We recently compiled a list of the 10 AI News Updates You Should Not Miss. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other AI stocks you should not miss.
Latest reports, published by MIT News, suggest that researchers at the Massachusetts Institute of Technology have developed a more efficient algorithm, called Model-Based Transfer Learning (MBTL), to improve AI decision-making in tasks like traffic control, which involves high variability. Reinforcement learning models, commonly used for AI decision-making, often fail when facing minor changes in their training tasks. MBTL strategically selects the most impactful tasks to train on, improving overall performance while reducing training costs.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
For example, controlling traffic in a city involves numerous intersections with varying conditions. Instead of training separate algorithms for each intersection or one generalized algorithm for all, MBTL identifies and trains on a subset of key intersections. It leverages zero-shot transfer learning, allowing trained models to perform well on untrained, similar tasks. Per the report, this technique could revolutionize complex systems, reducing costs and improving AI reliability. The research received funding from NSF, Amazon Robotics, and others.
READ ALSO: 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among 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 technician soldering components for a semiconductor board.
Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 68
Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. The company recently finalized a $7.8 billion grant with the US government under the CHIPS Act. The deal will speed up the development and production of chips at Intel plants in Ohio. Reacting to this development, Steve Stivers, CEO of the Ohio Chamber of Commerce, recently told WOSU Public Media that $1.5 billion of the grant is earmarked for Ohio, and the whole supply chain for the new fab was going to develop in central Ohio.
Overall, INTC ranks 8th on our list of the AI stocks you should not miss. While we acknowledge the potential of INTC 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 INTC 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.
