We recently compiled a list of 15 AI Stocks Making Headlines. In this article, we’ll take a look at where QUALCOMM Incorporated (NASDAQ: QCOM) ranks in relation to other AI stocks.
Perplexity, the California AI startup challenging Google’s dominance of the internet search market, plans to develop a $50 device that would bring the conversational search capabilities of the platforms it offers to the consumer market. Aravind Srinivas, CEO of the company, recently posted a post on social media platform X and said that the company would definitely sell such a device if the post got more than 5,000 likes. Other AI startups have also tried to create AI-only devices, the latest example being Humane and their AI Pin, but these devices have failed to gain mainstream attention due to buggy performance.
Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.
Perplexity could succeed where others have failed, as the company has a lot more cash in the bank to hire the right teams for the purpose. News Publication The Wall Street Journal recently reported that the startup plans to raise more than $500 million in an upcoming funding round that would value the company at more than $8 billion. The report claims that the startup-marketed platform currently receives around 15 million requests per day and generates around $50 million in annualized revenue. Perplexity uses AI to help people search the web in a chatbot-style interface.
Learn more about these developments by accessing 30 The Most Important AI Stocks According to BlackRock And Beyond Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock market analyzes and press releases. These stocks are also popular among hedge funds. Why are we interested in stocks that hedge funds are piling into? The reason is simple: our research has shown that we can outperform the market by imitating the stocks selected by the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A technician testing the latest 5G device, demonstrating the company’s commitment to innovation.
Number of hedge fund holders: 74
QUALCOMM Incorporated (NASDAQ: QCOM) develops and sells fundamental technologies for the wireless industry. Latest data from technology research firm Canalys shows that even as AI-enabled PCs gain momentum globally, chipmaker QUALCOMM has failed to impress with its sales figures since entering the market. the AI PC market. Data shows that in the third quarter, Snapdragon one in 125 devices.