Jay Ritter
Cordell Eminent Scholar Jay Ritter

Opinion: Will ChatGPT and AI save money-losing tech stocks from the short-sellers?

The stock market allows investors to share in the long-run profits generated by well-run businesses. It also allows speculators to buy lottery tickets on startups that may succeed but usually don’t. In 2022, Cordell Eminent Scholar Jay Ritter reported on how IPOs issued between 1975 and 2018 had fared over the subsequent three years: 59% had negative returns, and 37% were down 50% or more.

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