The effect of technological advancements in Artificial Intelligence and automation in stock values

Abstract

With Artificial Intelligence (AI) becoming ever more relevant in today’s world, it becomes pertinent to study and understand the relationship between advancements in this field and the stock value of companies that are, in some way or another, invested or investing into it. I discovered that AI advancements influence stock returns, and the most telling sector in which this occurs is the Energy industry. Software and Utilities show a lesser influence from this matter. In the end we conclude that AI advancements are relative but influence Software and Energy the most and tentatively influence Utilities.