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 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.