Retail investors
nearing retirement age are increasingly investing in artificial intelligence
(AI) stocks since the launch of ChatGPT, according to recent data from the
eToro platform. The social trading giant reveals that the number of investors
aged 55 and over investing in AI stocks has grown significantly faster than any
other age group.
eToro Records 60%
Increase in AI Stock Investments by Over-55s
Following
ChatGPT's release in late November 2022, eToro, a social trading and investment
platform, experienced a surge in AI stock trading activity among older
investors. In the first quarter of 2023, investors over-55s exhibited an increase of 60% in
new positions opened in AI stocks compared to the last quarter of 2022.
Comparatively, the 18-34 age group saw a rise of 41%, while the 35-44 age group
experienced an increase of 54%.
C3.ai
(NYSE:AI), an enterprise AI software provider, witnessed the most significant
growth in new positions opened by the over-55 age group, with a remarkable increase of 22,000%. This growth rate is approximately three times higher than
that seen among other age groups. Other AI stocks that attracted substantial
interest from mature investors include Intel (NASDAQ: INYC), with 93% growth in
new positions, NVIDIA (NASDAQ: NVDA), with 91% growth, and SentinelOne (NYSE: S)
with 84% growth.
Addressing
the data, Ben Laidler, Global Markets Strategist at eToro, stated that while it
is commonly assumed that younger, tech-savvy individuals are the primary
adopters of AI, the data indicates that ChatGPT has attracted interest across
all age groups, with a significant number of older investors participating.
"eToro
users nearing or already in retirement are now embracing AI-related stocks at a
faster rate than their younger counterparts and by doing so bucking many
tech-adoption stereotypes. It's a reminder that technology is a key driver and
opportunity for all," Laidler added.
Company | Growth
in newly opened positions Q4 vs Q1 for global users aged over 55 | Growth
in newly opened positions Q4 vs Q1 for global users aged 18-34 |
Any of
the stocks below | 60% | 41% |
C3.ai | 21,900% | 7,800% |
NVIDIA | 91% | 29% |
Microsoft | 26% | 32% |
Palantir Technologies Inc. | 21% | 10% |
Alphabet | 13% | 30% |
Intel | 93% | 37% |
Alphabet Inc Class A | -17% | 19% |
SentinelOne Inc. | 84% | -8% |
Upstart Holdings Inc | 43% | 11% |
Advanced Micro Devices Inc | 23% | -6% |
Source:
eToro
Retail Investor Beat by
eToro Shows Rising Interest in AI
eToro's
Retail Investor Beat, a global survey of 10,000 retail investors across 13
countries, provides further evidence of the new AI trend. About 17% of
respondents aged 55 and over plan to raise their investments in sectors that
benefit from AI, with only 5% planning to reduce allocations in such sectors.
Additionally, nearly half (46%) of this demographic would prefer AI or machine
learning to manage their portfolios over human fund managers.
"As
well as being increasingly investable, AI has the potential to play a central
role in retail investor strategy. By enabling them to analyze vast amounts of
data, generate new investment ideas, and overcome human biases, AI has the
potential to tilt the scales more toward retail investors in the future,"
eToro's Global Markets Strategist concluded.
The data on
growth in newly opened positions on the eToro platform was collected on 4 April
2023 and was conducted by research company Opinium which encompassed 10,000
retail investors across 13 countries and three continents.
AI Enters the World of
Retail Trading
Following
the tremendous success of ChatGPT, the market is witnessing a growing number of
tools utilizing artificial intelligence across various sectors of the economy.
Although retail trading
Retail Trading
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade
Read this Term is still in its infancy when it comes to this
technology, several brands have begun exploring its potential.
Among these
is Tiger Brokers, the trading brand of UP Fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term Holding Limited, a leading
online brokerage firm catering to Chinese investors. The company has introduced
an alternative to the artificial intelligence chatbot ChatGPT, named TigerGPT.
As stated in the firm's press release published last Wednesday, TigerGPT is the
first AI trading assistant to be released in the industry.
🤖We're super excited to introduce TigerGPT, the industry’s first-ever AI investment assistant!
User testing is now live here, enjoy! We’d also love to have your feedback！
Try now 👉👉👉 https://t.co/H4DWy58TaM pic.twitter.com/UdBVSfQu6u
— Tiger Brokers Singapore (@TigerBrokers_SG) April 11, 2023
Tiger
Brokers has capitalized on OpenAI's advanced artificial intelligence
capabilities to develop TigerGPT. The investment assistant uses the broker's
comprehensive content library and premium source access to deliver quick,
informative responses to users. This includes information on listed companies'
profiles, financial knowledge, investor education materials, and market and
stock insights. By addressing investment-related questions in easily
understandable conversations, TigerGPT saves users time and enhances efficiency
in pre-investment research.
eToro is
also committed to continuous development, as demonstrated by its recent
collaboration with Twitter, which aims to become a financial super app under
the leadership of Elon Musk.
Since last week, users have had the option to buy and
sell stocks and other assets directly through eToro on the social media
platform.
