15 Stocks ChatGPT Says Will Make Me Rich in 10 Years

Fahad Saleem
18 min read

In This Article:

In this article, we will take a detailed look at the 15 Stocks ChatGPT Says Will Make Me Rich in 10 Years. For a quick overview of the 5 such stocks, read our article 5 Stocks ChatGPT Says Will Make Me Rich in 10 Years.

Picking individual stocks to beat the market is getting harder by the day, thanks to rising volatility, increasing competition and receding transparency. More and more young investors are gravitating towards the idea of investing their money into broader market index funds instead of individual stocks. Jeremy Siegel in his book “Stocks for the Long Run” wrote a chapter titled “Building Wealth Through Stocks.” In this chapter the Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia shares some data showing how difficult it is to say with confidence that the money manager you are trusting with your savings actually knows their job.

“Even if money managers choose stocks that have an expected return of 1 percent per year better than the market, there is only a 62.7 percent probability that they will exceed the average market return after 10 years and only a 71.2 percent probability that they will exceed the average market return after 30 years. If managers pick stocks that will outperform the market by 2 percent per year, there is still only a 74.0 percent chance that they will outperform the market after 10 years. This means there is a 1-in-4 chance that they will still fall short of the average market performance. The length of time needed to be reasonably certain that superior managers will outperform the market will most surely outlive their trial period for determining their real worth.”

Can AI Pick Individual Stocks and Beat the Market?

AI is taking over the world and with AI-powered machines beating chess masters, creating songs and world-class art, many are asking why can’t AI be used for stock picking? AI and machine learning has been used by a lot of hedge funds for years now. But we are still years away from a time when AI would be able to process billions of data points and do predictive analysis on stock movements to pick stocks for the future. Bloomberg’s Justina Lee in October talked to hedge funds who are trying to use AI to beat the market. So far their performance hasn’t been impressive because, according to Lee, the financial data is a lot “noisier” and there are many moving parts which AI algorithms still need to process.

But the advances made by AI in stock picking are huge. Back in 2021, Bloomberg had reported that researchers at the University of Oxford said they have designed a machine learning model with a capability to predict stock price movements. They claimed that the model posted a whopping 80% success rate for the equivalent of about 30 seconds of live trading.

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