We recently published a list of 10 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Aurora Innovation, Inc. (NASDAQ:AUR) stands against other AI stocks on latest news and ratings.
Elon Musk recently sparked skepticism in the AI community by claiming that companies funding the Stargate initiative lack the funds to do so. The Stargate initiative is a $500 billion artificial intelligence project recently announced by President Donald Trump. The project aims to build new AI data centers in the US.
Three prominent figures in the initiative are SoftBank CEO Masayoshi Son who will handle the financing, CEO Sam Altman of OpenAI who will be contributing his overall AI expertise, and Oracle executive chairman Larry Ellison who will oversee the buildout. All three joined President Trump on January 21 when he made the Stargate announcement.
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Musk has claimed that this initiative doesn’t have the necessary funding in place, which in turn sparked a dispute between him and Sam Altman. Altman has refuted Musk’s claim, asserting that the funding is in place and that the work has already started. Larry Ellison, in particular, has noted that 10 data centers, each 500,000 square feet, are already under construction in Abilene, Texas, and that 10 more are in the pipeline.
Musk is currently leading Trump’s new government efficiency advisory board, DOGE. He also shares a tense relationship with Altman and is engaged in an ongoing lawsuit with OpenAI. In response to Musk’s claims, Trump answered questions from reporters at the White House, dismissing the criticism. Trump was asked if Musk’s criticism of the deal was a bother to him.
“It doesn’t. He hates one of the people in the deal,” Trump said of Musk. “People in the deal are very, very smart people. But, Elon, one of the people he happens to hate. I have certain hatreds of people, too”.
-President Donald Trump, as reported on Reuters.
Regarding the claims regarding the insufficient funding, Trump said that he doesn’t know but he hopes that they do.
“I don’t know if they do, but you know, they’re putting up the money. The government’s not putting up anything, they’re putting up money. They’re very rich people, so I hope they do”.
A Trump adviser also wondered whether the public dispute may imply an end for Trump and Musk.
“The end may be in sight,” the adviser said.
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.
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A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle.
Aurora Innovation, Inc. (NASDAQ:AUR)
Number of Hedge Fund Holders: 22
Aurora Innovation, Inc. (NASDAQ:AUR) is a self-driving technology company. On January 27, Business Insider reported that Cantor Fitzgerald analyst Andres Sheppard shared in a research note with investors that Aurora Innovation (NASDAQ:AUR) released its driverless operations report on January 23. According to the report, the company’s Autonomy Readiness Measure has now reached 97% as of October 2024. The Autonomy Readiness Measure tracks progress toward closing their safety case. Aurora (NASDAQ:AUR) claims that it is not going to launch driverless operations until their safety case is closed. Based on this, Cantor Fitzgerald stated that it remains bullish on self-driving trucks and that Aurora is among the best-positioned in the industry.
Overall, AUR ranks 10th on our list of AI stocks on latest news and ratings. While we acknowledge the potential of AUR 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 time frame. If you are looking for an AI stock that is more promising than AUR 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.