Retail investors
nearing retirement age are increasingly investing in artificial intelligence
(AI) stocks since the launch of ChatGPT, according to recent data from the
eToro platform. The social trading giant reveals that the number of investors
aged 55 and over investing in AI stocks has grown significantly faster than any
other age group.
eToro Records 60%
Increase in AI Stock Investments by Over-55s
Following
ChatGPT's release in late November 2022, eToro, a social trading and investment
platform, experienced a surge in AI stock trading activity among older
investors. In the first quarter of 2023, investors over-55s exhibited an increase of 60% in
new positions opened in AI stocks compared to the last quarter of 2022.
Comparatively, the 18-34 age group saw a rise of 41%, while the 35-44 age group
experienced an increase of 54%.
C3.ai
(NYSE:AI), an enterprise AI software provider, witnessed the most significant
growth in new positions opened by the over-55 age group, with a remarkable increase of 22,000%. This growth rate is approximately three times higher than
that seen among other age groups. Other AI stocks that attracted substantial
interest from mature investors include Intel (NASDAQ: INYC), with 93% growth in
new positions, NVIDIA (NASDAQ: NVDA), with 91% growth, and SentinelOne (NYSE: S)
with 84% growth.
Addressing
the data, Ben Laidler, Global Markets Strategist at eToro, stated that while it
is commonly assumed that younger, tech-savvy individuals are the primary
adopters of AI, the data indicates that ChatGPT has attracted interest across
all age groups, with a significant number of older investors participating.
"eToro
users nearing or already in retirement are now embracing AI-related stocks at a
faster rate than their younger counterparts and by doing so bucking many
tech-adoption stereotypes. It's a reminder that technology is a key driver and
opportunity for all," Laidler added.
Company | Growth
in newly opened positions Q4 vs Q1 for global users aged over 55 | Growth
in newly opened positions Q4 vs Q1 for global users aged 18-34 |
Any of
the stocks below | 60% | 41% |
C3.ai | 21,900% | 7,800% |
NVIDIA | 91% | 29% |
Microsoft | 26% | 32% |
Palantir Technologies Inc. | 21% | 10% |
Alphabet | 13% | 30% |
Intel | 93% | 37% |
Alphabet Inc Class A | -17% | 19% |
SentinelOne Inc. | 84% | -8% |
Upstart Holdings Inc | 43% | 11% |
Advanced Micro Devices Inc | 23% | -6% |
Source:
eToro
Retail Investor Beat by
eToro Shows Rising Interest in AI
eToro's
Retail Investor Beat, a global survey of 10,000 retail investors across 13
countries, provides further evidence of the new AI trend. About 17% of
respondents aged 55 and over plan to raise their investments in sectors that
benefit from AI, with only 5% planning to reduce allocations in such sectors.
Additionally, nearly half (46%) of this demographic would prefer AI or machine
learning to manage their portfolios over human fund managers.
"As
well as being increasingly investable, AI has the potential to play a central
role in retail investor strategy. By enabling them to analyze vast amounts of
data, generate new investment ideas, and overcome human biases, AI has the
potential to tilt the scales more toward retail investors in the future,"
eToro's Global Markets Strategist concluded.
The data on
growth in newly opened positions on the eToro platform was collected on 4 April
2023 and was conducted by research company Opinium which encompassed 10,000
retail investors across 13 countries and three continents.
AI Enters the World of
Retail Trading
Following
the tremendous success of ChatGPT, the market is witnessing a growing number of
tools utilizing artificial intelligence across various sectors of the economy.
Although retail trading
Retail Trading
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade
Read this Term is still in its infancy when it comes to this
technology, several brands have begun exploring its potential.
Among these
is Tiger Brokers, the trading brand of UP Fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term Holding Limited, a leading
online brokerage firm catering to Chinese investors. The company has introduced
an alternative to the artificial intelligence chatbot ChatGPT, named TigerGPT.
As stated in the firm's press release published last Wednesday, TigerGPT is the
first AI trading assistant to be released in the industry.
🤖We're super excited to introduce TigerGPT, the industry’s first-ever AI investment assistant!
User testing is now live here, enjoy! We’d also love to have your feedback！
Try now 👉👉👉 https://t.co/H4DWy58TaM pic.twitter.com/UdBVSfQu6u
— Tiger Brokers Singapore (@TigerBrokers_SG) April 11, 2023
Tiger
Brokers has capitalized on OpenAI's advanced artificial intelligence
capabilities to develop TigerGPT. The investment assistant uses the broker's
comprehensive content library and premium source access to deliver quick,
informative responses to users. This includes information on listed companies'
profiles, financial knowledge, investor education materials, and market and
stock insights. By addressing investment-related questions in easily
understandable conversations, TigerGPT saves users time and enhances efficiency
in pre-investment research.
eToro is
also committed to continuous development, as demonstrated by its recent
collaboration with Twitter, which aims to become a financial super app under
the leadership of Elon Musk.
Since last week, users have had the option to buy and
sell stocks and other assets directly through eToro on the social media
platform.
