock up on right now</h2><h2>1. Vanguard S&P 500 ETF</h2><p>The <b>Vanguard S&P 500 ETF</b> tracks the <b>S&P 500</b> and aims to mirror the index's performance. This fund includes stocks from 500 of the largest companies in the U.S., many of which are behemoth corporations and household names.</p><p>Because this fund is comprised only of the strongest stocks, it's far more likely to rebound from downturns and experience consistent growth over time.</p><p>The Vanguard S&P 500 ETF has earned an average annual return of 12.64% over the past 10 years, and its largest holdings include <b>Apple</b>, <b>Microsoft</b>, and <b>Amazon</b>. If you're nervous about the stock market or simply want a safe ETF you can count on to perform well over time, this is a fantastic option.</p><p>An additional perk is that this ETF has an incredibly low expense ratio of just 0.03%. This is substantially lower than that of the average fund and over decades, could save you thousands of dollars in fees.</p><h2>2. Vanguard Growth ETF</h2><p>The <b>Vanguard Growth ETF</b> contains 253 stocks with the potential for faster-than-average growth and attempts to beat the market over time. This investment is unique among growth ETFs because it balances risk and reward.</p><p>Roughly half of the fund is made up of blue chip stocks like Apple, <b><a href=\"https://laohu8.com/S/V\">Visa</a></b>, and <b>Home Depot</b>. Many of these stocks still experience above-average growth but are also industry giants that carry less risk.</p><p>In addition to those stocks, this ETF also includes many smaller companies that have the potential for explosive returns. These under-the-radar stocks may be higher risk than the blue chips, but if any of them take off, you could see lucrative returns.</p><p>If you're willing to take on more risk for the chance of beating the market, right now may be your best time to buy. Growth stocks have been pummeled during this downturn, and by investing now, you'll be well-positioned to take advantage of the upswing.</p><p>The stock market can be daunting, but right now may be a once-in-a-decade buying opportunity. By investing in the right places and riding out the storm, you could earn more than you might think when the market inevitably recovers.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Once-in-a-Decade Investing Opportunity Is Here. 2 Vanguard ETFs to Buy Now.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Once-in-a-Decade Investing Opportunity Is Here. 2 Vanguard ETFs to Buy Now.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-18 10:33 GMT+8 <a href=https://www.fool.com/investing/2023/02/17/once-in-a-decade-investing-vanguard-etfs-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The past year has been rough for investors, but there's a silver lining: Now is a more affordable time to invest. Though the market has rebounded slightly over the last several weeks, many stocks are ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/02/17/once-in-a-decade-investing-vanguard-etfs-buy-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VOO":"Vanguard标普500ETF","VUG":"成长股指数ETF-Vanguard MSCI"},"source_url":"https://www.fool.com/investing/2023/02/17/once-in-a-decade-investing-vanguard-etfs-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2312325628","content_text":"The past year has been rough for investors, but there's a silver lining: Now is a more affordable time to invest. Though the market has rebounded slightly over the last several weeks, many stocks are still well below their all-time highs -- making it the perfect chance to load up on quality investments for a fraction of the cost.Choosing the right investments is critical, though, and there are two Vanguard ETFs that could be great buys right now.Is now a smart time to invest?The market has experienced a phenomenal bull run over the past decade, which is good for your portfolio but not for your wallet. Stock prices have soared in the years following the Great Recession, making it a wildly expensive time to buy.But now that the market is in a slump, this may be your best chance to save money on normally high-priced stocks. Once the market recovers, it could be years before stocks are priced at such steep discounts again.The key, though, is to invest in the right places and hold those investments for the long term. No one can say how the market will perform in the near term, but by investing in quality stocks or funds during the market's low points and waiting for the rebound, you could make lots of money.2 ETFs to stock up on right now1. Vanguard S&P 500 ETFThe Vanguard S&P 500 ETF tracks the S&P 500 and aims to mirror the index's performance. This fund includes stocks from 500 of the largest companies in the U.S., many of which are behemoth corporations and household names.Because this fund is comprised only of the strongest stocks, it's far more likely to rebound from downturns and experience