The AI Investing Pulse

October 17th, 2024

Investors should look beyond Nvidia - MSN

Goldman Sachs highlights new stocks poised to benefit from the next wave of capital flowing into the AI sector. Investors should look beyond the obvious choices like Nvidia and AI infrastructure firms, focusing instead on a select group of platforms expected to drive direct AI applications.

WEEKLY AI STOCK IDEAS

• Broadcom (AVGO) - TheStreet

  Analyst lifts Broadcom stock price target to $220 from $190.

• Tesla (TSLA), Meta (META) - The Motley Fool

  Two stocks Cathie Wood (ARK Invest) is betting on.

• Bigbear.AI (BBAI) - Barchart

  AI penny stock up 30% this month.

TOP AI STOCKS

TOP AI ETFs

AI STOCKS & ETFs NEWS 

• Chip stocks fall as ASML's weak outlook raises concerns - Reuters

  Chip stocks experience a decline following a revised forecast from ASML, while concerns grow over potential U.S. export restrictions on AI semiconductor technology.

• This ETF is a backdoor AI play - VettaFi

  Nuclear could power the AI boom. While some questions still need answers, the overall trajectory appears positive. The VanEck Uranium and Nuclear ETF (NLR) is up 27% over the past year.

• Seven nuclear reactors to power Google’s AI ambitions - Digitaltrends

  Google announced on Tuesday that it has signed a deal with nuclear energy startup Kairos Power to purchase 500 megawatts of “new 24/7 carbon-free power”.

• Apple (AAPL) stock breaks $3.6 trillion market cap barrier as AI features excite investors - Moneycheck 

  Apple has achieved a significant milestone by surpassing a $3.6 trillion market capitalisation, driven mainly by optimism surrounding AI powered devices and analyst expectations of strong future growth.

AI STARTUPS

• Cerebras reveals revenue surge in US IPO filing - Reuters

  Cerebras Systems has officially submitted its registration for an initial public offering, aiming to capitalise on the growing demand for AI processing power, as it aims to challenge Nvidia.

• QuEra secures investment from Google Quantum AI to accelerate neutral atom tech- HPCwire

  QuEra’s quantum solutions are being developed for use cases in verticals such as materials, chemicals, life sciences/pharma, government, financial services, and other compute-intensive industries.

• The new wave of startups racing to secure the AI Stack - Menlo Ventures

  The evolving landscape of security risks associated with AI and GenAI technologies is driving innovation and attracting new startups.

AI TRENDS

• Top generative AI trends that will define 2025 - Simplilearn

  The landscape of Generative AI is rapidly evolving, showcasing innovative applications across various industries. Key trends highlight the increasing integration of AI in creative processes and advancements in model capabilities.

• The future of AI: what to expect in the next 5 years - TechTarget

  AI is poised for significant advancements in the next five years, with emerging trends likely to reshape industries and enhance decision-making processes.

• Key funding trends in AI driven startups - Analytics Insight

  The global AI market is expected to reach a compound annual growth rate (CAGR) of 37.3% by 2030.

OTHER

• Can AI pick stocks? 5 AI investing apps to try - US News

  The potential of AI in stock selection is being explored as technology evolves, raising questions about its effectiveness versus human judgment.

• The geopolitics of AI - Bernard Marr

  The geopolitical landscape is being significantly reshaped by advancements in AI. Nations are competing not only for technological supremacy but also for strategic advantages in security and economic influence.

• How GenAI is shaping the future of creativity in marketing - BCG

  The rise of generative AI is set to transform marketing by enhancing creativity and personalisation. As technology continues to evolve, marketers must adapt to leverage these new tools effectively.