AI's Role in Stock Market Analysis: A Complement, Not a Replacement

Artificial intelligence is making waves across various sectors, but when it comes to stock market analysis, it still has a long way to go before it can fully replace human analysts. This perspective was recently shared by Erlan Abdikarimov, the head of research at Freedom Finance Global.

Abdikarimov pointed out that the intricacies of the stock market are not something that can be entirely entrusted to algorithms. "The market's complexity is such that algorithms alone cannot navigate it," he elaborated. High-quality training data, precise objectives, and ongoing feedback are essential for the effective deployment of AI in this field.

Currently, AI is a helpful tool for analysts, assisting with routine tasks like reviewing earnings reports and summarizing data. However, Abdikarimov warned that entrusting AI with large-scale investment decisions is premature. "Clients expect active involvement from human experts, not just machine outputs," he emphasized.

Looking to the future, Abdikarimov envisages a shift in the analyst's role rather than its eradication. He foresees teams using AI networks to generate and test investment strategies. Despite the potential for automation to reduce the need for junior staff, seasoned professionals will likely remain indispensable in guiding investment decisions.