consistent growth over time.The Vanguard S&P 500 ETF has earned an average annual return of 12.64% over the past 10 years, and its largest holdings include Apple, Microsoft, and Amazon. If you're nervous about the stock market or simply want a safe ETF you can count on to perform well over time, this is a fantastic option.An additional perk is that this ETF has an incredibly low expense ratio of just 0.03%. This is substantially lower than that of the average fund and over decades, could save you thousands of dollars in fees.2. Vanguard Growth ETFThe Vanguard Growth ETF contains 253 stocks with the potential for faster-than-average growth and attempts to beat the market over time. This investment is unique among growth ETFs because it balances risk and reward.Roughly half of the fund is made up of blue chip stocks like Apple, Visa, and Home Depot. Many of these stocks still experience above-average growth but are also industry giants that carry less risk.In addition to those stocks, this ETF also includes many smaller companies that have the potential for explosive returns. These under-the-radar stocks may be higher risk than the blue chips, but if any of them take off, you could see lucrative returns.If you're willing to take on more risk for the chance of beating the market, right now may be your best time to buy. Growth stocks have been pummeled during this downturn, and by investing now, you'll be well-positioned to take advantage of the upswing.The stock market can be daunting, but right now may be a once-in-a-decade buying opportunity. By investing in the right places and riding out the storm, you could earn more than you might think when the market inevitably recovers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944275906,"gmtCreate":1681895308305,"gmtModify":1681895470514,"author":{"id":"3567134595140524","authorId":"3567134595140524","name":"Zyn","avatar":"https://static.tigerbbs.com/d4aeaa3f734c6ea462da44f924a48ca3","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3567134595140524","authorIdStr":"3567134595140524"},"themes":[],"htmlText":",","listText":",","text":",","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944275906","repostId":"1129578482","repostType":2,"repost":{"id":"1129578482","kind":"news","pubTimestamp":1681866005,"share":"https://ttm.financial/m/news/1129578482?lang=&edition=fundamental","pubTime":"2023-04-19 09:00","market":"us","language":"en","title":"Can AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)","url":"https://stock-news.laohu8.com/highlight/detail?id=1129578482","media":"InvestorPlace","summary":"The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommenda","content":"<html><head></head><body><ul><li><p>The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.</p></li><li><p>GPT-4 can browse the internet, making its picks more timely than before.</p></li><li><p>However, the chatbot seems to lack some fundamental understanding of stock analysis.</p></li></ul><p>Back in February, I “tricked” ChatGPT into picking stocks to buy. Using creative prompt engineering, I nudged the ordinarily tight-lipped GPT-3.5 version to create a list of 30 stock picks.</p><p style=\"text-align: start;\"><em>The recommendations were surprisingly good.</em></p><p style=\"text-align: start;\">The chatbot created a list of growth, value and short stocks that essentially distilled the knowledge of the internet. Any investor who followed along would have returned 7.2% in the past two months!</p><p style=\"text-align: start;\">But the list lacked a sense of timely insight. ChatGPT could only “see” news through September 2021, making its recent performance more about luck than skill. The same list of stocks badly underperformed in 2022. The artificial intelligence (AI) chatbot also lacked any notion of risk management. An investor following AI’s recommendations since February would have seen their margin accounts blow up when picks like <strong>AMC Entertainment</strong> (NYSE: <strong><u>AMC</u></strong>) jumped on a short squeeze.</p><p style=\"text-align: start;\">GPT-3.5 was also limited to picking popular stocks on the internet. Not one contrarian choice showed up in the entire list.</p><p style=\"text-align: start;\">So, when ChatGPT’s “GPT-4” upgrade was released last month, I was excited to try again.</p><p style=\"text-align: start;\">And it didn’t disappoint.</p><h2 style=\"text-align: start;\">Can AI Pick Stocks? GPT-4 Says Yes.</h2><p style=\"text-align: start;\">The introduction of GPT-4 and competing services like <strong>Alphabet’s</strong> (NASDAQ: <strong><u>GOOG</u></strong>, NASDAQ: <strong><u>GOOGL</u></strong>) Google Bard adds three essential elements to AI investing.</p><p style=\"text-align: start;\">First, they’re far happier to give answers. This time, no fighting, negotiations or prompt engineering was required to coax the AI to give stock suggestions. I assume the search race between <strong>Microsoft</strong> (NASDAQ: <strong><u>MSFT</u></strong>) and Google has caused every player to lower their guard on that front.