# Potential of ChatGPT in predicting stock market trends based on Twitter Sentiment Analysis

arXiv: https://arxiv.org/abs/2311.06273 · HTML: https://mlsanity.com/paper/2311.06273/

## Key facts

- Cited by 2 papers in the map (data through 14 Oct 2026).
- Builds on 4 of its 15 references that are in the map.
- First posted on arXiv 13 Oct 2023.

## Builds on (most cited first, 4 of 4)

- [Attention Is All You Need](https://mlsanity.com/paper/1706.03762/) (2017)
- [Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Models](https://mlsanity.com/paper/2304.07619/) (2023)
- [The Wall Street Neophyte: A Zero-Shot Analysis of ChatGPT Over MultiModal Stock Movement Prediction Challenges](https://mlsanity.com/paper/2304.05351/) (2023)
- [The impact and applications of ChatGPT: a systematic review of literature reviews](https://mlsanity.com/paper/2305.18086/) (2023)

## Built on by (most cited first, 2 of 2)

- [A Survey of Large Language Models for Financial Applications: Progress, Prospects and Challenges](https://mlsanity.com/paper/2406.11903/) (2024)
- [Reasoning or Overthinking: Evaluating Large Language Models on Financial Sentiment Analysis](https://mlsanity.com/paper/2506.04574/) (2025)

## 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.