AI's Growing Influence: Over 7,000 Mentions In Q2 Earnings Calls Boost Stocks
Portfolio Pulse from Natan Ponieman
A report by Wall Street Zen reveals that companies mentioning AI during their earnings calls performed better than those that didn't. Alphabet, Microsoft, and Intel topped the list of companies using the term 'artificial intelligence' the most times during Q2 earnings season. However, while companies performed better immediately after mentioning AI, ETFs covering the AI sector have been in decline in the weeks following the latest earnings round.
September 05, 2023 | 8:18 pm
News sentiment analysis
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NEGATIVE IMPACT
Despite the positive impact of AI mentions on individual stocks, the Global X Robotics and Artificial Intelligence ETF (BOTZ) has been on a downward trend since mid-July.
The downward trend of BOTZ despite the positive impact of AI mentions on individual stocks suggests that the overall AI sector may be facing challenges.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The iShares Robotics and Artificial Intel Mltsctr ETF (IRBO) has been on a downward trend since mid-July.
The downward trend of IRBO suggests that the overall AI sector may be facing challenges.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The ROBO Global Robotics and Automation Index ETF (ROBO) has been on a downward trend since mid-July.
The downward trend of ROBO suggests that the overall AI sector may be facing challenges.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Alphabet's frequent mention of AI in their earnings call may have contributed to a positive short-term stock performance.
Alphabet's frequent mention of AI in their earnings call signals their commitment to this technology, which investors may view positively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intel's frequent mention of AI in their earnings call may have contributed to a positive short-term stock performance.
Intel's frequent mention of AI in their earnings call signals their commitment to this technology, which investors may view positively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft's frequent mention of AI in their earnings call may have contributed to a positive short-term stock performance.
Microsoft's frequent mention of AI in their earnings call signals their commitment to this technology, which investors may view positively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80