If you invested $1000 in this ChatGPT spring portfolio, you’d be this much in profit
The post If you invested $1000 in this ChatGPT spring portfolio, you’d be this much in profit appeared on BitcoinEthereumNews.com. In February 2024, Finbold turned to OpenAI’s artificial intelligence (AI) tool ChatGPT for insights into an ideal stock portfolio for the spring season. With summer here, it’s time to review the portfolio’s performance. Notably, this period has been marked by stock market bullishness, with major indices recording significant gains. ChatGPT curated a portfolio featuring diverse equities from different sectors. The stocks included technology giant Microsoft (NASDAQ: MSFT), lawn and garden entity Scotts Miracle-Gro (NYSE: SMG), Alphabet (NASDAQ: GOOGL), PayPal (NASDAQ: PYPL), and The Home Depot (NYSE: HD). By June 22, 2024, these stocks had shown notable performance. Microsoft, trading at $414.11 on February 8, saw its price rise to $449.78 by June 22, resulting in an 8.63% gain. Scotts Miracle-Gro, which was at $57.66 in February, increased to $67.04, marking a 16.28% gain. Alphabet’s stock price increased significantly from $147.22 to $180.26, a 22.44% gain. PayPal’s stock price went from $56.13 to $60.61, achieving a 7.98% gain. The only stock that declined was The Home Depot, which dropped from $363.72 to $355.80, representing a 2.18% loss. Returns from splitting $1,000 investment Assuming the $1,000 was evenly distributed across the five stocks, each stock received an investment of $200. Microsoft’s $200 grew to $217.26, Scotts Miracle-Gro’s $200 increased to $232.56, Alphabet’s $200 surged to $244.88, PayPal’s $200 rose to $215.96, and The Home Depot’s $200 decreased to $195.64. Adding up these values gives a total portfolio worth of $1,106.30. With an initial investment of $1,000, this results in a profit of $106.30, representing a 10.63% return on investment in just over four months. Investing $1,000 in each stock On the other hand, assuming $1,000 was invested in each stock, Microsoft saw an 8.63% growth, resulting in a new value of $1,086.30. Scotts Miracle-Gro grew by 16.28%, resulting in $1,162.80. Alphabet, with…
The post If you invested $1000 in this ChatGPT spring portfolio, you’d be this much in profit appeared on BitcoinEthereumNews.com.
In February 2024, Finbold turned to OpenAI’s artificial intelligence (AI) tool ChatGPT for insights into an ideal stock portfolio for the spring season. With summer here, it’s time to review the portfolio’s performance. Notably, this period has been marked by stock market bullishness, with major indices recording significant gains. ChatGPT curated a portfolio featuring diverse equities from different sectors. The stocks included technology giant Microsoft (NASDAQ: MSFT), lawn and garden entity Scotts Miracle-Gro (NYSE: SMG), Alphabet (NASDAQ: GOOGL), PayPal (NASDAQ: PYPL), and The Home Depot (NYSE: HD). By June 22, 2024, these stocks had shown notable performance. Microsoft, trading at $414.11 on February 8, saw its price rise to $449.78 by June 22, resulting in an 8.63% gain. Scotts Miracle-Gro, which was at $57.66 in February, increased to $67.04, marking a 16.28% gain. Alphabet’s stock price increased significantly from $147.22 to $180.26, a 22.44% gain. PayPal’s stock price went from $56.13 to $60.61, achieving a 7.98% gain. The only stock that declined was The Home Depot, which dropped from $363.72 to $355.80, representing a 2.18% loss. Returns from splitting $1,000 investment Assuming the $1,000 was evenly distributed across the five stocks, each stock received an investment of $200. Microsoft’s $200 grew to $217.26, Scotts Miracle-Gro’s $200 increased to $232.56, Alphabet’s $200 surged to $244.88, PayPal’s $200 rose to $215.96, and The Home Depot’s $200 decreased to $195.64. Adding up these values gives a total portfolio worth of $1,106.30. With an initial investment of $1,000, this results in a profit of $106.30, representing a 10.63% return on investment in just over four months. Investing $1,000 in each stock On the other hand, assuming $1,000 was invested in each stock, Microsoft saw an 8.63% growth, resulting in a new value of $1,086.30. Scotts Miracle-Gro grew by 16.28%, resulting in $1,162.80. Alphabet, with…
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