We recently compiled a list of the Top 8 Trending AI Stock Updates On Wall Street Today. In this article, we are going to take a look at where Itron Inc. (NASDAQ:ITRI) stands against the other AI stocks.
As the global AI race heats up with rapid developments in Asia, led by China, the UK government is attempting to strengthen its relationship with the US, with AI at the forefront of the transatlantic collaboration. The UK Prime Minister confirmed during a visit to the White House in February that the nations are working on a new economic plan focusing on advanced technologies.
Meanwhile, US Vice President J.D. Vance said on March 18th that freeing AI from regulation is beneficial for American workers and tech innovators.
“I think there’s too much fear that AI will simply replace jobs rather than augmenting so many of the things that we do now,” said Vance at the Andreessen Horowitz American Dynamism Summit in Washington, D.C.
Although he acknowledged that AI could lead to the displacement of jobs, the vice president highlighted that historical evidence shows that innovation helps create higher-paying jobs.
Elsewhere, OpenAI described DeepSeek as state-controlled in a new policy proposal. It urged the US government to consider banning models from the outfit, claiming potential security risks due to its possible connection with the People’s Republic of China (PRC). OpenAI had previously accused DeepSeek of “distilling” knowledge from OpenAI’s models in violation of its terms of service.
“We’re not advocating for restrictions on people using models like DeepSeek. What we’re proposing are changes to U.S. export rules that would allow additional countries to access U.S. compute on the condition that their datacenters don’t rely on PRC technology that present[s] security risks — instead of restricting their access to chips based on the assumption that they will divert technology to the PRC. The goal is more compute and more AI for more countries and more people.”
-said OpenAI spokesperson Liz Bourgeois.
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).
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Itron Inc. (NASDAQ:ITRI)
Number of Hedge Fund Followers: 33
Itron Inc. (NASDAQ:ITRI) builds innovative systems, develops new efficiencies, and offers intelligent infrastructure services for utilities and cities to better manage energy and water resources.
On March 20th, Itron Inc. (NASDAQ:ITRI) announced it is collaborating with Microsoft to improve how utilities access data across their business operations. The partnership will entail the integration of Microsoft’s GenAI Copilot technology into Itron’s Intelligent Edge Operating System in Q2 2025. This will enable utilities to use natural language to request critical data and insights into analytics for electricity, gas, and water distribution devices, as well as distributed energy resources, accelerating decision-making and expediting repetitive tasks efficiently.
“With Gen AI, you don’t need to be a data scientist to generate reports and obtain the insights necessary for efficient operations. IEOS will be able to do this for you – pulling reports and analytics all within a single platform that leverages detailed data at the grid edge. With this collaboration, IEOS will enable utilities and cities to take advantage of the power of generative AI to boost efficiency, unlock creativity and enhance data management. We believe that IEOS will enhance the value and functionality of our solutions and help our customers achieve their goals of energy and water management, sustainability and innovation.”
-said Don Reeves, senior vice president of Outcomes at Itron Inc.
Overall, ITRI ranks 6th on our list of trending AI stock updates on Wall Street today. While we acknowledge the potential of ITRI 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 ITRI 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.
