We recently published a list of 15 AI News Updates Investors Are Watching. In this article, we’ll take a look at where Amazon.com, Inc. (NASDAQ:AMZN) ranks in relation to other AI stocks.
The chip war between the United States and China is in full swing. After reports that the United States was considering further restricting the export of advanced AI chips to Chinese companies, Beijing responded by saying it would take necessary steps to protect Chinese companies if the United States steps up their flea control measures. According to a report from the Reuters news agency, when asked about reports that the United States planned to add 200 Chinese companies to a trade blacklist, a Chinese government spokesperson said that China strongly opposed to the United States’ expansion of the concept of national security and the abuse of control. measures targeting Chinese companies.
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He Yadong, a spokesperson for the Ministry of Commerce, said these actions seriously disrupt the international economic and trade order, destabilize global industrial security, and harm cooperative efforts between China and the United States, as well as the global semiconductor industry, according to Reuters. If the United States insists on intensifying control measures, China will take necessary measures to resolutely protect the legitimate rights of Chinese companies, he added. The report adds that the United States fears that China will use chips to strengthen its military capabilities.
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 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).
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Amazon.com, Inc. (NASDAQ: AMZN) operates as a technology conglomerate with primary interests in the e-commerce industry. On November 27, news platform The Information reported that Amazon was developing a new AI model called Olympus for video analytics. According to the report, the AI tool would be able to help search for specific scenes in video archives. This model is distinct from the multimodal model for images and videos that Anthropic, an AI startup backed by Amazon, has already launched, the report adds, noting that Amazon could launch the model as soon as next week during a technical conference that she organizes.