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 Mobilicom Limited (NASDAQ:MOB) 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 technician in a laboratory, overseeing cutting edge cybersecurity solutions.
Mobilicom Limited (NASDAQ:MOB)
Number of Hedge Fund Holders: 3
Mobilicom Limited (NASDAQ:MOB) offers field-tested, end-to-end cybersecurity, software, and hardware solutions to power, guide, and secure AI-driven drones, industrial robotics, and related devices in defense markets.
On March 4th, Mobilicom Limited (NASDAQ:MOB) announced a partnership with Aitech Systems, to deliver AI-driven autonomous computing services for aerospace and defense uncrewed aircraft systems (UAS). Aitech Systems specialises in developing rugged computing systems for mission-critical environments. The collaboration will combine Mobilicom Limited’s (NASDAQ:MOB) OS3 cybersecurity platform and Aitech’s Nvidia-based computing system to offer UAS manufacturers next-gen tools to overcome operational and security challenges.
“We believe this partnership is a significant step in advancing mission computing for next-generation uncrewed systemsWe are proud to partner with Aitech, an established and renowned provider of advanced, rugged hardware computing solutions for the aerospace and defense industry. Their solutions are field-proven and embedded within defense and commercial programs and platforms by numerous Tier-1 OEMs worldwide.”
-said Oren Elkayam, CEO of Mobilicom Ltd.
Overall, MOB ranks 6th on our list of trending AI news updates driving US markets. While we acknowledge the potential of MOB 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 MOB 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.