Market Dynamics and Investment Trends in the U.S. Technology Space - focus on AI investments
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Abstract
The growing popularity and acknowledgment of artificial intelligent (AI) have led to a substantial increase in both interest and investment in this domain. However, the conversation regarding the impact of AI on the value of companies is frequently disregarded in USA. This study evaluated 120 announcements from 62 publicly traded companies that have made investments in artificial intelligent (AI) and found that the companies' market worth is adversely impacted by AI investment of USA from 2018 to 2022. The stock prices of the corporations decreased by 1.89% on the day of the announcement. Non-manufacturing initiatives and firms with poor information technology capabilities or low credit ratings suffer more severe consequences compared to other firms. Most companies are viewed unfavorably by investors when they make AI investment announcements. Subsequently, this study examined the variables that impact the shareholders' reactions to the implementation of artificial intelligence. This study offers significant empirical data on the market worth of artificial intelligent (AI), making it a helpful point of reference for companies contemplating investments in this domain.
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