A Comparison Of 9 Artificial Intelligence Category Returns In January
Regular readers of my frequent analyses of the artificial intelligence stock market may sometimes have trouble comparing the 9 AI categories with each other so this article is a synopsis of the performances of each of those categories for the month of January.
The categories are ranked below from best to worst with an overview of each and a link to my latest articles on each of them:
- Best Value AI Stocks: UP 10.0% in January
- Introduction: munKNEE identifies and tracks those AI stocks that still exhibit more room to run in 2024 based on their current excellent Price-to-Earnings (1-year) Growth (PEG) Ratio valuation metrics.
- Number of constituents: 8
- Latest Article: These 8 AI Stocks Still Look Well Valued
- Semiconductor (Chip) Stocks to Watch: UP 9.6% in January
- Introduction: The price of AI chip stocks surged by 64% in 2023, which is significant, but many analysts think there is an excellent chance that the chip boom will continue in 2024 and munKNEE identifies and tracks the stock performances of, and news about, the top performers in 2023.
- Number of Constituents: 13
- Latest Article: Surge Continues: These 13 Semiconductor Stocks Up 81% In 2023
- Cyber Security Software Stocks to Watch: UP 7.5% in January
- Introduction: Given the anticipated 14% increase in spending on cyber security in 2024, munKNEE tracks the performance of, and news about, the largest cyber security software stocks which were UP 106% in 2023, on average, and are expected to realize sizable returns again in 2024.
- Number of Constituents: 10
- Latest Article: Largest Cyber Security Software Stock Prices Exceed Analysts Targets
- Cloud Computing Stocks to Watch: UP 3.5% in January
- Introduction: The cloud computing market will expand at a 17% CAGR between 2022 and 2027 which is an astronomical growth rate that should bode well for the stock performances of the cloud computing companies that munKNEE tracks and provides news about.
- Number of Constituents: 8
- Latest Article: These 8 Cloud Computing Stocks Are Sky High
- Quantum Computing Stocks to Watch: UP 1.3% in January
- Introduction: Research firm McKinsey concedes that, while practical QC is still years away, it will change the world when it arrives and, as such, it is important to keep abreast of changes in the stock prices of, and news about, the major companies involved in its research and development and munKNEE does just that.
- Number of Constituents: 9
- Latest Article: Quantum Computing Hardware Developers Index Up Last Week
- AI-enabled PC Stocks to Watch: UP 1.0% in January
- Introduction: A computing revolution is coming with AI-enabled PCs kicking off a decade of growth in PC upgrades and innovation as a result of the introduction of neural processing units in the latest chip designs. munKNEE tracks the stock performances of, and news about, those companies introducing AI-enabled PCs in 2024.
- Number of Constituents: 4
- Latest Article: These 4 AI-Enabled PCs Beginning Super-Cycle Of Growth & Innovation
- Custom Design AI Chip Stocks to Watch: +/-0% in January
- Introduction: Given the expected 11% CAGR between now and 2028, the building of new chip manufacturing plants and the rapid growth in sales of EVs and their resultant chip usage, the stock prices of electronic design automation (EDA) software companies creating these custom designed chips stocks is set to take off and munKNEE tracks the stock price changes in, and news about, those companies.
- Number of Constituents: 3 (soon to be only 2)
- Latest Article: These 3 Companies Have A Monopoly On Custom Designed AI Chips
- Micro/Small Cap AI Stocks to Watch: DOWN 4.4% in January
- Introduction: Investing in the AI sector should generate fantastic returns over the next decade and there are a number of micro/small cap AI stocks that are less expensive (majority trading for under $5/share), and potentially more explosive (upside potential of becoming a key supplier to one or more of the popular mega/large cap AI companies or being bought out by one of them at a premium price/share) that warrant investors' attention and munKNEE tracks the stock price changes in, and news about, those companies.
- Number of Constituents: 8
- Latest Article: These 8 Micro/Small Cap AI Stocks Are Still In Bubble Mode - Up 19%, On Average, In December
- AI-Focused Drug Discovery Stocks to Watch: DOWN 15.9% in January
- Introduction: With the promise of lower costs and shorter development timelines, AI-enabled drug discovery holds massive potential to increase the accessibility of drugs and to treat presently incurable conditions and munKNEE tracks the performance of, and news about, a number of such companies.
- Number of Constituents: 8
- Latest Article: AI-Focused Drug Discovery Stocks Index Up 26% In December
To complete one's insight into the performances of the AI sector, here is the link to yesterday's article that highlights the performances of 15 large cap AI stocks that appreciated by more than 100% in the past 12 months but were still UP 17.2%, on average, in January - yes, 17.2%! Twelve, were up with only 3 declining.
More By This Author:
January Recap: These 15 Large-Cap Artificial Intelligence Stocks Averaged 17%
Cannabis MSO Stocks Surge: Up 10% Last Week; Up 35% MTD
5 Largest Psychedelic Compound-Based Drug Stocks Up 17% Last Week
Disclosure: None
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