Potential of ChatGPT in predicting stock market trends based on Twitter Sentiment Analysis
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Abstract (arXiv)
The rise of ChatGPT has brought a notable shift to the AI sector, with its exceptional conversational skills and deep grasp of language. Recognizing its value across different areas, our study investigates ChatGPT's capacity to predict stock market movements using only social media tweets and sentiment analysis. We aim to see if ChatGPT can tap into the vast sentiment data on platforms like Twitter to offer insightful predictions about stock trends. We focus on determining if a tweet has a positive, negative, or neutral effect on two big tech giants Microsoft and Google's stock value. Our findings highlight a positive link between ChatGPT's evaluations and the following days stock results for both tech companies. This research enriches our view on ChatGPT's adaptability and emphasizes the growing importance of AI in shaping financial market forecasts.
Key facts. Cited by 2 papers in the map (data through 7 Oct 2026). Builds on 4 of its 15 references that are in the map. First posted on arXiv 13 Oct 2023.
Builds on
4 of 15 references.
References · 4
- 2017Attention Is All You Needcited by 59,932
- 2023Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Modelscited by 125
- 2023The Wall Street Neophyte: A Zero-Shot Analysis of ChatGPT Over MultiModal Stock Movement Prediction Challengescited by 59
- 2023The impact and applications of ChatGPT: a systematic review of literature reviewscited by 1
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Citing papers per year: 2024: 1; 2025: 1.
2 papers.