Please use this identifier to cite or link to this item: https://scholarhub.balamand.edu.lb/handle/uob/7740
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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