How To Use ChatGPT To Analyze A Stock?


With all the buzz about ChatGPT, it got me thinking: can you use the sophisticated artificial intelligence (AI) chatbot to analyze a stock? The answer is yes! With #ChatGPT, users can leverage its advanced natural language processing capabilities to accurately assess and analyze a given stock.

Introduce the concept of ChatGPT and its capabilities

ChatGPT is a powerful AI chatbot that can understand and interpret natural language. It can generate logical responses to questions posed by users in real-time, as well as assess complex financial data such as stock prices.

When analyzing a stock with ChatGPT, users can ask questions about the company’s performance, its competitors, the current market conditions, and even its future prospects. ChatGPT is able to analyze financial data available on the web and generate accurate predictions and insights based on that information.

ChatGPT is not the only one. Google AI and Apple Siri are also advanced AI chatbots that can be used to analyze stocks. Baidu also is going to release its own AI. InvestGlass allows you to connect ChatGPT and we will also let you connect to other AI APIs soon.

The power of Artificial Intelligence for Banks and Financial Analysts

Now, when you’re looking to invest in a company, you can use ChatGPT to gain an initial understanding of that business. With AI technology powering it, ChatGPT can provide quick and accurate insights into the fundamentals of a company. To begin, simply type in a company’s ticker symbol or name like TESLA. I asked it to “explain to me Tesla’s exact business model”

Taking it a step further, you can use ChatGPT to figure out a company’s economic structure. This is the query I have done on the left. On the right, I asked another question to chatGPT, “how easy is it for Tesla to scale”.

How can AI be used in financial services?

You can also use ChatGPT to do a SWOT analysis. A Swot analysis is used for asking “what are Tesla’s strengths, weaknesses, opportunities, and threats?” And here’s what I got this! This is really impressive.

The SWOT analysis is used for assessing a company’s competitive position and finding the areas of potential growth. It is often used by investors, bankers, and financial analysts to assess the risk associated with an investment in a particular stock.

SWOT should not be used for making buy or sell decisions, as there might be other factors that could affect the outcome of an investment. ChatGPT should only be used to provide insights into a company’s fundamentals and the industry it operates in, not making specific buy/sell calls.

Say you wanted to see whether it’s a good time to buy a stock based on some technical analysis indicator – for example, the relative strength index (#RSI). To do this, you could use ChatGPT to generate code that can automatically analyze the RSI of your chosen stock and tell you when it’s time to buy.

InvestGlass Portfolio Management with Suitability Tests
InvestGlass Portfolio Management with Suitability Tests

How InvestGlass Swiss CRM & PMS will boost financial services?

InvestGlass is the number one Swiss CRM and portfolio management tool built to automate sales and compliance. To the left, save your bankers’ time with AI-generated portfolio reviews, rebalancing, and hyper-targeted solicitations. To the right, send individual messages with the power of artificial intelligence. Save time, engage individually and with more relevancy.

Are you looking to implement this with your broker or bank? InvestGlass can be connected to your core banking system. Contact me today and let’s discuss and boost your sales with InvestGlass and chatGPT.

chatgpt for stock analysis

Ready to Chat?

See how the world's fastest-growing companies use InvestGlass to power efficient revenue engines.

Copyright © InvestGlass SA. All rights reserved.
Made in Switzerland 🇨🇭