In recent market dynamics, artificial intelligence (AI) has emerged as a highly discussed topic. With the surge in interest in this field, an increasing number of S&P500 companies have mentioned "AI" during their second-quarter earnings conference calls.
According to FactSet's document search tool, among all S&P500 companies that held earnings conference calls between June 15 and September 13, a total of 210 companies mentioned "AI" during their meetings.
This figure not only significantly exceeds the average over the past five years (88 companies) but also far surpasses the ten-year average (55 companies). Moreover, it is the second-highest record of S&P500 companies mentioning "AI" since 2014, second only to the 211 companies in the first quarter of 2024.
Among various industries, the information technology sector has shown the highest interest in "AI." In the second-quarter earnings conference calls, 59 companies in the information technology sector mentioned "AI," accounting for 91% of the total companies in this sector. Interestingly, although companies mentioning "AI" had lower average stock performance in the third quarter compared to those that did not, the stock changes of companies mentioning "AI" have been more positive since the beginning of 2023.
Specifically, the average stock change for companies mentioning "AI" since June 30 has been 4.1%, while for companies not mentioning "AI," it was 6.1%. However, from the beginning of the year to now, the stock of companies mentioning "AI" has risen by 12.2%, compared to 8.6% for those not mentioning it.
During the meetings, discussions on artificial intelligence varied among companies. For example, at Meta Platforms, CEO Mark Zuckerberg detailed various applications of AI in company operations during the earnings call on July 31, especially in improving recommendation quality and enhancing user engagement.
He also mentioned the potential of the Meta AI assistant and the importance of AI in advertising and customer communication. These discussions reflect the company's expectations for the future development of AI.
Key Points:
1. 📈 Over 210 S&P500 companies mentioned "AI" during their second-quarter earnings conference calls, setting a high record in the past decade.
2. 💻 The information technology sector has shown the most significant interest in "AI," with 91% of relevant companies mentioning this topic in their earnings reports.
3. 📊 Although companies mentioning "AI" had lower stock performance in the third quarter, the stock changes since the beginning of the year have shown stronger growth.