We recently published a list of 9 Trending AI News Updates Driving US Markets. In this article, we are going to take a look at where Kyndryl Holdings, Inc. (NYSE:KD) stands against other trending AI news updates driving US markets.
As the global AI race heats up, the Trump Administration’s downsizing of federal agencies poses a risk to AI development in the US. His cost-cutting measures are already impacting AI research efforts. Yesterday, a key federal AI research agency witnessed layoffs and faced potential budget cuts. Several US National Science Foundation employees, with expertise in AI, were terminated, threatening the agency’s ability to sustain AI research.
The government’s latest move also affected the Directorate for Technology, Innovation, and Partnerships within the National Science Foundation. The department played a key role in funneling government grants related to AI. Industry experts heavily criticized the downsizing.
Meanwhile, Chinese buyers are circumventing US export curbs to acquire the latest AI chips from top US manufacturers, exacerbating Trump’s challenges in cutting off the transfer of American technology to China. Washington imposed export controls in 2022 to curb China’s access to semiconductors for training AI models, but underground brokers are still managing to bypass the controls.
“China will help bridge the technological divide and prevent technological innovation from becoming a game for the rich countries and the wealthy,” said Chinese politician and computer scientist, Lou Qinjian, at the start of the annual National People’s Congress.
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 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 group of engineers in a data center, ensuring IT resiliency.
Kyndryl Holdings, Inc. (NYSE:KD)
Number of Hedge Fund Holders: 41
Kyndryl Holdings, Inc. (NYSE:KD) is a leading IT infrastructure services provider for global enterprise clients. It is known for developing, designing, and managing mission-critical information systems.
On March 4th, Kyndryl Holdings, Inc.’s (NYSE:KD) philanthropic arm, Kyndryl Foundation announced that 12 nonprofits from 11 countries were awarded its second-year grants, which is expected to elevate the lives of 55,000 over the next two years through cybersecurity and AI skills developments alongside job placement initiatives.
“As the largest IT infrastructure services provider, we are committed to addressing the critical shortage of cybersecurity and AI professionals. We are proud to offer second-year funding to our grantees and look forward to the positive impact that can be achieved through our continued and expanded work together to drive innovation and build a new generation of skilled professionals.”
-said Una Pulizzi, President of the Kyndryl Foundation.
Overall, KD ranks 2nd on our list of trending AI news updates driving US markets. While we acknowledge the potential of KD 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 KD 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.
