20 Trending AI Stocks on Latest News and Analyst Ratings

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1. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 179 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. Latest reports indicate that Sakana AI, an AI startup backed by NVIDIA, has raised more than $210 million in a Series A funding round. The startup had aimed to raise $100 million in funding. The latest round of funding values the startup at more than $1.5 billion, just a year after it first launched. The NVIDIA-backed firm has become popular since it developed a way to automate the integration of multiple foundational models, including large language models, or LLMs, and discovered a way to use LLMs to train LLMs more efficiently.

NVIDIA Corporation (NASDAQ:NVDA) might be allowed to export advanced AI chips to Saudi Arabia as the government of the Middle Eastern country aims to train powerful AI models using these chips. The US government might consider easing export rules around these chips which have been put in place over the past few years in a bid to limit the transfer of sensitive technology to Chinese and Russian entities.

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 but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Michael Burry Is Selling These Stocks and Jim Cramer is Recommending These Stocks.

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