In this week’s Bespoke Report, we take a deep dive into AI following the two-year anniversary of the release of OpenAI’s ChatGPT AI chatbot. To read this week’s Bespoke Report newsletter and access everything else Bespoke’s research platform offers, start a two-week trial to Bespoke Premium.
As you can see in the chart below, bitcoin’s move up towards $100k leaves the cryptocurrency up 1,219% over the last five years:
We looked at stocks in the Russell 3,000 to see how many have done even better than bitcoin over the last five years. Of the stocks in the index with market caps of more than $5 billion, there are exactly ten.
Below is a list of the ten along with an AI-generated one-sentence description of what the company does. As you’ll see, the 2nd and 3rd best performers are bitcoin-related stocks, and they’re both up more than 2,000% versus bitcoin’s gain of 1,219%.
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The “Bespoke 50” is a basket of noteworthy growth stocks in the Russell 3,000. To make the list, a stock must have strong earnings growth prospects along with an attractive price chart based on Bespoke’s analysis. There were 8 changes to the list this week.
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The Bespoke 50 performance chart shown does not represent actual investment results. The Bespoke 50 is updated monthly on Thursdays unless otherwise noted. Performance is based on equally weighting each of the 50 stocks (2% each) and is calculated using each stock’s opening price as of Friday morning after publication. Entry prices and exit prices used for stocks that are added or removed from the Bespoke 50 are based on Friday’s opening price. Any potential commissions, brokerage fees, or dividends are not included in the Bespoke 50 performance calculation, but the performance shown is net of a hypothetical annual advisory fee of 0.85%. Performance tracking for the Bespoke 50 and the Russell 3,000 total return index begins on March 5th, 2012 when the Bespoke 50 was first published. Past performance is not a guarantee of future results. The Bespoke 50 is meant to be an idea generator for investors and not a recommendation to buy or sell any specific securities. It is not personalized advice because it in no way takes into account an investor’s individual needs. As always, investors should conduct their own research when buying or selling individual securities. Click here to read our full disclosure on hypothetical performance tracking. Bespoke representatives or wealth management clients may have positions in securities discussed or mentioned in its published content.