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Title: | The impact of artificial intelligence on the us stock market | Authors: | Iskandar, Dia Abdo, Roger |
Advisors: | Assaf, Ata | Keywords: | technology, stocks, AI, market, event study, impact. | Subjects: | University of Balamand--Dissertations Dissertations, Academic |
Issue Date: | 2024 | Publisher: | [Kalhat, Lebanon] : [University of Balamand], 2024 | Abstract: | This paper focuses on the US technology stocks reaction to the launch of ChatGPT that took place on November 30th, 2022. This announcement sparked a hype where everyone wanted to use the new technology. As a result, technology companies started to offer AI services and also, to add the new technology to their products. The new technology needs new chips, which also affected the chipmakers in the market. Using the event study methodology, we determine the effect of this referendum on multiple of US technology stocks and S&P500 as a market proxy. Our findings confirm the most significant positive impact on the US technology stocks on the same day of the referendum (on November 30th), while this impact was not anticipated by investors |
Description: | Includes bibliographical references (p. 65-69) |
URI: | https://scholarhub.balamand.edu.lb/handle/uob/7740 | Rights: | This object is protected by copyright, and is made available here for research and educational purposes. Permission to reuse, publish, or reproduce the object beyond the personal and educational use exceptions must be obtained from the copyright holder | Type: | Project |
Appears in Collections: | UOB Theses and Projects |
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