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. ...

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