10 Trending AI Stocks That Analysts Are Monitoring

8. STMicroelectronics NV (NYSE:STM)

Number of Hedge Fund Holders: 18

STMicroelectronics NV (NYSE:STM) is a semiconductor firm that builds communication equipment, computer accessories, microprocessors, and microcontrollers for use in IoT, consumer electronics, and the automotive and industrial industries. Its ST Edge AI suite facilitates using AI on microchips and smart sensors. The company’s proprietary neural processing unit, ST Neural-ART Accelerator, ensures high efficiency in handling AI tasks. Meanwhile, its online STM32 edge AI tool helps developers create and deploy ML algorithms on microcontrollers at reduced costs.

On February 3rd, Baird trimmed STMicroelectronics NV’s (NYSE:STM) target price to $23 from $30 and maintained a “Neutral” rating on the stock. The brokerage highlighted that the downcycle is unfolding, and inventory levels continue to remain high.