We recently published a list of 15 AI News That Disrupted the Internet This Week. In this article, we’ll take a look at where NVIDIA Corporation (NASDAQ:NVDA) stacks up to other AI news breaking the internet this week.
AI trends are sweeping markets around the world. On November 14, TikTok, the popular social media app owned by Chinese company ByteDance, announced the availability of Symphony Creative Studios, an AI generative video creation platform it developed, for all advertisers. According to a report by news agency Reuters, the launch is part of a larger plan by the Chinese tech giant to boost its advertising business. A press release from the company states that some AI features included in the new platform transform text inputs into videos, generate previews that can be edited to finalize content, remixing, creating digital avatars , as well as translation, etc.
Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.
Meanwhile, Foxconn, the Taiwanese company that is one of the world’s largest electronics contract manufacturers, announced that it expects robust growth in its artificial intelligence server business next year and that it will increase its investments in several countries amid growing trade tensions between the two countries. United States and China. According to a Reuters report, Young Liu, the company’s chairman, said after the quarterly results were released that his company would monitor the policies implemented by Donald Trump as US president. He added that Foxconn factories in Wisconsin and Texas have seen steady sales growth driven by strong demand for AI servers, and the outlook for U.S. operations is positive.
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 close-up of a colorful high-end graphics card plugged into a gaming computer.
Market capitalization: $3.6 trillion
NVIDIA Corporation (NASDAQ: NVDA) provides graphics, computing and networking solutions. On November 14, Susquehanna raised the stock’s price target from $160 to $180 and maintained a positive rating on the stock. The company provided an overview of its quarter and expects better results/guidance as controls around H100/H200 and early Blackwell remain on track. He notes, however, that the new products create some uncertainty regarding margins and the level of dilution.