---
title: Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Models
url: https://www.ml-quant.com/papers/ssrn/4412788/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4412788
source_url: http://dx.doi.org/10.2139/ssrn.4412788
featured: 2023-07-05
citations: 403
topic: LLMs & Text
---


# Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Models

ChatGPT predicts stock market returns using sentiment analysis, outperforming traditional methods.

- Source: http://dx.doi.org/10.2139/ssrn.4412788
- Identifier: SSRN 4412788
- Released: 2023-04-15
- First featured: Quant Letter No. 6 (2023-07-05): https://www.ml-quant.com/issues/2023-07-05/
- Citations (Semantic Scholar): 403
- Published in: not yet
- Topic: LLMs & Text

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