8 AI Stocks on Investors’ Radar

5. STMicroelectronics NV (NYSE:STM)

Number of Hedge Fund Holders: 18

STMicroelectronics NV (NYSE:STM) is a semiconductor leader that manufactures and sells microchips and semiconductor products for use in IoT, consumer electronics, and the automotive and industrial sectors. Their proprietary neural processing units and AI suite enable AI on microprocessors, ensure high efficiency in handling AI workflows, and help developers create and deploy ML models on microcontrollers at relatively lower costs.

Today, STMicroelectronics NV (NYSE:STM) and HighTec EDV-Systeme announced they will jointly work to advance automotive functional safety by speeding up the development of safety-critical systems to help make software-defined vehicles safer and affordable. The collaboration will combine ST’s 28nm Stellar microcontrollers and HighTec’s Rust compiler to reduce time-to-market while ensuring strict adherence to automotive safety compliance standards.