Photo by Steve Johnson on Unsplash
An Introduction
The 7 AI categories tracked by munKNEE.com went down 4.3% this week after having gone up each of the last 3 weeks and are now only up 1.3% for the month of May. This article identifies how each category performed, in descending order, along with a description of what makes up each category, the stocks included in each category, those stocks in each category that went up or down by 10% or more in May (click on stock symbol for details), and commentary on those stocks that have made significant moves recently, where available.
- AI-enabled Personal Computer Category: up 9.0% in May (down 2.8% this week)
- Description: A computing revolution is beginning as a result of the introduction of neural processing units in the latest chip designs which will result in a coming decade of growth in PC upgrades and innovation. This portfolio tracks the stock performances of the companies that have introduced, or plan to introduce, AI-enabled PCs in 2024.
- 4 Constituents: DELL, LNVGY, MSI, and HPQ
- up 10% or more: HPQ (+30.4%); LNVGY (+25.5%); Dell (+11.6%)
- down 10% or more: None
- Latest news, commentary and/or analysis:
- These Companies Have Launched – Or Will Be Launching – AI PCs in 2024
- Why Dell Stock Plunged On Friday
- Lenovo issues US$2 billion convertible bonds to Saudi Arabia sovereign fund
- Lenovo and Cisco Announce Strategic Partnership to Simplify Path to AI Innovation
- Why HP Stock Soared and Nearly Hit an All-Time High This Week
- Semiconductor Category: up 7.0% in May (down 2.3% this week)
- Description: The price of AI chip stocks surged by 64% in 2023 and many analysts think there is an excellent chance that the boom will continue in 2024 and this portfolio tracks the stock performances of the major players in this category.
- 15 Constituents: TSM, AVGO, KLAC, MPWR, AMAT, MRVL, QCOM, ENTG, MU, NVDA, LRCX, ASML, MKSI, AMD, and ATEYY
- up 10% or more: NVDA (+25.0%); QCOM (+23.2%)
- down 10% or more: None
- Latest news, commentary and/or analysis:
- Quantum Computing Category: up 2.9% in May (down 1.1% this week)
- Description: Quantum computing is still years away but it will change the world when it arrives and, as such, it is important to keep abreast of the major companies involved in its research and development and this portfolio does just that.
- 9 Constituents: MU, BIDU, HON, IONQ, IBM, AMD, RGTI, INTC, and QBTS
- up 10% or more:
- down 10% or more: RGTI (-16.7%)
- Latest news, commentary and/or analysis:
- Custom Design EDA Software Category: up 0.4% in May (down 4.0% this week)
- Description: The stock prices of electronic design automation (EDA) software companies creating custom designed chips is set to take off given a projected 11% CAGR in the category between now and 2028. This portfolio tracks the stock price changes of 3 companies in this category.
- 3 Constituents: ANSS, SNPS which is acquiring ANSS, and CDNS
- up 10% or more: None
- down 10% or more: None
- Latest news, commentary and/or analysis:
- AI-Powered Drug Discovery Category: down 2.3% in May (down 2.1% this week)
- Description: AI-powered drug discovery holds massive potential to increase the accessibility of drugs and to treat presently incurable conditions and this portfolio highlights the most prominent clinical-stage biopharma tech companies using AI to power their research and development.
- 6 Constituents: SDGR, ABCL, ABSI, RXRX, RLAY, and EXAI
- up 10% or more: EXAI (+31.5%)
- down 10% or more: SDGR (-10.2%)
- Latest news, commentary and/or analysis:
- Cybersecurity Software Category: down 3.5% in May (down 6.3% this week)
- Description: Given the anticipated 14% increase in spending on cyber security in 2024, this portfolio tracks the performance of the largest cyber security software stocks expected to realize sizable returns again in 2024.
- 10 Constituents: PANW, QLYS, VRNS, CRWD, FTNT, TENB, S, CHKP, ZS, and CYBR
- up 10% or more: None
- down 10% or more: QLYS (-17.5%); S (-21.9%)
- Latest news, commentary and/or analysis:
- Cloud Computing SaaS Category: down 9.2% in May (down 7.4% this week)
- Description: Given the dramatic 37.3% CAGR forecast of the AI market between now and 2030, the 18.5% surge in the amount being spent on cloud computing SaaS and the major annual rental rate increases of data centers (18.5% in 2023) expected in the future, should greatly benefit the data center industry.
- 10 Constituents: INTU, SNOW, NOW, CRWD, ADBE, SHOP, WDAY, TEAM, CRM, and ADSK
- up 10% or more: None
- down 10% or more: TEAM (-12.6%); SNOW (-13.9%); CRM (-14.5%); WDAY (-15.8%); SHOP (-17.1%)
- Latest news, commentary and/or analysis:
- Cloud Computing: What Is It? Which Are the Major Companies?
- Insider Sale: President Sells Shares of Atlassian (TEAM)
- Is Atlassian (TEAM) A Risky Investment?
- Down 14% in May: Is Snowflake Still Worth Buying?
- Workday Stock Plunges Amid Soft Subscription Revenue Guidance
- Down 15% In May: Is Salesforce (CRM) a Buy on the Dip?
- 2 Reasons to Buy Shopify Stock Like There's No Tomorrow
Summary
The 57 constituents (54 when the 3 duplicates are removed) in the 7 categories above went down 4.3%, on average, this week and, as such, only went up 1.3% during the month of May.
More By This Author:
Largest Cannabis Stocks Declined 31%, On Average, In May
Cannabis Growth Q4 Financials Unimpressive
What Is Adjusted EBITDA? Here's How The Largest Cannabis Companies Compare
.webp)
Comments
Log in or sign up to join the conversation.