Polygence Scholar2024
Twisha Rawat
Class of 2025Pune, Maharashtra
About
Projects
- "The Effect of AI Development on Stock Prices" with mentor Andres (Aug. 14, 2024)
Project Portfolio
The Effect of AI Development on Stock Prices
Started Mar. 6, 2024
Abstract or project description
The paper will compare stock price movements for companies that develop AI and those that don't. For this purpose, the stock prices of the top 25 companies from the S&P 500 have been selected based on their index weight, after which the companies were classified as AI companies and non-AI companies. Then, the graphs were drawn using the R programming language to compare the stock prices. From this, it was seen that companies that have been classified as AI saw a boost in their stock prices due to AI-related products, mergers, acquisitions, development of generative AI, and dependence on technology during the COVID-19, as compared to the stock prices of non-AI companies.