</p><p style=\"text-align: start;\">Second, the chatbots can now “see” current news. Recent upgrades now allow GPT-4 to browse the internet, making its picks far more timely than before.</p><p style=\"text-align: start;\">Finally, the newest version of ChatGPT seems happier to defer to human insight when it can’t figure things out, reducing the amount of hallucinations.</p><p style=\"text-align: start;\">Still, GPT-4 has some shortcomings.</p><p style=\"text-align: start;\">Because let’s take a look at what it said…</p><h2 style=\"text-align: start;\">The 13 Favorite Stock Picks of ChatGPT</h2><p style=\"text-align: start;\">On the tech side, ChatGPT was quick to offer several promising high-growth companies:</p><ul><li><p><strong>Amazon</strong> (NASDAQ: <strong><u>AMZN</u></strong>)</p></li><li><p><strong>ASML Holding NV</strong> (NASDAQ: <strong><u>ASML</u></strong>)</p></li><li><p><strong>Intuitive Surgical</strong> (NASDAQ: <strong><u>ISRG</u></strong>)</p></li><li><p><strong>Meta Platforms</strong> (NASDAQ: <strong><u>META</u></strong>)</p></li><li><p><strong>Palo Alto Networks</strong> (NASDAQ: <strong><u>PANW</u></strong>)</p></li><li><p><strong>ServiceNow</strong> (NYSE: <strong><u>NOW</u></strong>)</p></li></ul><p style=\"text-align: start;\">On the one hand, these companies are actually quite compelling. Names like Amazon and Meta trade for fractions of their former values and the latter is seeing a resurgence in digital ad spending. The most recent version of ChatGPT also avoided only picking popular mega-cap companies; ASML and ServiceNow are smaller firms with excellent growth rates. If an intern came to me with this list, I’d try to negotiate a full-time deal.</p><p style=\"text-align: start;\">On the other hand, though, GPT-4 had no idea why it was picking these stocks. When asked to elaborate, it could only give the same canned responses:</p><ul><li><p>Amazon: a “massive and diversified customer base.”</p></li><li><p>Meta: a “massive and engaged user base.”</p></li><li><p>Palo Alto Networks: a “large and loyal customer base.”</p></li></ul><p style=\"text-align: start;\">And so on.</p><p style=\"text-align: start;\">In other words, GPT-4 missed every nuance of <em>why</em> it did anything. It’s the same problem that all large language models (LLMs) seem to have — they’re only designed to predict text, not understand it.</p><p style=\"text-align: start;\">That meant ChatGPT had no idea of fundamental analysis or using a proven strategy. It was only a rehash of what others had already said before. Most alarmingly, the AI still failed to understand valuations. Most online stock analysis skips past their discounted cash flow (DCF) models, which means GPT-4 will always do the same.</p><h2 style=\"text-align: start;\">More Stock Picks From ChatGPT</h2><p style=\"text-align: start;\">Then there were ChatGPT’s other choices.</p><p style=\"text-align: start;\">In energy:</p><ul><li><p><strong>Devon Energy</strong> (NYSE: <strong><u>DVN</u></strong>)</p></li><li><p><strong>Duke Energy</strong> (NYSE: <strong><u>DUK</u></strong>)</p></li><li><p><strong>Exxon Mobil</strong> (NYSE: <strong><u>XOM</u></strong>)</p></li><li><p><strong>UGI </strong>(NYSE: <strong><u>UGI</u></strong>)</p></li></ul><p style=\"text-align: start;\">And in miscellaneous industries:</p><ul><li><p><strong>Axon Enterprise</strong> (NASDAQ: <strong><u>AXON</u></strong>)</p></li><li><p><strong>H&R Block</strong> (NYSE: <strong><u>HRB</u></strong>)</p></li><li><p><strong>Meritage Homes</strong> (NYSE: <strong><u>MTH</u></strong>)</p></li></ul><p style=\"text-align: start;\">Again, these are relatively strong picks. For energy stocks, Devon Energy and Exxon are low-cost hydrocarbon producers, giving them a significant advantage over their higher-cost peers. Historically, these firms tend to outlast competitors, leading to substantial long-term outperformance.</p><p style=\"text-align: start;\">In non-energy stocks, H&R Block is also a solid enterprise priced at historical valuations; I estimate the firm has a 30% upside over the next three years. And Meritage Homes is an above-average homebuilder trading at below-average prices.</p><p style=\"text-align: start;\">But the same issues of <em>insight</em> persist. The AI chatbot gave “strong financial performance” as the key reason for buying Devon, Exxon and Meritage Homes. Only Duke Energy garnered a different response, with ChatGPT calling its financial performance “stable” instead of “strong.”</p><p style=\"text-align: start;\">Not exactly a compelling reason to invest.</p><h2 style=\"text-align: start;\">Can You Us AI to Pick Stocks?</h2><p style=\"text-align: start;\">The financial industry is no stranger to using machine learning to trade stocks. High-frequency traders profit from minor pricing differences across exchanges. Their algorithms also help predict moves in the milliseconds following specific trades.