ChatGPT portfolio picks Nvidia stock as its largest holding – Finbold – Finance in Bold
In a convergence of cutting-edge technologies, the stock market has witnessed a remarkable feat: an AI bot successfully picking an AI industry winner. The focus of attention is Nvidia (NASDAQ: NVDA), a leading force in the semiconductor realm, and the AI entity responsible for this astute choice is none other than OpenAI’s chatbot ChatGPT.
The so-called “GPT Portfolio” seeks to validate whether AI-powered insights could indeed surpass traditional methods in the complex realm of stock market predictions and investing legends such as Warren Buffett.
Notably, echoing the sentiments of seasoned investors, GPT’s strategic alignment with Nvidia becomes evident. As the AI industry gains momentum, Nvidia’s prominence has surged, and GPT’s selection of Nvidia as its largest portfolio holding for the past month underscores the resonance between artificial and algorithmic insights.
Nvidia’s latest financial disclosure with an 88% leap in revenue that outshines projections, the company’s allure is validated. The driving force behind this meteoric rise is the escalating demand for AI chips – a niche where Nvidia has established an undisputed stronghold.
In particular, The GPT portfolio has a substantial 16% holding in Nvidia, which stands as the flagship holding, accompanied by other stocks, while CME, listed on the NASDAQ, constitutes 5%.
An AI bot picking an AI winner 🫡
Everyone seemed to be long $NVDA, well so was GPT
It has been the portfolio's largest holding for the past month
"Nvidia reports 88% jump in revenue and tops estimates, driven by demand for AI chip"
It is now up 8% after hours pic.twitter.com/a8wxHaRoEe
In the preceding week, GPT meticulously curated selections for its actual $50,000 portfolio, encompassing Abbott Labs, Parsons Corp (NYSE: PSN), Exxon Mobil (NYSE: XOM), Waste Management (NYSE: WM), and Trex Company Inc (NYSE: TREX).
The performance of these selections since their unveiling last week has closely mirrored that of the broader market index (NYSEARCA: SPY).
Significantly, high-performing entities such as Nvidia, Microsoft (NASDAQ: MSFT), and Abbott Labs (NYSE: ABT) have effectively counterbalanced the impact of the sole underperformer in this set, Trex Company Inc .
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