In this article, we will discuss How can Chat GPT: The Future of stock prediction ?
How chat GPT will help the people or replace the stock price analysts.
The stock market is a complex system that is influenced by a variety of factors, including economic conditions, political events, and investor sentiment. As a result, even the best AI tools will only be able to generate probabilistic predictions
Basically, it is very difficult to predict stock price movement by any expert even after studying market news, events, and other x-factors. But there is a saying that the history of stock price movement can not predict the future price of the stock. And it is true.
In the current situation stock price affecting some of the factors are as follows
- Company result
- Bank interest rate
- Institutional investor sentiment about the company
- Management of company
- Companies product
- Companies’ current and future plan
- Political situation and support
- Companies competitors plan
- And the x-factors news which may come at any time.
Currently stock market is not using chat GPT to predict the stock market in the current market situation. But in the future, it can be possible to use chat GPT to predict stock prices! why because of the following news .
But according to Alejandro Lopez-Lira (University of Florida- Department of Finance, insurance), and real estate says that in the future Chat GPT AI after feeding historical movement, an indicator of news whether good or bad and gives results to analytics to predict stock price movement. He told that in one of the interviews in a CNBC news video. You can also find his submitted research paper in the following link Research Paper of Chat GPT Use for Stock Price Prediction by Mr. Alejandro Lopez-Lira
