5 Of 7 AI Categories Rose, Slightly, Over Past Week

Photo by Steve Johnson on Unsplash

An Introduction

The 7 AI categories tracked by munKNEE.com went up marginally (1.0%, on average) the second week of May after having gone down 0.4% the previous week. 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 5% or more during the week (click on stock symbol for details), and commentary on those stocks that made significant moves this week, where available.

  1. AI-enabled Personal Computer Category: up 3.9% the second week of May
    • 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: DELLLNVGYMSI, and HPQ
      • up 5% or more: None
      • down 5% or more: None
  2. Custom Design EDA Software Category: up 3.0% the second week of May
    • 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 5% or more: None
      • down 5% or more: None
  3. Semiconductor (Chip) Category: up 2.3% the second week of May
  4. Quantum Computing Category: up 1.3% the second week of May
  5. Cybersecurity Software Category: up 0.06% the second week of May
  6. Cloud Computing SaaS Category: down 0.07% the second week of May
    • 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 5% or more: None
      • down 5% or more: SHOP (-20.8%)
    • Latest news, commentary and/or analysis:
  7. AI-Powered Drug Discovery Category: down 3.8% the second week of May


The 57 constituents (54 when the 3 duplicates are removed) in the 7 categories above went up 1.0%, on average, this week.

More By This Author:

TerrAscend Reports 64% Reduction In Net Loss In Q1 Financial Report
Curaleaf Reports 16% Reduction In Net Loss In Q1 Financial Report
Trulieve Cannabis Q1 Financial Results Impressive: Revenue Loss Reduced 30%; Adj. EBITDA Up 20%

Disclosure: None

This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.