We recently compiled a list of the 10 AI Stocks Making Waves on Wall Street. In this article, we are going to take a look at where Airship AI Holdings, Inc. (NASDAQ:AISP) stands against the other AI stocks.
The United States’ lead in artificial intelligence technology has become questionable after the release of DeepSeek’s AI models. As a direct consequence, the US Commerce Department is now looking into whether the Chinese company used US chips that were not allowed to be shipped to China in the first place. Last week, DeepSeek’s AI model and its free assistant, which the company claimed used less data and power than US models, wreaked havoc in the tech world and resulted in a massive broad market sell-off.
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Investors began questioning the sustainability of the huge investments in AI made by leading tech giants and the significant power demand from power-hungry data centers. DeepSeek’s emergence led to worries that cost-effective AI solutions would erode market share and US tech companies’ profitability. Consequently, a rout sparked that wiped around $1 trillion off U.S. technology stocks.
DeepSeek has claimed that its chatbot performs on par or better than Microsoft-backed OpenAI at a fraction of the cost. However, a report published by NewsGuard has revealed that the chatbot achieved only 17% accuracy in delivering news and information. It further revealed that it repeated false claims 30% of the time and gave vague or useless answers 53% of the time in response to news-related prompts, raising doubts about the claims it initially made.
While clarity on these models is yet to be achieved, the current restrictions on companies such as Nvidia have been in place to stop the most sophisticated chips from reaching China and restrict the country from taking the lead in AI. According to a source reported by Reuters, however, organized AI chip smuggling to China has been tracked out of a few countries, including Malaysia, Singapore, and the United Arab Emirates.
In this regard, Singapore’s trade ministry noted that there is no reason to believe that DeepSeek obtained any export-controlled products from the country. It further noted that it has always upheld the rule of law and acted decisively against those who disobey the rules.
“We expect U.S. companies to comply with U.S. export controls and our domestic legislation. Our customs and law enforcement agencies will continue to work closely with their U.S. counterparts.”
– Singapore’s Trade Ministry
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A scientist at a computer station, surrounded by a neural network of artificial intelligence code.
Airship AI Holdings, Inc. (NASDAQ:AISP)
Number of Hedge Fund Holders: 9
Airship AI Holdings, Inc. (NASDAQ:AISP) is a technology company that provides an AI-driven video, sensor, and data management surveillance platform in the US. On January 31, the company announced that it had been awarded a seven-figure, additional one-year system maintenance and sustainment contract with a Fortune 100 company. Airship AI will maintain and enhance the company’s security systems using its AI-powered Acropolis Enterprise Video and Data Management platform. Specifically established for law enforcement, military, and commercial enterprise organizations, the Acropolis platform provides public safety and operational efficiency by offering predictive analysis of events before they occur and vital intelligence to decision-makers. Customers can manage their devices and sensors across the digital ecosystem, leveraging AI to optimize operational efficiency and enhance real-time decision-making capabilities.
“Our follow-on expansion contract with this flagship customer is a testament to the Acropolis eco-system’s ability to enhance physical security at the scale needed for the large-scale operations of the world’s largest corporations. This allows the customer to continue to federate and manage global logistical operations from a single security operations center. The seven-figure contract includes ongoing health monitoring, technical and engineering support, and software maintenance, demonstrating the ability to provide revenue from a mix of professional services in addition to our traditional software and hardware offerings. With employee safety and operational efficiency a key mission for this global Fortune 100 company, we look forward to further developing our suite of AI driven offerings to create additional efficiencies and continual improvements to operational effectiveness”.
-Paul Allen, President of Airship AI.
Overall AISP ranks 9th on our list of the AI stocks that are making waves on Wall Street. While we acknowledge the potential of AISP 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 AISP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
