AI Chatbot To Give Stock-Picking Advice: How Does AI Perform In The Markets?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Source: Benzinga
AI Chatbot Launch: The Israel Securities Authority has approved Bridgewise's AI chatbot, Bridget, to provide stock-picking advice, marking a new phase in regulated AI-driven retail investing in partnership with Israel Discount Bank.
Market Concerns and Performance: While AI could disrupt traditional investment strategies, concerns about market concentration persist; current AI-driven ETFs are underperforming compared to the S&P 500, raising questions about their effectiveness and high expense ratios.
Analyst Views on BUZZ
Wall Street analysts forecast BUZZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BUZZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 35.020
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Current: 35.020
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
