ChatGPT wrote an article about the market in under a minute. Here's what the buzzy AI is thinking about meme stocks, market volatility, and the outlook for stocks in 2023.
In November, OpenAI launched an intelligent language-generating model called ChatGPT that could answer most questions coherently and in surprising detail.
"In 2020, the stock market experienced a roller coaster of ups and downs as a result of the ongoing COVID-19 pandemic," the bot wrote, adding that investors shifted dramatically into tech stocks as more people turned to online platforms for work and entertainment. "The year 2020 also marked the entry of individual retail investors in stock markets through trading apps, these app allowed retail investors to invest in stocks at lower amounts and even use leverage to trade. This made a huge impact on the market as the number of individual investors increased leading to increased volatility in some stocks specifically the so-called meme stocks, that went viral on social media platforms and were heavily bought by retail investors.
On the other hand, if the world economy continue on the path of recovery, it could boost the market. Additionally, policy changes from governments and central banks, such as interest rate decisions, could also affect the market.
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