We recently published a list of Top 11 AI News and Ratings You Probably Missed. In this article, we are going to take a look at where Extreme Networks, Inc. (NASDAQ:EXTR) stands against other top AI news and ratings you probably missed.
AI is rapidly evolving, with lower costs making it more accessible and shifting attention from infrastructure to real-world applications. As companies explore new ways to integrate AI, open-source models are gaining momentum, challenging proprietary systems. This shift is reshaping investment strategies and raising questions about the future of AI development and adoption.
The Future of AI Development and Market Trends
Big Technology’s Alex Kantrowitz and Alger’s Dan Chung joined CNBC Closing Bell to discuss AI’s growing power demand, investment trends, and changing perceptions around the technology. Kantrowitz highlighted that AI development is becoming more affordable as it is shifting the focus from infrastructure to practical applications. Companies integrating AI into their products stand to gain the most, while infrastructure-based businesses face uncertainty as models become more accessible. He emphasized the need for real-world applications to sustain AI’s momentum.
Chung shared an optimistic view and noted that lower costs could drive wider AI adoption. He acknowledged the need for further validation of DeepSeek’s claims but recognized its potential to reshape AI development. The conversation also explored the rise of open-source AI, which is challenging proprietary models by promoting collective advancements. While there is some skepticism remaining over DeepSeek’s reported costs, its results suggest a significant shift in AI’s evolution.
AI is evolving quickly, with advancements making it cheaper to develop and more accessible through open-source models. While early discussions centered on infrastructure and cloud computing, the focus is now shifting to real-world applications. Investors and tech leaders are watching closely to see if these breakthroughs will lead to meaningful innovation or if the excitement is outpacing reality. The next phase of AI will depend on how well companies turn these technologies into practical, widely used solutions.
For this article, 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).
A customer service person helping a client with a complex network issue, illustrating the customer support of the communication equipment company.
Extreme Networks, Inc. (NASDAQ:EXTR)
Number of Hedge Fund Holders: 29
Extreme Networks, Inc. (NASDAQ:EXTR) provides software-driven networking solutions, including cloud management, wireless, and SD-WAN for various industries.
On January 29, Extreme Networks (NASDAQ:EXTR) reported its third consecutive quarter of revenue growth, showing a recovering enterprise networking market. CEO Ed Meyercord credited the company’s success to its differentiated cloud networking platform and enterprise campus fabric solution, along with evolving competitive dynamics. The company introduced Extreme Platform ONE in December, an integrated networking and security platform with AI-driven automation to streamline IT operations. The firm said that early previews with partners and customers received strong positive feedback, with many emphasizing the substantial time savings their teams could achieve through AI integration and expert support.
Extreme Networks reported FQ2 non-GAAP EPS of $0.21, outperforming estimates by $0.03, and revenue of $279.4 million exceeded the estimates by $1.35 million. For Q3, the company guided its revenue toward the range of $276 million – $284 million and EPS to the range of $0.16 – $0.20.
Overall, EXTR ranks 7th on our list of top AI news and ratings you probably missed. While we acknowledge the potential of EXTR 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 EXTR 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.
