These 6 AI Category Performances Ranged From +167% To -3.7% In 2023

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If you are a regular reader of my articles you are aware that I track the performances of 6 AI categories on a weekly basis and have just had my 2023 summary articles published on TalkMarkets. If you have not been doing so, below are links to those categories as tracked in munKNEE’s AI indexes. 5 of them were up ranging between 167.0% and 29% over the course of 2023 while one was down almost 4%.

Micro/Small Cap AI Stocks Index: UP 167.0% on average (ranged from +922.2% to +95.3%)

Most investors focus on the mega/large cap AI stocks that often trade for hundreds of dollars per share but there are a number of less expensive, and potentially more explosive, micro/small cap AI stocks that warrant investors’ attention. Most such stocks trade for less than $10/share giving the investor wider exposure to that growth with less money invested.
The Micro/Small Cap AI Stocks Index tracks the stock prices and news of the 8 best performing micro- and small-cap AI stocks.

Cybersecurity Software Stocks Index: UP 80.0% on average (ranged from +156.3% to +21.7%)

Many cyber security systems software companies should continue to do well in 2024 given the momentum they have realized in 2023 and the 14% increase in spending on cyber security anticipated in 2024.
The Cybersecurity Software Stocks Index tracks the stock prices and news of the 10 constituents in the Index.

AI-Capable PC Stocks Index: UP 49.3% on average (ranged from +125.6% to +12.0%)

Research indicates that the AI-enabled personal computers sector is set to rise at a compound annual growth rate of 64% between now and 2027 and make up around 60% of all PCs shipped that year. This should result in a surge in sales creating compelling opportunities in PC stocks.
The AI-Capable PC Stocks Index tracks the stock prices and news of the 6 companies best positioned to take advantage of this up-grade in personal computers.

Pure-Play Cloud Computing Companies Index: UP 28.9% on average (ranged from +93.2% to +0.3%)

The cloud computing (CC) market will expand at a 17% CAGR between 2022 and 2027 which is an astronomical growth rate and should bode well for the performances of CC stocks.
The Pure-Play Cloud Computing Companies Index tracks the stock prices and news of the 8 largest pure-play CC companies.

Quantum Computing Hardware Developers Index: UP 28.8% on average (ranged from +259.4% to +2.3%)

Currently only about 20 companies are working on quantum computer processors and chips, but it is estimated that there will be about 5,000 operational quantum computers by 2030 and, while practical QC is still years away, it will change the world when it arrives.
The Quantum Computing Hardware Developers Index tracks the stock prices and news of the 9 major companies involved in such research and development.

AI-focused Drug Discovery Stocks Index: DOWN 3.7% on average (ranged from +121.4% to -85.8%)

The global “AI in drug discovery” market should grow at a 30% clip from 2023 to 2030. More than 150 small-molecule drugs are currently in discovery with 15 already in clinical trials and that is expected to lead to an additional 50 novel therapies being brought to market over the next decade, with annual sales in excess of $50 billion!
The AI-focused Drug Discovery Stocks Index tracks the stock prices and news of 8 clinical-stage small-cap companies that use AI to facilitate the discovery and development of new drugs.

In addition to the above indices, a summary article on large-cap AI stocks with returns in excess of 100% (ranging from 332.4% to 100.1% with an additional 8 stocks between 90% and 99.9%) can be found here. More By This Author:here
AI-Capable PC Stocks Index
Pure-Play Cloud Computing Companies Index