We recently compiled a list of the Top 9 Trending AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Richtech Robotics Inc. (NASDAQ:RR) stands against the other AI stocks.
US tech giants appear unfazed by the success of China’s cheap alternative AI models like DeepSeek as they announced roadmaps to invest billions of dollars this year in AI.
On February 10th, US equity features rose, hinting at a rebound from steep losses on February 7th as markets absorbed Donald Trump’s intentions to impose 25% tariffs on all US steel and aluminum imports.
“Risky assets are getting a bit desensitized to Trump’s tariff announcement,” said Mohit Kumar at Jefferies. “Our view in tariffs remains that they will cause volatility, are a negotiating tool and will eventually be not as bad as feared. However, we do see scope for further volatility over the coming weeks, with Europe likely to be the next target.
The gains in US stock futures could signal several buyers seeking to return to the market after the 1% retreat in the S&P 500 late last week.
Elsewhere, TSMC, the biggest contract chipmaker globally, said today that its Q1 revenue could hover at the lower end of its guidance due to $161 million in losses induced by earthquakes in January. Before DeepSeek’s launch, the company stated that its CapEx could touch $42 billion in 2025 due to AI demand.
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 900 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).
![10 AI News Dominating Wall Street Today](https://imonkey-blog.imgix.net/blog/wp-content/uploads/2023/12/16113735/POAI-insidermonkey-1702744653859.jpg?auto=fortmat&fit=clip&expires=1770768000&width=480&height=269)
A doctor in a laboratory, overseeing the development of Artificial Intelligence (AI).
Richtech Robotics Inc. (NASDAQ:RR)
Number of Hedge Fund Holders: 1
Richtech Robotics Inc. (NASDAQ:RR) designs, manufactures, and sells AI-powered service robots to drive automation in service industries, including hospitality and healthcare.
On February 10th, Richtech Robotics Inc. (NASDAQ:RR) announced the launch of its new food and beverage brand, Clouffee & Tea, featuring its AI-powered robot barista, ADAM, at Town Square in Las Vegas. ADAM is powered by AI tech from Nvidia, which helps it detect customer presence, engage in conversation, take orders verbally, and prepare beverages.
Overall RR ranks 9th on our list of the AI stocks investors should not miss. While we acknowledge the potential of RR 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 timeframe. If you are looking for an AI stock that is more promising than RR 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.