13 AI News You Probably Missed

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1. NVIDIA Corporation (NASDAQ:NVDA

Market Capitalization: $3.6 Trillion 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. On November 12, Redburn Atlantic initiated coverage of the stock with a Buy rating and $178 price target. In an investor note, the advisory underlined that accelerated computing was further helping to lower the cost of compute as Moore’s law and Dennard scaling slowed. The artificial intelligence coding capabilities developed in the first wave of AI would enable the second wave of accelerated compute by facilitating the update of the foundational software used in general-purpose compute, the advisory told investors in the research note.

While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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