</p><p style=\"text-align: start;\">Meanwhile, quantitative traders use every imaginable shred of information in their high-powered models. Some use investor sentiment on social media, while others use weather data to help predict crop outputs. Even the weather at the <strong>New York Stock Exchange</strong> has some predictive ability on stocks.</p><p style=\"text-align: start;\">ChatGPT is an extension of this strategy. Rather than rely on fundamental data or complex models, the AI chatbot mines the internet for insights into what others are writing about.</p><p style=\"text-align: start;\">Usually, it’s a surprisingly powerful way to invest. Companies with high share prices can raise cheaper capital, making it easier to fund projects. It’s a self-fulfilling prophecy that benefited startups like <strong>Tesla</strong> (NASDAQ: <strong><u>TSLA</u></strong>) and Amazon.</p><p style=\"text-align: start;\">But it’s still only a regurgitation of the internet. As compelling as ChatGPT might sound on paper, it’s only as insightful as the web articles it’s hoovering up. Until someone decides to plug GPT-4 into a hedge fund’s algorithm, investors must continue making their own investment decisions.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-19 09:00 GMT+8 <a href=https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.GPT-4 can browse the internet, making its picks more timely than before.However, the chatbot ...</p>\n\n<a href=\"https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦","MTH":"Meritage Homes Corp","UGI":"UGI公用事业","HRB":"H&R布洛克税务","META":"Meta Platforms, Inc.","AMZN":"亚马逊","AXON":"Axon Enterprise, Inc.","PANW":"Palo Alto Networks","NOW":"ServiceNow","XOM":"埃克森美孚","ISRG":"直觉外科公司","DUK":"杜克能源","DVN":"德文能源"},"source_url":"https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129578482","content_text":"The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.GPT-4 can browse the internet, making its picks more timely than before.However, the chatbot seems to lack some fundamental understanding of stock analysis.Back in February, I “tricked” ChatGPT into picking stocks to buy. Using creative prompt engineering, I nudged the ordinarily tight-lipped GPT-3.5 version to create a list of 30 stock picks.The recommendations were surprisingly good.The chatbot created a list of growth, value and short stocks that essentially distilled the knowledge of the internet. Any investor who followed along would have returned 7.2% in the past two months!But the list lacked a sense of timely insight. ChatGPT could only “see” news through September 2021, making its recent performance more about luck than skill. The same list of stocks badly underperformed in 2022. The artificial intelligence (AI) chatbot also lacked any notion of risk management. An investor following AI’s recommendations since February would have seen their margin accounts blow up when picks like AMC Entertainment (NYSE: AMC) jumped on a short squeeze.GPT-3.5 was also limited to picking popular stocks on the internet. Not one contrarian choice showed up in the entire list.So, when ChatGPT’s “GPT-4” upgrade was released last month, I was excited to try again.And it didn’t disappoint.Can AI Pick Stocks? GPT-4 Says Yes.The introduction of GPT-4 and competing services like Alphabet’s (NASDAQ: GOOG, NASDAQ: GOOGL) Google Bard adds three essential elements to AI investing.First, they’re far happier to give answers. This time, no fighting, negotiations or prompt engineering was required to coax the AI to give stock suggestions. I assume the search race between Microsoft (NASDAQ: MSFT) and Google has caused every player to lower their guard on that front.Second, the chatbots can now “see” current news. Recent upgrades now allow GPT-4 to browse the internet, making its picks far more timely than before.Finally, the newest version of ChatGPT seems happier to defer to human insight when it can’t figure things out, reducing the amount of hallucinations.Still, GPT-4 has some shortcomings.Because let’s take a look at what it said…The 13 Favorite Stock Picks of ChatGPTOn the tech side, ChatGPT was quick to offer several promising high-growth companies:Amazon (NASDAQ: AMZN)ASML Holding NV (NASDAQ: ASML)Intuitive Surgical (NASDAQ: ISRG)Meta Platforms (NASDAQ: META)Palo Alto Networks (NASDAQ: PANW)ServiceNow (NYSE: NOW)On the one hand, these companies are actually quite compelling. Names like Amazon and Meta trade for fractions of their former values and the latter is seeing a resurgence in digital ad spending. The most recent version of ChatGPT also avoided only picking popular mega-cap companies; ASML and ServiceNow are smaller firms with excellent growth rates. If an intern came to me with this list, I’d try to negotiate a full-time deal.On the other hand, though, GPT-4 had no idea why it was