We recently published a list of Top 8 AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Nano-X Imaging Ltd. (NASDAQ:NNOX) stands against other top AI news updates investors should not miss.
The global AI industry is growing at a rapid pace but a looming deadline could stall development across the world. The AI diffusion rule, unveiled by Former US President Joe Biden during his last week in Office, restricts the number of AI processors that can be exported to most nations. The rule will be effective on May 15th.
The goal is to ensure that AI development stays concentrated in the US and its close allies. American policymakers want AI data centers and infrastructure built elsewhere to comply with US security standards. If the US government implements the controversial framework, industry experts believe it could disrupt global infrastructure development plans and pose challenges for leading technology companies expanding in foreign markets.
When asked about export controls last week, Nvidia CEO Jensen Huang said that “we should continue to interact with the government,” so that “whatever policy they believe is best, is informed.”
Amid fears of the US taking control of global AI development, senior foreign officials and top tech companies urge the Trump Administration to reassess the semiconductor strategy. They are trying to persuade Trump’s team to ease some regulations before the compliance deadline.
“Left unchanged, the Biden rule will give China a strategic advantage in spreading over time its own AI technology, echoing its rapid ascent in 5G telecommunications a decade ago,” said Microsoft president Brad Smith last month.
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).
A patient in an imaging room, their medical diagnosis in the hands of Nanox’s tomographic imaging.
NANO-X Imaging Ltd. (NASDAQ:NNOX)
Number of Hedge Fund Followers: 7
Nano-X Imaging Ltd. (NASDAQ:NNOX) offers affordable medical imaging technologies powered by AI and a proprietary digital X-ray source. The company provides a multi-source digital tomosynthesis system, a suite of AI algorithms to augment CT imaging readings, and a cloud-based software platform to manage data collected by Nano-X devices.
On March 26th, Nano-X Imaging Ltd. (NASDAQ:NNOX) announced that its deep-learning medical imaging analytics subsidiary, Nanox AI Ltd., will present new data from the AI-enabled Detection of OsteoPorosis for Treatment (ADOPT) study at four upcoming medical conferences between March and June. Kassim Javaid, the lead investigator of the ADOPT study, will present data from the study showcasing the clinical utility of the AI bone solution in assessing bone health and tracking key indicators of osteoporosis. The study results will also focus on the economic benefits AI tools could bring to healthcare. The ADOPT study revealed that AI-enabled Fracture Liaison Services, enhanced with other improvements, lowered patient refracture rates by up to 10%. Nanox AI’s more recent version of the AI bone solution, HealthOST, is FDA-cleared and was developed after the initiation of the ADOPT study. It offers better precision in measuring fractures.
“These conferences provide an important opportunity to share our growing body of evidence supporting the clinical value of AI in transforming bone health assessment. With osteoporosis affecting hundreds of millions worldwide, our AI solution is demonstrating the potential to significantly improve early detection rates and enhance patient care pathways.”
-said Orit Wimpfheimer, chief medical officer of Nano-X Imaging Ltd.
Overall, NNOX ranks 8th on our list of top AI news updates investors should not miss. While we acknowledge the potential of NNOX 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 NNOX 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.
