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.
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9. 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.
8. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)
Number of Hedge Fund Holders: 3
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) uses AI and its proprietary variable platform architecture to design, manufacture, and market “TechLuxury” electric vehicles. The company also develops autonomous driving and intelligence systems within its intelligent mobility ecosystem.
On February 10th, Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) announced that FF China will ship two FX 6 prototype mules, which will be branded as “FX 6 Series” models, to its Los Angeles headquarters this month. The move implies a step further in the FX brand’s plan to bring affordable mass-market AIEVs to the marketplace. The prototype shipment is also the official beginning of the development and testing phase for this model in the US.
7. Bit Digital Inc (NASDAQ:BTBT)
Number of Hedge Fund Holders: 6
Bit Digital Inc. (NASDAQ:BTBT) offers a global platform for digital asset production, such as Bitcoin mining, as well as high-performance computing (HPC) infrastructure, while prioritizing sustainable energy sources. The company’s Bit Digital AI segment offers cloud infrastructure services for GenAI workstreams tailored to clients’ requirements.
On February 10th, Bit Digital Inc. (NASDAQ:BTBT) announced it secured a colocation contract with a top AI hardware innovator. The company will provide the client with 5 MW of built-to-suit data center infrastructure for five years through its HPC business, WhiteFiber, which includes cloud services and its data center platform, Enovum Data Centers. The agreement is expected to formally commence in mid-2025 and be fulfilled at a data center within Enovum’s proprietary development pipeline.
