Following an analysis of existing AI-related exchange-traded funds (ETFs), we reveal the selection criteria for determining which stocks qualify as AI-related are often opaque and rely on vague phrases and subjective judgments. This paper proposes a new, objective, data-driven approach using natural language processing (NLP) techniques to classify AI stocks by analyzing annual 10-K filings from 3,395 NASDAQ-listed firms between 2011 and 2023. This analysis quantifies each company's engagement with AI through binary indicators and weighted AI scores based on the frequency and context of AI-related terms. Using these metrics, we construct four AI stock indices-the Equally Weighted AI Index (AII), the Size-Weighted AI Index (SAII), and two Time-Discounted AI Indices (TAII05 and TAII5X)-offering different perspectives on AI investment. We validate our methodology through an event study on the launch of OpenAI's ChatGPT, demonstrating that companies with higher AI engagement saw significantly greater positive abnormal returns, with analyses supporting the predictive power of our AI measures. Our indices perform on par with or surpass 14 existing AI-themed ETFs and the Nasdaq Composite Index in risk-return profiles, market responsiveness, and overall performance, achieving higher average daily returns and risk-adjusted metrics without increased volatility. These results suggest our NLP-based approach offers a reliable, market-responsive, and cost-effective alternative to existing AI-related ETF products. Our innovative methodology can also guide investors, asset managers, and policymakers in using corporate data to construct other thematic portfolios, contributing to a more transparent, data-driven, and competitive approach.

Click Here to See if you Qualify. AI, automation, and robotics have created an exciting age of disruptive innovation. Companies worldwide invest in AI products and services to stay ahead of their competition. Therefore, investing in AI stocks is a great way to profit from this growth sector; AI stocks combine the excitement and promise of AI with the potential for sustainable returns. With AI-based technologies becoming more ubiquitous daily, AI stocks offer investors a chance to gain exposure to companies with AI and automation at their core.

With AI beginning to transform just about everything, the potential $1.8 trillion AI boom could mint a few millionaires. Even analysts at Bank of America are excited, noting that AI stocks are on the brink of an "iPhone moment" and could boost the global economy by $15.7 trillion in seven years. "We are at a defining moment – like the internet in the '90s – where Artificial Intelligence (AI) is moving towards mass adoption, with large language models like ChatGPT finally enabling us to fully capitalize on the data revolution," the firm told Business Insider. "It took ChatGPT just 5 days to reach 1 million users, 1 billion cumulative visits in 3 months, and an adoption rate which is 3x Tik Tok and 10x Instagram's," they added. "The technology is developing exponentially."

Artificial Intelligence, or AI, is one of the fastest-growing industries today, with a projected market size of over $300 billion by 2025. As more and more companies embrace AI to drive growth and innovation, investors are looking to capitalize on this trend by investing in AI stocks. In this blog post, we will take a closer look at the top 10 AI stocks to buy in 2023. Google's parent company, Alphabet, is a leader in AI technology. The company has invested heavily in AI, with its Google Brain project and DeepMind acquisition.

Artificial intelligence (AI) has undoubtedly changed many aspects of our lives, from how we work, meet people, discover information and even the careers we choose. The rate of change in society spurred through the developments in AI will almost certainly accelerate as it becomes more accessible to companies and to the general public. Its usefulness and level of "intelligence" directly correlate to the processing power of computer processors. What does this mean for you as an investor? AI is the leading supercycle in the technology sector and will have a profound impact on society.

Artificial intelligence (AI) is a rapidly advancing technology, and thanks to companies like C3.ai (NYSE: AI), it's gradually becoming accessible to all businesses in all industries. The company is blazing a trail in a brand-new sector it calls enterprise AI, where it sells ready-made and customizable AI applications to customers wanting to supercharge their operations. Estimates suggest that by 2030, up to 70% of all organizations will be implementing AI in one way or another, adding $13 trillion in output to the global economy. It's a sizable opportunity for a company like C3.ai, and it already has a leadership position in the industry. The largest technology companies in the world have established partnerships with C3.ai, including Amazon, Microsoft, and Google parent Alphabet, validating the quality of what the company is building.

It has since been updated to include the most relevant information available.] Alan Turing, the genius who cracked the Enigma code and helped end World War II, has just introduced a novel concept. It's called the "Turing Test," and it's aimed at answering the fundamental question: Can machines think? Machines -- think for themselves? This research is conducted in the world's most prestigious labs by some of the world's smartest people.

It has since been updated to include the most relevant information available.] Alan Turing, the genius who cracked the Enigma code and helped end World War II, has just introduced a novel concept. It's called the "Turing Test," and it's aimed at answering the fundamental question: Can machines think? Machines -- think for themselves? This research is conducted in the world's most prestigious labs by some of the world's smartest people.

The rise of artificial intelligence, automation, and robots is disrupting virtually every major industry and business. Top AI companies' stocks are rarer than you might think. Many companies tout AI technology initiatives and machine learning. But there really are few Top AI companies, if any, public, pure-play artificial intelligence stocks. However, every company in today's world is somehow involved in dealing with AI.

Sophisticated entrepreneurs and parents are in the early stages of mass market growth. The Artificial Intelligence (AI) software market is expected to grow 21% this year, while the overall AI market is expected to grow at a CAGR of 40% by 2028. Investors will be hard pressed to find another market with the expected strength. The key players in this market are Nvidia (NVDA-2.10%) and IBM (IBM 0.10%), both of which are moving towards enabling more efficient and automated lifestyles with potential for improvement and life-saving potential. Both can provide the resources needed to build your long-term portfolio.