We recently published a list of 10 Trending AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other trending AI stocks on latest news and ratings.
Latest reports suggest that the United Kingdom is launching a Laboratory for AI Security Research (LASR) to strengthen national security and cyber defense in response to evolving threats in the AI arms race. Backed by an initial £8.22 million in government funding, LASR will unite industry, academia, and government experts to explore the impact of AI on security. This initiative complements the UK’s broader cybersecurity strategy, including the upcoming Cyber Security and Resilience Bill and the designation of data centers as critical infrastructure.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
The laboratory will adopt a catalytic model to attract further investment and collaboration. The announcement follows heightened global concerns about state actors leveraging AI for malicious purposes, such as North Korea’s use of AI for cyberattacks. Additionally, the UK government has also unveiled a £1 million incident response initiative to bolster allied cyber defense capabilities, highlighting AI’s dual potential as both a security risk and a tool for good.
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).
Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 279
Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. The US-China trade war is intensifying. Following US curbs on export of AI chips to Chinese firms, Microsoft recently alerted authorities in the US about the Salt Typhoon hack, according to a report by news publication The New York Times. The report claims that hackers closely linked to the Chinese government lurked undetected inside the networks of the biggest American telecommunications firms for more than a year and got a nearly complete list of phone numbers the Justice Department monitors in its lawful intercept system. It further adds that officials now believe that the hack has gone beyond phone companies, to internet service providers, potentially allowing the Chinese to read some email.
Overall, MSFT ranks 2nd on our list of trending AI stocks on latest news and ratings. While we acknowledge the potential of MSFT 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 MSFT 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.