We recently published a list of 15 AI news that investors are paying attention to. In this article, we’ll look at where Intel Corporation (NASDAQ:INTC) stands relative to other AI news that investors are paying attention to.
The United States and China are engaged in a battle for AI supremacy and both countries are doubling down on AI to future-proof their economies. The latest reports from the Reuters news agency suggest that a US Congressional committee has proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as intelligent, or smarter, than humans.
Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.
Meanwhile, financial markets around the world are preparing for NVIDIA’s earnings release. The chipmaker is the poster child for AI revolutions and the company’s quarterly numbers have ramifications for businesses around the world. The company is expected to report results after markets close on November 20. Joshua Meyers, executive director of JPMorgan, said analysts expect the chipmaker to comfortably beat expectations with its results. He also highlighted the importance of the indicative figures and comments from Jensen Huang, the company’s CEO, on future plans.
ALSO READ: 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 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 solders components for a semiconductor board.
Number of hedge fund holders: 68
Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. The latest reports, published by technology website HPC Wire, indicate that the company has revealed the name of a new AI chip that will compete with offerings from major chipmakers. The latest chip is called Jaguar Shores and will be the successor to the Falcon Shores chips. Intel is struggling financially and recently announced it would cut 15,000 jobs to cut costs. It is also evaluating buyout offers from different chipmakers.