20 AI News You Probably Missed

Page 19 of 19

1. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 179 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. Jensen Huang, the CEO of the firm, made a surprise appearance at the recently held T-Mobile Capital Markets Day. Speaking alongside T-Mobile CEO Mike Sievert, Huang claimed that his company had fused signal processing and AI. He predicted that this was going to be a great new growth opportunity for the telecommunications industry. During the chat with Sievert, Huang underlined the importance of AI in shaping the future of telecommunications, particularly highlighting the role of AI-RAN in optimizing and scaling network performance. The NVIDIA Corporation (NASDAQ:NVDA) bigwig said that fusing radio computing and AI computing into one architecture allowed companies to apply AI models to optimize signal quality across diverse environments.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ: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 NVIDIA Corporation (NASDAQ:NVDA) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 19 of 19