The Effect of AI Development on Stock Prices

Project by Polygence alum Twisha

The Effect of AI Development on Stock Prices

Project's result

  1. Published in International Journal of Social Science and Economic Research (IJSSER) Volume: 9, Issue: 10 "October 2024" 2. Published in Research Archive of Rising Scholars (RARS)

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Summary

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.

Andres

Andres

Polygence mentor

PhD Doctor of Philosophy candidate

Subjects

Quantitative, Social Science, Biology

Expertise

Environmental and Natural Resource Economics, Ocean Policy, Public Economics, Tax Policy, Climate Change, Fisheries, Sustainability, Bioeconomics, Conservation Policy

Twisha

Twisha

Student

Graduation Year

2025

Project review

“The entire process was extremely streamlined. I was able to be matched to my mentor very easily. My mentor was very helpful and helped me a lot in completing a project that would be relevant in today's time.”

About my mentor

“If you have Andres as a mentor, you are extremely lucky. He is one of the most supportive, approachable and positive people I know. He always takes into consideration your inputs and has an open mind. He appreciates your ideas and creativity and guides you in the right direction whenever you are stuck.”