15 AI News Updates That Investors Are Watching

Page 2 of 15

14. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Number of Hedge Fund Holders: 16

Rocket Lab USA, Inc. (NASDAQ:RKLB) is a space company that provides launch services and space systems solutions for the space and defense industries. It also makes semiconductors used in a variety of tech. The company recently announced that it had finalized a $23.9 million award from the US Department of Commerce to increase its compound semiconductor manufacturing capability and capacity at the company’s Albuquerque facility. The semiconductors produced by Rocket Lab are used in space-grade solar cells and other optoelectronic products that are important components for national security and commercial applications. Opto products use light instead of electricity to perform computations more quickly and with less power than its electronic counterparts use. This is important for AI use cases that require this power and efficiency.

Page 2 of 15