ChatGPT Stock Predictions for 2023
Everyone’s favorite AI-content generator has an answer for all of life’s questions. OpenAI’s ChatGPT can even be your new financial advisor. Though, I would strongly advise against this, you may be surprised about ChatGPT’s stock predictions for 2023.
ChatGPT’s favorite stocks
The AI-content machine has been making waves in media headlines recently. It recently referred to Elon Musk as ‘controversial.’
However, if you’re a Tesla shareholder, I think you might agree with ChatGPT’s assessment of Musk.
Jokes aside, the strength of ChatGPT’s code has captured the attention of retail traders and investors, who are seeking stock advice.
Our friends at Market Rebellion have done the heavy lifting for us and asked ChatGPT to give some stock picks.
Despite calling Musk controversial, ChatGPT surprisingly picked Tesla as its best investment for 2023.
We asked a jailbroken version of ChatGPT what the top performing $SPY stock of 2023 would be.
We also asked Rebels.
Both predicted that it would be $TSLA.
Read the results of ChatGPT’s stock market prediction below. pic.twitter.com/pP0t8CMFVr— Market Rebellion (@MarketRebels) February 17, 2023
I find this stock pick a tad ironic. Though, I do agree that Tesla is due for a rebound in 2023. In fact, we have Tesla predicted for a massive rise by 2025.
With that said, it begs the question of how ChatGPT feels about the stock market overall?
ChatGPT thinks the stock market will crash
In some not so good news, ChatGPT has joined forces with the ‘bears’ and is predicting a major stock market crash in March of 2023.
OpenAI’s ChatGPT has reportedly predicted that the stock market will crash on March 15, 2023, per BI.
— unusual_whales (@unusual_whales) February 16, 2023
This is interesting for two reasons. First, ChatGPT’s code has only been programmed with data up to 2021.
So if you ask ChatGPT who the Queen of England is, the AI will respond Queen Elizabeth II.
Secondly, ChatGPT has been accused of having a political bias (hint: it’s left leaning) which has been said to skew some of its answers.
I find it quite fitting that even ChatGPT has joined the good old American political arena. It’s very fitting for the current times that we live in.
You thought it was just your aunt or uncle, who needlessly stirs up drama? Now it’s AI too!
AI stocks to watch
With that said, I think the AI race will be interesting to watch from an investment perspective.
It seems like every company linked to AI at all (Nvidia, etc.) have all seen significant gains since the start of 2023.
Even blue-chip companies like Amazon, Microsoft, Google and Tesla are gearing up for what has been described as an ‘AI arm’s race.’
Any of the above companies might be among the most well known AI stocks to watch.
But a few more lesser known names to consider are Palantir Technologies, Crowdstrike Holdings and a surprise on the list, Pinterest.
What I find funny about Pinterest being listed here is that most people think of it as a social media app focused on making unique boards with wedding or fashion themes.
That’s only to those not in the ‘know.’ Pinterest actually develops a very accurate yearly predictions model, based on AI and user generated trends.
If you’re an entrepreneur, you may find Pinterest’s prediction tool quite useful for potential product selection.
Despite what you think about ChatGPT and AI in general, it’s certainly worth reading up about.
I must caution however, that every company was trying to chase trends as early as last year, with crypto.
Could ChatGPT and AI be just a fad? It’s unlikely. Hence, I’d recommended balancing your investment portfolios accordingly.
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