Top 10 AI Stocks News: Latest Analyst Ratings And Upgrades

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1. GE Vernova Inc. (NYSE:GEV

Number of Hedge Fund Holders: 89

GE Vernova Inc. (NYSE:GEV) is an energy equipment manufacturing firm that offers products and services essential for the generation, transmission, and storage of electricity worldwide. The company is rapidly transitioning to AI with the launch of its ML-powered Autonomous Inspection computer vision software to automate manual inspection and ensure complete oversight of industry assets. The company also announced the AI-powered SmartSignal predictive analytics solution to help maintenance engineers identify potential equipment failures. Recently, GE Vernova (NYSE:GEV) was chosen by the US Department of Energy to build an AI Assistant for safe handling, permitting, and training for hydrogen deployment.

On January 24th, Argus analyst John Eade hiked GE Vernova Inc.’s (NYSE:GEV) price target to $500 from $330 while maintaining a “Buy” rating following its Q4 results. The brokerage mentioned that GE Vernova Inc. (NYSE:GEV) is a well-run, financially robust company that is positioned to capitalize on megatrends such as energy transition, global electrification, and global decarbonization. Although its recent profit record has been spotty, analysts foresee a turnaround on a promising near-term growth outlook.

While we acknowledge the potential of GE Vernova Inc. (NYSE:GEV) 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 GEV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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