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An Introduction

This article is a recap of how 7 artificial intelligence stock categories did in February compared to each other to help you  make prudent investment decisions accordingly. 

7 AI Categories Compared

The categories are presented below for February, in descending order, and YTD along with a description of what makes up each category, the stocks included in each and dates and links to the most recent articles on each.

1. Semiconductor (Chip) Stocks: UP 14.6% in February; UP 22.4% YTD
   • 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: ATEYY, AMAT, AMD, ASML, AVGO, ENTG, KLAC, LRCX, MKSI, MPWR, MRVL, MU, NVDA, QCOM and TSM.
   • Latest Article:
     • Semiconductor Stocks Portfolio Up 15% In February; Now Up 22% YTD
2. AI-Powered Drug Discovery Stocks: UP 9.4% in February; DOWN 8.0% YTD
   • 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.
   • 8 Constituents: ABCL, ABSI, BTAI, EXAI, LTRN, RLAY, RXRX and SDGR.
   • Latest Article:
     • AI-Powered Drug Discovery Stocks Portfolio Up 9% In February; Remains Down 8% YTD
3. Cloud Computing Stocks: UP 5.6% in February; UP 9.3% YTD
   • Description:  The cloud computing market is forecast to expand at a 17% CAGR between 2022 and 2027 which should bode well for the stock performances of the cloud computing companies that this portfolio tracks.
   • 8 Constituents: ANET, BOX, DBX, DDOG, DLR, EQIX, PSTG and VRSN.
   • Latest Article:
     • Cloud Computing Stocks Portfolio Up 5.6% In February; Now Up 9.3% YTD
4. Custom Design AI Chip Stocks: UP 5.4% in February; UP 5.4% YTD
   • 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 (soon to be only 2): ANSS, SNPS (which is acquiring ANSS) and CDNS
   • Latest Article:
     • These 3 Custom Chip Design Software Stocks Up 5%, On Average, In February
5. AI-enabled Personal Computer Stocks: UP 5.2% in February; UP 6.2% YTD
   • 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, HPQ, LNVGY and MSI.
   • Latest Article:
     • AI-Enabled Personal Computer Stocks Portfolio Up 5% In February; Now Up 6% YTD
6. Quantum Computing Stocks: UP 3.2% in February; UP 4.5% YTD
   • 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: AMD, BIDU, HON, IBM, INTC, IONQ, MU, QBTS and RGTI
   • Latest Article:
     • 9 Largest Quantum Computing Stocks Up 3% In February; Now Up 4.5% YTD
7. Cybersecurity Software Stocks: UP 2.3% in February; UP 10.0% YTD
   • 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: CHKP, CRWD, CYBR, FTNT, PANW, QLYS, S, TENB, VRNS and ZS.
   • Latest Article:
     • Cybersecurity Software Stocks Portfolio Only Up 2.3% In February; Now Up 10% YTD

In comparison, the AIQ Global X Artificial Intelligence & Technology ETF (AIQ) of 91 constituents best reflects the AI sector as a whole and it was UP 8.4% in February and is now UP 8.8% YTD.

More By This Author:

AI-Enabled Personal Computer Stocks Up 5% In February; Now Up 6% YTD
These 3 Custom Chip Design Software Stocks Up 5%, On Average, In February
9 Largest Quantum Computing Stocks Up 3% In February; Now Up 4.5% YTD