- AI Investing Pulse
- Posts
- Three AI Stocks that may shape the future of technology
Three AI Stocks that may shape the future of technology
The AI Investing Pulse
Welcome to this week’s AIIP Newsletter —August 8th, 2024
THIS WEEK’S AI STOCKS IDEAS
Nvidia (NVDA), Apple (AAPL), Qualcom (QCOM) - Investor Place
Three AI-focused stocks that may shape the future of technology
Adobe (ADBE) - Yahoo Finance
Adobe is facing challenges despite strong earnings, as its stock has dropped significantly but is it the most undervalued AI stock?
Nvidia (NVDA) - Motley Fool
Why Is Nvidia stock still a buy after its steep sell-off? Just ask Amazon, Google, Microsoft, and Meta.
Amazon (AMZN) - Yahoo Finance
Amazon's stock has 302 Hedge Fund Investors, however it has seen significant fluctuations, with analysts weighing the company’s strong earnings against continued concerns regarding its market growth potential.
THE MARKET
INDEX | TICKER | WEEKLY |
---|---|---|
Nasdaq 100 | QQQ | -7.71% |
S&P 500 | SPY | -5.84% |
TOP AI STOCKS & ETFs
STOCKS & ETF | TICKER | WEEKLY |
---|---|---|
Fortinet | FTNT | 20.49% |
Upstart | UPST | 19.23% |
ROBO Global AI ETF | THNQ | -7.75% |
Global X AI & Tech ETF | AIQ | -8.49% |
AI STOCKS & ETFs NEWS
International stocks beneficiaries of the ‘AI Revolution’ - BofA - MSN
Bank of America highlights that companies outside the US may increasingly benefit from the growing focus on artificial intelligence.
As AI gobbles electricity, is now the time to buy unloved utility stocks - Fortune
AI is the new gold, but you can’t mine it without energy. Tech giants have been gobbling up electricity at the scale of small countries.
Big Tech battles on AI, here’s the winner - Forbes
What is Big Tech’s return on more than $150 billion in capex over the last twelve months and their quest for ROI.
Grayscale introduces a decentralized artificial intelligence-focused crypto fund - Coindesk
Grayscale has launched new cryptocurrency funds focusing on the decentralized AI project Bittensors (TAO) and Layer 1 network SUIS token.
AI STARTUPS
Good luck selling your AI startup - Wired
Even if you do get funding, staff up, get the product off the ground, and start making headway in a crowded field, there’s the specter of Big Tech looming overhead.
Startups see their AI bills shrink as global LLM price war escalates - Economic Times
Indian startups are increasingly capitalizing on the declining costs associated with artificial intelligence technologies.
OpenAI undergoes leadership shake-up- Spiceworks
John Schulman, co-founder of OpenAI, has left the company for rival AI startup Anthropic. Greg Brockman is taking an extended leave, and Peter Deng, a product manager, has also quit the company.
AI TRENDS
AI in agriculture market to reach $14.6 billion, globally, by 2032 - Allied Market Research
The agricultural sector is anticipated to see significant growth in artificial intelligence applications. This expansion is attributed to a compound annual growth rate (CAGR) of 23.2%.
Tech founders and investors confront a wave of AI skepticism - Bloomberg
Tech entrepreneurs and investors are grappling with rising skepticism surrounding artificial intelligence, prompting a reevaluation of their strategies.
Is AI the Next Dot-Com Disaster? - Medium
As more money pours into AI, some people are starting to wonder if it’s all just hype, like the dot-com bubble of the late 1990s.
OTHER
How AI, ML, and NLP are reshaping mobile banking apps and their development - Finsmes
The difference between the mobile banking app development of today and before is immense. These technologies take the functionality and user experience to a whole new level.
Genius Sports launches GeniusIQ to accelerate the AI revolution in global sport - Genius Sports
Genius Sports has unveiled GeniusIQ, an innovative AI platform aims to transform data utilization, driving efficiency and decision-making in global sports organizations.