picking these stocks. When asked to elaborate, it could only give the same canned responses:Amazon: a “massive and diversified customer base.”Meta: a “massive and engaged user base.”Palo Alto Networks: a “large and loyal customer base.”And so on.In other words, GPT-4 missed every nuance of why it did anything. It’s the same problem that all large language models (LLMs) seem to have — they’re only designed to predict text, not understand it.That meant ChatGPT had no idea of fundamental analysis or using a proven strategy. It was only a rehash of what others had already said before. Most alarmingly, the AI still failed to understand valuations. Most online stock analysis skips past their discounted cash flow (DCF) models, which means GPT-4 will always do the same.More Stock Picks From ChatGPTThen there were ChatGPT’s other choices.In energy:Devon Energy (NYSE: DVN)Duke Energy (NYSE: DUK)Exxon Mobil (NYSE: XOM)UGI (NYSE: UGI)And in miscellaneous industries:Axon Enterprise (NASDAQ: AXON)H&R Block (NYSE: HRB)Meritage Homes (NYSE: MTH)Again, these are relatively strong picks. For energy stocks, Devon Energy and Exxon are low-cost hydrocarbon producers, giving them a significant advantage over their higher-cost peers. Historically, these firms tend to outlast competitors, leading to substantial long-term outperformance.In non-energy stocks, H&R Block is also a solid enterprise priced at historical valuations; I estimate the firm has a 30% upside over the next three years. And Meritage Homes is an above-average homebuilder trading at below-average prices.But the same issues of insight persist. The AI chatbot gave “strong financial performance” as the key reason for buying Devon, Exxon and Meritage Homes. Only Duke Energy garnered a different response, with ChatGPT calling its financial performance “stable” instead of “strong.”Not exactly a compelling reason to invest.Can You Us AI to Pick Stocks?The financial industry is no stranger to using machine learning to trade stocks. High-frequency traders profit from minor pricing differences across exchanges. Their algorithms also help predict moves in the milliseconds following specific trades.Meanwhile, quantitative traders use every imaginable shred of information in their high-powered models. Some use investor sentiment on social media, while others use weather data to help predict crop outputs. Even the weather at the New York Stock Exchange has some predictive ability on stocks.ChatGPT is an extension of this strategy. Rather than rely on fundamental data or complex models, the AI chatbot mines the internet for insights into what others are writing about.Usually, it’s a surprisingly powerful way to invest. Companies with high share prices can raise cheaper capital, making it easier to fund projects. It’s a self-fulfilling prophecy that benefited startups like Tesla (NASDAQ: TSLA) and Amazon.But it’s still only a regurgitation of the internet. As compelling as ChatGPT might sound on paper, it’s only as insightful as the web articles it’s hoovering up. Until someone decides to plug GPT-4 into a hedge fund’s algorithm, investors must continue making their own investment decisions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944275098,"gmtCreate":1681895225214,"gmtModify":1681895470476,"author":{"id":"3567134595140524","authorId":"3567134595140524","name":"Zyn","avatar":"https://static.tigerbbs.com/d4aeaa3f734c6ea462da44f924a48ca3","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3567134595140524","authorIdStr":"3567134595140524"},"themes":[],"htmlText":"Xxx","listText":"Xxx","text":"Xxx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944275098","repostId":"1129578482","repostType":2,"repost":{"id":"1129578482","kind":"news","pubTimestamp":1681866005,"share":"https://ttm.financial/m/news/1129578482?lang=&edition=fundamental","pubTime":"2023-04-19 09:00","market":"us","language":"en","title":"Can AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)","url":"https://stock-news.laohu8.com/highlight/detail?id=1129578482","media":"InvestorPlace","summary":"The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommenda","content":"<html><head></head><body><ul><li><p>The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.</p></li><li><p>GPT-4 can browse the internet, making its picks more timely than before.</p></li><li><p>However, the chatbot seems to lack some fundamental understanding of stock analysis.</p></li></ul><p>Back in February, I “tricked” ChatGPT into picking stocks to buy. Using creative prompt engineering, I nudged the ordinarily tight-lipped GPT-3.5 version to create a list of 30 stock picks.</p><p style=\"text-align: start;\"><em>The recommendations were surprisingly good.</em></p><p style=\"text-align: start;\">The chatbot created a list of growth, value and short stocks that essentially distilled the knowledge of the internet. Any investor who followed along would have returned 7.2% in the past two months!