ChatGPT-4o builds ideal winning stocks and crypto portfolio from current market crash
ChatGPT-4o builds ideal winning stocks and crypto portfolio from current market crash Share
Stocks Aug 8, 2024The stock and cryptocurrency markets have recently experienced significant volatility, with both sectors recording a hemorrhage of capital.
Although both sectors have improved in the short term, persistent fears of further correction remain, considering the overarching concerns about the onset of a recession. Indeed, buying opportunities usually emerge in cases of such volatility.
Therefore, investors might seek the ideal winning combination of stocks and cryptocurrencies. Consequently, Finbold turned to OpenAI’s latest and most advanced artificial intelligence (AI) tool, ChatGPT-4o, to gather insights.
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Crypto picks
ChatGPT-4o selected the following cryptocurrencies for a winning portfolio:
#1 Bitcoin (BTC)
The AI tool selected Bitcoin (BTC) as the top pick for a crypto portfolio. As the most established and widely recognized cryptocurrency, Bitcoin is often considered a safe haven. ChatGPT-4o noted that Bitcoin’s resilience and dominance make it a cornerstone for any crypto portfolio, recommending a substantial 40% allocation.
Additionally, Bitcoin’s widespread acceptance and integration into mainstream finance enhance its stability, making it a reliable store of value and a hedge against economic uncertainty.
#2 Ethereum (ETH)
Ethereum (ETH) is in second place, with ChatGPT-4o recommending a 30% allocation. It cited the platform’s status as a leader in decentralized applications (dApps) and smart contracts.
Ethereum’s transition to a proof-of-stake (PoS) model and its role in powering decentralized finance (DeFi) projects and non-fungible tokens (NFTs) highlight its versatile applications and potential for future growth.
#3 Solana (SOL)
According to the AI tool, Solana (SOL), known for its high-speed transactions and low fees, is emerging as a significant competitor to Ethereum. ChatGPT-4o recommended a 15% allocation, citing the platform’s technological advancements and growing user base, which adds to its appeal.
#4 Binance Coin (BNB)
Binance Coin (BNB) also holds a 15% share in the portfolio curated by ChatGPT-4o. The OpenAI tool stated that integral to the Binance ecosystem, Binance Coin provides utility for trading fees and other services on one of the largest crypto exchanges, driving its value.
AI’s picks for crypto investment amid the market downturn. Source: ChatGPT-4o
Stock picks
For stock picks, ChatGPT-4o’s portfolio comprises companies from different sectors, such as technology, healthcare, and financials.
#1 Nvidia (NASDAQ: NVDA)
In the stock portfolio, ChatGPT-4o identified Nvidia (NASDAQ: NVDA) as the top selection. The company stands out as a leading provider of GPUs, benefiting from the growing trends in AI, gaming, and data centers. Its graphics technology and AI computing innovation keep it at the forefront of the tech industry, justifying a 30% allocation.
#2 Johnson & Johnson
Johnson & Johnson (NYSE: JNJ), a diversified healthcare giant, offers stable earnings and dividends. With a broad product range and strong R&D pipeline, it provides consistent growth, with the AI tool recommending a 25% allocation.
Johnson & Johnson’s robust pharmaceutical, medical device, and consumer health segments ensure diversified revenue streams.
#3 Amazon (NASDAQ: AMZN)
Amazon (NASDAQ: AMZN), dominating e-commerce and rapidly expanding its cloud services through AWS, secures another 25% of the portfolio. Its approach and continuous expansion drive strong growth potential.
According to ChatGPT-4o, Amazon’s focus on customer service, logistics efficiency, and technological advancements in AI and machine learning bolster its competitive edge.
#4 JPMorgan Chase (NYSE: JPM)
JPMorgan Chase (NYSE: JPM) was selected from the finance sector due to its diversified services, strong capital management, and resilience. Its strategic growth initiatives position it well for future gains, rounding out the portfolio with a 20% allocation.
JPMorgan Chase’s comprehensive range of services, including investment banking, asset management, and consumer banking, and its robust risk management practices make it a cornerstone of the financial sector.
AI’s picks for stock investment amid the market downturn. Source: ChatGPT-4o
Investment strategy
ChatGPT-4o emphasized the importance of a well-diversified portfolio across different asset classes to minimize risk. This approach balances high-growth potential with stability.
It noted that maintaining a long-term perspective is key. Focusing on assets with strong growth potential and sound fundamentals is a strategy for building wealth steadily over time.
Crypto and stock investment strategy. Source: ChatGPT-4o
Overall, with the US economy facing significant uncertainty due to fears of an impending recession, ChatGPT-4o’s curated stock and crypto portfolio offers a balanced mix of proven high-quality assets that have historically demonstrated resilience and the ability to navigate downturns and capitalize on future growth.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.