Six Of Seven AI Stock Categories Increased This Week

Photo by Steve Johnson on Unsplash

An Introduction

All but one of the 7 artificial intelligence stock categories that I analyze weekly (see below) increased in value this week but two categories  are still down MTD suggesting that the surge in this sector is stalling. 

7 AI Categories Compared

Below is how each category performed last week in comparison to each other, to help you make prudent investment decisions going forward. The categories are presented with data:

  • for this week, in descending order,
  • and MTD to provide a short-term trend in each category
  • along with a description of what makes up each category,
  • the stocks included in each category
  • and commentary on those stocks that made significant moves last week, where available.
  1. Custom Design AI Chip Stocks: up 7.6% this week; up 4.4% MTD
  2. Semiconductor (Chip) Stocks: up 5.2% this week; up 4.5% MTD
  3. Cybersecurity Software Stocks: up 2.0% this week; down 4.4% MTD
  4. AI-enabled Personal Computer Stocks: up 1.9% this week; up 8.5% MTD
    • 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 (+4.2%), MSI, LNVGY and HPQ, (-1.2%)
  5. AI-Powered Drug Discovery Stocks: up 1.8% this week; up 0.4% MTD
  6. Quantum Computing Stocks: up 0.7% this week; up 1.7% MTD
  7. Cloud Computing Stocks: down 1.2% this week; down 4.6% MTD

The AIQ Global X Artificial Intelligence & Technology ETF (AIQ) of 91 constituents, which best reflects the AI sector as a whole, was up 2.6% last week and is up 2.1% MTD.


More By This Author:

AI Stock Surge Stalls: All But One Category Declined Last Week
Cresco Labs Q4 Report Shows Major Improvement In Net Profit
Cannabis LPs Jumped 10% On Freaky Friday; Trading Volume Jumped 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. ...

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

Comments

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