</p><p style=\"text-align: start;\">But the list lacked a sense of timely insight. ChatGPT could only “see” news through September 2021, making its recent performance more about luck than skill. The same list of stocks badly underperformed in 2022. The artificial intelligence (AI) chatbot also lacked any notion of risk management. An investor following AI’s recommendations since February would have seen their margin accounts blow up when picks like <strong>AMC Entertainment</strong> (NYSE: <strong><u>AMC</u></strong>) jumped on a short squeeze.</p><p style=\"text-align: start;\">GPT-3.5 was also limited to picking popular stocks on the internet. Not one contrarian choice showed up in the entire list.</p><p style=\"text-align: start;\">So, when ChatGPT’s “GPT-4” upgrade was released last month, I was excited to try again.</p><p style=\"text-align: start;\">And it didn’t disappoint.</p><h2 style=\"text-align: start;\">Can AI Pick Stocks? GPT-4 Says Yes.</h2><p style=\"text-align: start;\">The introduction of GPT-4 and competing services like <strong>Alphabet’s</strong> (NASDAQ: <strong><u>GOOG</u></strong>, NASDAQ: <strong><u>GOOGL</u></strong>) Google Bard adds three essential elements to AI investing.</p><p style=\"text-align: start;\">First, they’re far happier to give answers. This time, no fighting, negotiations or prompt engineering was required to coax the AI to give stock suggestions. I assume the search race between <strong>Microsoft</strong> (NASDAQ: <strong><u>MSFT</u></strong>) and Google has caused every player to lower their guard on that front.</p><p style=\"text-align: start;\">Second, the chatbots can now “see” current news. Recent upgrades now allow GPT-4 to browse the internet, making its picks far more timely than before.</p><p style=\"text-align: start;\">Finally, the newest version of ChatGPT seems happier to defer to human insight when it can’t figure things out, reducing the amount of hallucinations.</p><p style=\"text-align: start;\">Still, GPT-4 has some shortcomings.</p><p style=\"text-align: start;\">Because let’s take a look at what it said…</p><h2 style=\"text-align: start;\">The 13 Favorite Stock Picks of ChatGPT</h2><p style=\"text-align: start;\">On the tech side, ChatGPT was quick to offer several promising high-growth companies:</p><ul><li><p><strong>Amazon</strong> (NASDAQ: <strong><u>AMZN</u></strong>)</p></li><li><p><strong>ASML Holding NV</strong> (NASDAQ: <strong><u>ASML</u></strong>)</p></li><li><p><strong>Intuitive Surgical</strong> (NASDAQ: <strong><u>ISRG</u></strong>)</p></li><li><p><strong>Meta Platforms</strong> (NASDAQ: <strong><u>META</u></strong>)</p></li><li><p><strong>Palo Alto Networks</strong> (NASDAQ: <strong><u>PANW</u></strong>)</p></li><li><p><strong>ServiceNow</strong> (NYSE: <strong><u>NOW</u></strong>)</p></li></ul><p style=\"text-align: start;\">On the one hand, these companies are actually quite compelling. Names like Amazon and Meta trade for fractions of their former values and the latter is seeing a resurgence in digital ad spending. The most recent version of ChatGPT also avoided only picking popular mega-cap companies; ASML and ServiceNow are smaller firms with excellent growth rates. If an intern came to me with this list, I’d try to negotiate a full-time deal.</p><p style=\"text-align: start;\">On the other hand, though, GPT-4 had no idea why it was picking these stocks. When asked to elaborate, it could only give the same canned responses:</p><ul><li><p>Amazon: a “massive and diversified customer base.”</p></li><li><p>Meta: a “massive and engaged user base.”</p></li><li><p>Palo Alto Networks: a “large and loyal customer base.”</p></li></ul><p style=\"text-align: start;\">And so on.</p><p style=\"text-align: start;\">In other words, GPT-4 missed every nuance of <em>why</em> it did anything. It’s the same problem that all large language models (LLMs) seem to have — they’re only designed to predict text, not understand it.</p><p style=\"text-align: start;\">That meant ChatGPT had no idea of fundamental analysis or using a proven strategy. It was only a rehash of what others had already said before. Most alarmingly, the AI still failed to understand valuations. Most online stock analysis skips past their discounted cash flow (DCF) models, which means GPT-4 will always do the same.</p><h2 style=\"text-align: start;\">More Stock Picks From ChatGPT</h2><p style=\"text-align: start;\">Then there were ChatGPT’s other choices.