Artificial intelligence (AI) has continued to spearhead much of the tech industry. Now, new developments within the AI industry are tapping into the stock market, with artificial intelligence programs being used to pick stocks and beat the market.
Sam Masucci, CEO of ETF Managers Group, spoke with CNBC’s Bob Pisani on the ways in which he’s using artificial intelligence to construct his stock portfolios. The AI program narrows down 6,000 stocks to 100 based on which it believes are the best buying opportunities, which is bases on criteria of short-term growth potential and how underpurchased the stock is. Some of Masucci’s top holdings include Alphabet, Texas Instruments, Amazon, and Brown-Forman.
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