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COMPANY NEWS | MARKET REPORTS | 10.05.2023

Now wealth advisors and fund managers are in the firing line!

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ChatGPT can predict stock price movements better than humans. Two finance professors at the University of Florida found this out by feeding the AI more than 50,000 headlines about several companies. When they then had the software assess whether the news was good or bad for the companies’ share prices, the program performed better than human analysts.

Is ChatGPT currently developing into a kind of crystal ball for investors? Or, put differently: Is AI now poised to replace not only copywriters and accountants, but also financial advisers? “This is one of the rare cases where the hype is real,” said Slavi Marinov, Head of Machine Learning at Man AHL, a company specialising in data-driven investment strategies. The AI can largely interpret news correctly and derive stock trends from it even when the articles were published after 2021 and therefore are not included in the chatbot’s training data.

This leaves only the question of whether ChatGPT is also ready to provide recommendations on commodity investments. We asked the AI whether it would invest in technology metals and rare earths. The answer sounded very promising:

Technology metals and rare earths are commodities used in the production of high-tech products and renewable energy technologies. These include metals such as lithium, cobalt, and copper, as well as rare earths such as neodymium, dysprosium, and terbium. Due to their unique properties, these commodities can play an important role in the manufacture of electronic devices, batteries, solar panels, wind turbines, and other renewable energy technologies.

This promises good prospects for the future:

In recent years, the growth of renewable energy and rising demand for electric vehicles have increased demand for technology metals and rare earths.

However, ChatGPT also advises investors to conduct a thorough analysis and weigh the risks and opportunities before investing in these commodities. We have already done that for you, so you no longer need to worry about anything. With our product “Noble Portfolio+Finomet“, we have put together a “ready-to-go” package featuring the most important energy metals and rare earths for you.

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The articles, information, and analyses offered here are for informational purposes only and do not constitute any buying or selling recommendations. They are not to be construed as an explicit or implicit assurance of specific price developments or as a solicitation to take action. Investing in commodities carries risks that can lead to a total loss of the invested capital. This information does not replace expert investment advice tailored to individual needs. No explicit or implicit liability or guarantee is assumed for the timeliness, accuracy, appropriateness, and completeness of the provided information, nor for any financial damages.

Noble BC does not provide financial services and/or financial advice.

As a metal trading company, Noble BC sells high-tech metals to private and commercial customers. Noble BC does not guarantee a continuous interest on the money invested in metals or make predictions about value appreciation, nor does it promise to maintain value. Noble BC solely considers itself a trader of high-tech metals in a purely physical form when dealing with private customers.

Noble BC advises private customers that the resale of metals is not guaranteed by any party at any time. During periods of moderate trading and oversupply, the sale of acquired metals may result in significant markdowns.

Please also note the risk disclaimers in the purchase contract.