We recently compiled a list of the Top 9 Trending AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Ecarx Holdings Inc. (NASDAQ:ECX) stands against the other AI stocks.
US tech giants appear unfazed by the success of China’s cheap alternative AI models like DeepSeek as they announced roadmaps to invest billions of dollars this year in AI.
On February 10th, US equity features rose, hinting at a rebound from steep losses on February 7th as markets absorbed Donald Trump’s intentions to impose 25% tariffs on all US steel and aluminum imports.
“Risky assets are getting a bit desensitized to Trump’s tariff announcement,” said Mohit Kumar at Jefferies. “Our view in tariffs remains that they will cause volatility, are a negotiating tool and will eventually be not as bad as feared. However, we do see scope for further volatility over the coming weeks, with Europe likely to be the next target.
The gains in US stock futures could signal several buyers seeking to return to the market after the 1% retreat in the S&P 500 late last week.
Elsewhere, TSMC, the biggest contract chipmaker globally, said today that its Q1 revenue could hover at the lower end of its guidance due to $161 million in losses induced by earthquakes in January. Before DeepSeek’s launch, the company stated that its CapEx could touch $42 billion in 2025 due to AI demand.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 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).
![Wolfspeed, Inc. (NYSE:WOLF) Gains $1.5 Billion in Financing for EV and AI Chip Production; Analysts See Growth Potential](https://imonkey-blog.imgix.net/blog/wp-content/uploads/2023/10/20190852/ECX-insidermonkey-1697843330210.jpg?auto=fortmat&fit=clip&expires=1770768000&width=480&height=269)
A technician in a lab coat soldering chipsets to power the company’s infotainment head units.
Ecarx Holdings Inc. (NASDAQ:ECX)
Number of Hedge Fund Holders: 15
ECARX Holdings Inc. (NASDAQ:ECX) uses AI to develop automotive technology, including software, computing platforms, and system-on-a-chip (SoC) modules to accelerate innovation in software-defined vehicles for safer driving. The company’s AI-powered offerings help in ADAS development, sensing, decision-making, and predictive modeling to assist in the creation of full-stack solutions for EVs.
On February 10th, the company announced an upgrade to its ECARX AutoGPT in-vehicle AI large model application with the integration of the DeepSeek-R1 model for a faster, more secure, and customized user experience. This move expands AutoGPT’s local processing capabilities and elevates its reasoning and decision-making accuracy for automotive-specific application scenarios.
Overall ECX ranks 6th on our list of the AI stocks investors should not miss. While we acknowledge the potential of ECX as an investment, our conviction lies in the belief that 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 ECX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.
Disclosure: None. This article is originally published at Insider Monkey.