9 Trending AI Stocks on Latest News and Ratings

6. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 57

Verizon Communications Inc. (NYSE:VZ) provides communications and technology services with a focus on AI-driven solutions for both consumer and business markets. The company offers wireless, broadband, and IoT services, leveraging advanced technologies to enhance connectivity, security, and data management for various industries globally.

On December 17, Verizon introduced a new solution in partnership with NVIDIA, integrating Verizon’s 5G private networks and Mobile Edge Compute (MEC) with NVIDIA’s AI Enterprise software and NIM microservices. This collaboration aims to deliver secure, low-latency, and high-bandwidth AI-powered services for enterprise clients.

It is designed to support advanced AI applications like generative AI, computer vision, and AR/VR, the platform is modular and scalable, allowing tailored solutions for various industries. Demonstrations will begin in early 2025, with Verizon highlighting its leadership in private MEC and the transformative potential of AI for businesses. Senior Vice President of Technology and Product Development at Verizon, Srini Kalapala said:

“We’re leveraging our network’s unique strengths including private networks and Verizon’s global industry leadership in private MEC, combined with NVIDIA’s AI compute capabilities to enable real-time AI applications that require security, ultra-low latency, and high bandwidth. Our ongoing investment in our network infrastructure means we’re uniquely positioned to deliver these powerful AI services at scale, driving the digital transformation and fueling the future growth of businesses worldwide.”