Beyond the Tech Giants: 35 Non-Tech AI Opportunities

19. The New York Times Company (NYSE:NYT)

Number of Hedge Fund Holders: 38 

The New York Times Company (NYSE:NYT) creates, collects, and distributes news and information worldwide. The company is using AI tools in several domains, including content recommendation, automation in journalism, content moderation, data analysis, ad targeting, and archival and tagging purposes. Media firms are increasingly looking towards AI to complete their digital transformations. The New York Times has partnered with AI startups in this regard to provide content for their large language models. These models will use NYT information to answer queries made by users.

The New York Times Company (NYSE:NYT) continues to be viewed in a bullish manner on Wall Street. Citi recently raised the price target on the stock to $63 from $57 and kept a Buy rating, noting that the advisory was updating its model prior to Q3 results. The advisory added that as the company had recently deployed more of its free cash towards dividends and buybacks, investors had shifted towards free cash flow as a better barometer for valuation.