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Using AI to Explain Stock Moves | What Goes Up
Posted
June 2, 2023
Views
337
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11
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3.26%
June 2, 2023
337
11
3.26%
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28:18Now PlayingArtificial intelligence is all the rage on Wall Street. Some strategists see AI trends driving further gains for stocks as others point to how big banks are beginning to use it to automate some jobs. MarketReader, founded by Jens Nordvig, is leveraging AI to analyze US equity market trends and help predict why a stock might be moving a certain way. He joined the What Goes Up podcast to discuss how he sees AI helping investors digest information at a faster pace.
“What’s happened this year is that actually applying AI has become so much easier than it was six months ago.” Nordvig says. “Our original plan was more focused on structural modeling, traditional fundamental modeling. But we’ve really seen how this actually allows us to do stuff that we just can’t do with traditional models.”
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Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.
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