Top 10 AI Stocks to Watch Amid US-China AI War

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1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 136

Uber Technologies, Inc. (NYSE:UBER) is a multinational transportation company that offers ride-hailing services, courier services, food delivery, and freight services. Likewise, the company has been investing in artificial intelligence to enhance the user experience of its applications and technology. Similarly, Needham analyst Bernie McTernan reiterated a Buy rating on the stock with a $90 price target on February 6.

Uber Technologies, Inc. (NYSE:UBER) is increasingly leveraging AI to strengthen its autonomous vehicles and rider safety. Early this year, it inked a strategic partnership with Nvidia to speed up the integration of AI technology into self-driving cars. The ride-sharing giant plans to use the Chip giant’s Cosmos platform and DGX cloud to build strong AI models.

While we acknowledge the potential of Uber Technologies, Inc. (NYSE:UBER) 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 UBER 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 Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article was originally published at Insider Monkey.

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