</p><p style=\"text-align: start;\">In energy:</p><ul><li><p><strong>Devon Energy</strong> (NYSE: <strong><u>DVN</u></strong>)</p></li><li><p><strong>Duke Energy</strong> (NYSE: <strong><u>DUK</u></strong>)</p></li><li><p><strong>Exxon Mobil</strong> (NYSE: <strong><u>XOM</u></strong>)</p></li><li><p><strong>UGI </strong>(NYSE: <strong><u>UGI</u></strong>)</p></li></ul><p style=\"text-align: start;\">And in miscellaneous industries:</p><ul><li><p><strong>Axon Enterprise</strong> (NASDAQ: <strong><u>AXON</u></strong>)</p></li><li><p><strong>H&R Block</strong> (NYSE: <strong><u>HRB</u></strong>)</p></li><li><p><strong>Meritage Homes</strong> (NYSE: <strong><u>MTH</u></strong>)</p></li></ul><p style=\"text-align: start;\">Again, these are relatively strong picks. For energy stocks, Devon Energy and Exxon are low-cost hydrocarbon producers, giving them a significant advantage over their higher-cost peers. Historically, these firms tend to outlast competitors, leading to substantial long-term outperformance.</p><p style=\"text-align: start;\">In non-energy stocks, H&R Block is also a solid enterprise priced at historical valuations; I estimate the firm has a 30% upside over the next three years. And Meritage Homes is an above-average homebuilder trading at below-average prices.</p><p style=\"text-align: start;\">But the same issues of <em>insight</em> persist. The AI chatbot gave “strong financial performance” as the key reason for buying Devon, Exxon and Meritage Homes. Only Duke Energy garnered a different response, with ChatGPT calling its financial performance “stable” instead of “strong.”</p><p style=\"text-align: start;\">Not exactly a compelling reason to invest.</p><h2 style=\"text-align: start;\">Can You Us AI to Pick Stocks?</h2><p style=\"text-align: start;\">The financial industry is no stranger to using machine learning to trade stocks. High-frequency traders profit from minor pricing differences across exchanges. Their algorithms also help predict moves in the milliseconds following specific trades.</p><p style=\"text-align: start;\">Meanwhile, quantitative traders use every imaginable shred of information in their high-powered models. Some use investor sentiment on social media, while others use weather data to help predict crop outputs. Even the weather at the <strong>New York Stock Exchange</strong> has some predictive ability on stocks.</p><p style=\"text-align: start;\">ChatGPT is an extension of this strategy. Rather than rely on fundamental data or complex models, the AI chatbot mines the internet for insights into what others are writing about.</p><p style=\"text-align: start;\">Usually, it’s a surprisingly powerful way to invest. Companies with high share prices can raise cheaper capital, making it easier to fund projects. It’s a self-fulfilling prophecy that benefited startups like <strong>Tesla</strong> (NASDAQ: <strong><u>TSLA</u></strong>) and Amazon.</p><p style=\"text-align: start;\">But it’s still only a regurgitation of the internet. As compelling as ChatGPT might sound on paper, it’s only as insightful as the web articles it’s hoovering up. Until someone decides to plug GPT-4 into a hedge fund’s algorithm, investors must continue making their own investment decisions.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan AI Pick Stocks? ChatGPT Says Yes. (And Gives 13 Favorites!)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-19 09:00 GMT+8 <a href=https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.GPT-4 can browse the internet, making its picks more timely than before.However, the chatbot ...</p>\n\n<a href=\"https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦","MTH":"Meritage Homes Corp","UGI":"UGI公用事业","HRB":"H&R布洛克税务","META":"Meta Platforms, Inc.","AMZN":"亚马逊","AXON":"Axon Enterprise, Inc.","PANW":"Palo Alto Networks","NOW":"ServiceNow","XOM":"埃克森美孚","ISRG":"直觉外科公司","DUK":"杜克能源","DVN":"德文能源"},"source_url":"https://investorplace.com/2023/04/can-ai-pick-stocks-chatgpt-says-yes-and-gives-13-favorites/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129578482","content_text":"The latest version of ChatGPT — GPT-4 — was able to provide some surprisingly solid stock recommendations.GPT-4 can browse the internet, making its picks more timely than before.However, the chatbot seems to lack some fundamental understanding of stock analysis.Back in February, I “tricked” ChatGPT into picking stocks to buy. Using creative prompt engineering, I nudged the ordinarily tight-lipped GPT-3.5 version to create a list of 30 stock picks.The recommendations were surprisingly good.The chatbot created a list of growth, value and short stocks that essentially distilled the knowledge of the internet. Any investor who followed along would have returned 7.2% in the past two months!But the list lacked a sense of timely insight. ChatGPT could only “see” news through September 2021, making its recent performance more about luck than skill. The same list of stocks badly underperformed in 2022. The artificial intelligence (AI) chatbot also lacked any notion of risk management. An investor following AI’s recommendations since February would have seen their margin accounts blow up when picks like AMC Entertainment (NYSE: AMC) jumped on a short squeeze.GPT-3.5 was also limited to picking popular stocks on the internet. Not one contrarian choice showed up in the entire list.So, when ChatGPT’s “GPT-4” upgrade was released last month, I was excited to try again.And it didn’t disappoint.Can AI Pick Stocks? GPT-4 Says Yes.The introduction of GPT-4 and competing services like Alphabet’s (NASDAQ: GOOG, NASDAQ: GOOGL) Google Bard adds three essential elements to AI investing.First, they’re far happier to give answers. This time, no fighting, negotiations or prompt engineering was required to coax the AI to give stock suggestions. I assume the search race between Microsoft (NASDAQ: MSFT) and Google has caused every player to lower their guard on that front.Second, the chatbots can now “see” current news. Recent upgrades now allow GPT-4 to browse the internet, making its picks far more timely than before.Finally, the newest version of ChatGPT seems happier to defer to human insight when it can’t figure things out, reducing the amount of hallucinations.Still, GPT-4 has some shortcomings.Because let’s take a look at what it said…The 13 Favorite Stock Picks of ChatGPTOn the tech side, ChatGPT was quick to offer several promising high-growth companies:Amazon (NASDAQ: AMZN)ASML Holding NV (NASDAQ: ASML)Intuitive Surgical (NASDAQ: ISRG)Meta Platforms (NASDAQ: META)Palo Alto Networks (NASDAQ: PANW)ServiceNow (NYSE: NOW)On the one hand, these companies are actually quite compelling. Names like Amazon and Meta trade for fractions of their former values and the latter is seeing a resurgence in digital ad spending. The most recent version of ChatGPT also avoided only picking popular mega-cap companies; ASML and ServiceNow are smaller firms with excellent growth rates. If an intern came to me with this list, I’d try to negotiate a full-time deal.On the other hand, though, GPT-4 had no idea why it was picking these stocks. When asked to elaborate, it could only give the same canned responses:Amazon: a “massive and diversified customer base.”Meta: a “massive and engaged user base.”Palo Alto Networks: a “large and loyal customer base.”And so on.In other words, GPT-4 missed every nuance of why it did anything. It’s the same problem that all large language models (LLMs) seem to have — they’re only designed to predict text, not understand it.That meant ChatGPT had no idea of fundamental analysis or using a proven strategy. It was only a rehash of what others had already said before. Most alarmingly, the AI still failed to understand valuations. Most online stock analysis skips past their discounted cash flow (DCF) models, which means GPT-4 will always do the same.More Stock Picks From ChatGPTThen there were ChatGPT’s other choices.In energy:Devon Energy (NYSE: DVN)Duke Energy (NYSE: DUK)Exxon Mobil (NYSE: XOM)UGI (NYSE: UGI)And in miscellaneous industries:Axon Enterprise (NASDAQ: AXON)H&R Block (NYSE: HRB)Meritage Homes (NYSE: MTH)Again, these are relatively strong picks. For energy stocks, Devon Energy and Exxon are low-cost hydrocarbon producers, giving them a significant advantage over their higher-cost peers. Historically, these firms tend to outlast competitors, leading to substantial long-term outperformance.In non-energy stocks, H&R Block is also a solid enterprise priced at historical valuations; I estimate the firm has a 30% upside over the next three years. And Meritage Homes is an above-average homebuilder trading at below-average prices.But the same issues of insight persist. The AI chatbot gave “strong financial performance” as the key reason for buying Devon, Exxon and Meritage Homes. Only Duke Energy garnered a different response, with ChatGPT calling its financial performance “stable” instead of “strong.”Not exactly a compelling reason to invest.Can You Us AI to Pick Stocks?The financial industry is no stranger to using machine learning to trade stocks. High-frequency traders profit from minor pricing differences across exchanges. Their algorithms also help predict moves in the milliseconds following specific trades.Meanwhile, quantitative traders use every imaginable shred of information in their high-powered models. Some use investor sentiment on social media, while others use weather data to help predict crop outputs. Even the weather at the New York Stock Exchange has some predictive ability on stocks.ChatGPT is an extension of this strategy. Rather than rely on fundamental data or complex models, the AI chatbot mines the internet for insights into what others are writing about.Usually, it’s a surprisingly powerful way to invest. Companies with high share prices can raise cheaper capital, making it easier to fund projects. It’s a self-fulfilling prophecy that benefited startups like Tesla (NASDAQ: TSLA) and Amazon.But it’s still only a regurgitation of the internet. As compelling as ChatGPT might sound on paper, it’s only as insightful as the web articles it’s hoovering up. Until someone decides to plug GPT-4 into a hedge fund’s algorithm, investors must continue making their own investment decisions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
