IMPORTANT POINTS:
- GPT Portfolio 2.0 is based solely on predictions generated by OpenAI’s ChatGPT.
- More than 43,000 investors have collectively invested almost $35.01 billion in this unique project.
- The performance of the GPT 2.0 picks has been mixed this year, with stocks like Salesforce and Adobe posting returns of more than 50%.
Earlier this year, a group of artificial intelligence (AI) experts caused a stir in the investment world with the introduction of the “The GPT portfolio” an innovative stock portfolio based exclusively on forecasts from ChatGPT the OpenAI.
Now these innovators are returning to the spotlight with their latest offering: the “GPT Portfolio 2.0,” unveiled last week.
Con more than 43,000 investors who have collectively invested almost $35.01 billion in this unique project, the GPT 2.0 portfolio currently has a diversified selection 15 actions including industry giants like United Health Group (UNH), Qualcomm (QCOM), ExxonMobil (XOM) and more.
Strategy and stock selection
As with the first portfolio, GPT applies a diversification-oriented strategy to select 15 assets for investment, including: 10 individual stocks and 5 ETFs industry-specific at the beginning of each month.
These investment decisions are made using an AI-powered scoring system based on the analysis of numerous economic and company-specific factors. Additionally, at the end of each month, GPT reviews this analysis and selects a new set of 15 investments for the next period.
On the other hand, the GPT 2.0 portfolio includes well-known companies in various industries such as: energy, health, technology and finance, among others. Specifically, investors supporting the project invested almost $35.01 billion in stocks such as Oracle (ORCL), Salesforce (CRM), Adobe (ADBE) and Visa (V).
However, the AI bot also selected four top ETFs including iShares US Healthcare Providers ETF (IHF), iShares Expanded Tech-Software Sector ETF (IGV), iShares Global Clean Energy ETF (ICLN) and Vanguard Health Care Index Fund ETF (VHT).
Stock performance in 2023
GPT 2.0’s electoral performance is mixed this year. The top performing stocks mentioned above include Salesforce (+59%), Adobe (+57%), Exxon (+11%), Oracle (+35%) and CME (+22%).
Companies in negative territory year-to-date (YTD) include General Dynamics (GD) at -9.8% and United Health at -6.7%. On the other hand, the four ETFs IHF, IGV, ICLN and VHT have mixed returns in 2023 at -6.3%, +37%, -20.6% and -2.5%, respectively.
