Investing in stocks is serious business, often requiring professional advice or thorough research. However, a new trend sees people turning to social media, especially TikTok, for investment tips from ‘finfluencers,’ raising concerns about the reliability of their advice.
What Happened: A report from BestBrokers found that over 64% of the stock predictions made in the 20 most-watched stock-picking videos on TikTok in 2023 turned out to be accurate, including significant rallies in AI stocks like NVIDIA Corp (NASDAQ:NVDA) and Qualcomm Inc. (NASDAQ:QCOM).
“Our findings show that over 64% of the 87 total stock predictions in these videos came out accurate, including the remarkable rallies of AI stocks such as Nvidia and Qualcomm,” the BestBrokers report said.
The report found that most influencers recommended blue-chip stocks like Google‘s parent company Alphabet …
Full story available on Benzinga.com
Investing in stocks is serious business, often requiring professional advice or thorough research. However, a new trend sees people turning to social media, especially TikTok, for investment tips from ‘finfluencers,’ raising concerns about the reliability of their advice.
What Happened: A report from BestBrokers found that over 64% of the stock predictions made in the 20 most-watched stock-picking videos on TikTok in 2023 turned out to be accurate, including significant rallies in AI stocks like NVIDIA Corp (NASDAQ:NVDA) and Qualcomm Inc. (NASDAQ:QCOM).
“Our findings show that over 64% of the 87 total stock predictions in these videos came out accurate, including the remarkable rallies of AI stocks such as Nvidia and Qualcomm,” the BestBrokers report said.
The report found that most influencers recommended blue-chip stocks like Google‘s parent company Alphabet …
Full story available on Benzinga.com
Investing in stocks is serious business, often requiring professional advice or thorough research. However, a new trend sees people turning to social media, especially TikTok, for investment tips from ‘finfluencers,’ raising concerns about the reliability of their advice.
What Happened: A report from BestBrokers found that over 64% of the stock predictions made in the 20 most-watched stock-picking videos on TikTok in 2023 turned out to be accurate, including significant rallies in AI stocks like NVIDIA Corp (NASDAQ:NVDA) and Qualcomm Inc. (NASDAQ:QCOM).
“Our findings show that over 64% of the 87 total stock predictions in these videos came out accurate, including the remarkable rallies of AI stocks such as Nvidia and Qualcomm,” the BestBrokers report said.
The report found that most influencers recommended blue-chip stocks like Google‘s parent company Alphabet …Full story available on Benzinga.com Read MoreAMZN, Equities, Financial Literacy, finfluencers, GOOGL, Kaustubh Bagalkote, News, NVDA, QCOM, Social Media, TikTok, Global, Markets, AMZN, US0231351067, NVDA, US67066G1040, QCOM, US7475251036, GOOGL, US38259P5089, News, Equities, Social Media, Global, Markets, Benzinga Markets
