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Polygence Scholar2024
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Twisha Rawat

Class of 2025Pune, Maharashtra

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The Effect of AI Development on Stock Prices

Started Mar. 6, 2024

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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.