28/11/2021: Scientific research has long heralded artificial intelligence as the next step in humanity’s progression. AI technology is becoming more commonplace throughout all walks of life, and the stock market world is no different. According to research by Florida International University, algorithmic trading has significantly increased in the past decade. Moreover, their research shows that approximately 70 percent of the US stock market’s trading volume occurs through algorithmic trading. These figures represent a paradigm shift. Although some might argue that AI can’t make nuanced decisions like humans, these numbers indicate that AI technology is indeed capable of helping humans make more informed decisions.
Various organizations have tested artificial intelligence’s applicability in the stock market world to varying success. However, as AI technology has continued to evolve, these applications have broadened. Stocks of the Day, an online AI-powered news aggregator, also utilizes artificial technology when it comes to the stock market.
The website collects information about publicly-traded companies by gathering all the articles and press releases available in the public domain. Then, it feeds this information to its AI platform. Stocks of the Day’s artificial intelligence platform utilizes advanced machine learning to assess the news. Once the AI platform finishes its assessment, it performs two functions. First, it categorizes every news based on the topic. Stocks of the Day refer to the topic categories as tags or hashtags. The process makes it easier for traders and subscribers to find pertinent information quickly. In addition, Stock of the Day’s AI platform accesses historical news and market data to deliver accurate predictions about how the market will react to the news in question.
In conversation with us, a company spokesperson shared, “Everyone knows that artificial intelligence is the future. AI can compute far faster than any human being – no matter how brilliant – could hope to do so. However, there have been questions about how AI would react to processing more nuanced information. Considering that market sentiment and investor confidence reign supreme in the stock market world, people had doubts. Many people weren’t sure about AI’s ability to accurately predict stock market trends. However, that’s not the case.”
The spokesperson continued speaking about the company’s AI platform by saying, “We use our AI technology to help traders in two separate ways. Firstly, our AI platform categorizes new developments according to the relevant topic, making it easier for traders to find the relevant information as soon as possible. In addition, our AI platform assesses historical market data and previous news events to make predictions on stocks. Therefore, it becomes easier for our traders to choose the right stocks for profitable trades. According to our subscribers, our AI technology has been an invaluable asset in helping them make better trades. Moreover, it has helped them become more skillful traders.”
In addition to providing stock predictions, Stocks of the Day also provides real-time alerts to subscribers. While traders can benefit from the website’s news ticker, they’ll need to subscribe to get AI bot predictions, real-time stock alerts, and access to over 4,000 daily published articles.
Stocks of the Day is offering a 7-day free trial currently. Visit their website to sign up.