We recently published a list of Top 8 AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Harmonic Inc. (NASDAQ:HLIT) stands against other top AI news updates investors should not miss.
The global AI industry is growing at a rapid pace but a looming deadline could stall development across the world. The AI diffusion rule, unveiled by Former US President Joe Biden during his last week in Office, restricts the number of AI processors that can be exported to most nations. The rule will be effective on May 15th.
The goal is to ensure that AI development stays concentrated in the US and its close allies. American policymakers want AI data centers and infrastructure built elsewhere to comply with US security standards. If the US government implements the controversial framework, industry experts believe it could disrupt global infrastructure development plans and pose challenges for leading technology companies expanding in foreign markets.
When asked about export controls last week, Nvidia CEO Jensen Huang said that “we should continue to interact with the government,” so that “whatever policy they believe is best, is informed.”
Amid fears of the US taking control of global AI development, senior foreign officials and top tech companies urge the Trump Administration to reassess the semiconductor strategy. They are trying to persuade Trump’s team to ease some regulations before the compliance deadline.
“Left unchanged, the Biden rule will give China a strategic advantage in spreading over time its own AI technology, echoing its rapid ascent in 5G telecommunications a decade ago,” said Microsoft president Brad Smith last month.
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 Q4 2024 database of over 1000 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A video-processing suite with technicians at work, highlighting the company’s production capabilities.
Harmonic Inc. (NASDAQ:HLIT)
Number of Hedge Fund Followers: 27
Harmonic Inc. (NASDAQ:HLIT) offers virtualized broadband and video delivery solutions to help media firms and service providers deliver high-quality video streaming and broadcast services to global consumers. The company’s virtualized broadband solution enables operators to offer gigabit internet services to consumers. Meanwhile, its innovative cloud and software platforms simplify OTT video delivery, paving the way for clients to monetize live and on-demand content efficiently.
On March 25th, Harmonic Inc. (NASDAQ:HLIT) announced the enhancement of the VOS360 SaaS solutions with new AI features for better viewer engagement and monetization. The company said broadcasters and service providers can now explore new monetization opportunities with the AI-enhanced VOS360 Ad SaaS solution, which auto-detects ad breaks and inserts SCTE-35 markers in live content for providers to monetize source content without ad markers. The VOS360 solutions will also offer features like automated subtitles powered by speech-to-text AI, AI-based sports clipping for real-time highlight creation, and automated translation with voice cloning. These innovations will be showcased at the 2025 NAB Show.
“AI has undoubtedly emerged as one of the key transformational forces shaping the future of the video industry — from delivering state-of-the-art viewer experiences to unlocking new ad revenues. Streaming providers and broadcasters need to embrace AI to stay ahead in an evolving industry landscape. The latest AI enhancements to our VOS360 solutions offer a host of benefits and are fully orchestrated within a single, tested and qualified solution, making it easier, faster and more cost-efficient for our customers to embrace innovation.”
-said Orit Kahana, vice president of SaaS product management at Harmonic Inc.
Overall, HLIT ranks 3rd on our list of top AI news updates investors should not miss. While we acknowledge the potential of HLIT 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 time frame. If you are looking for an AI stock that is more promising than HLIT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
