We’ve compiled a list of 15 AI stocks that have been gaining attention recently. In this article, we’ll take a look at how Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE:TSM) stands compared to other AI stocks.
Challenging Google’s dominance in the Internet search market, California-based AI startup Perplexity is considering developing a $50 device that would bring the conversational search capabilities of its platform to the consumer market. I am. The company’s CEO, Aravind Srinivas, recently posted on social networking platform He said he would sell it. Other AI startups have also attempted to create AI-only devices, the most recent being Humane and its AI Pin, but these devices have buggy performance and never gained mass attention.
Visit Goldman Sachs’ 10 Best AI Data Center Stocks and 10 Hottest AI Stocks to read more about these developments.
Perplexity has far more money in the bank to hire the right team for the purpose, so it could succeed where others have failed. The Wall Street Journal, a news publication, recently reported that the company plans to raise more than $500 million in an upcoming funding round, valuing the company at more than $8 billion. The startup’s platform to market currently receives about 15 million queries per day and generates about $50 million in annual revenue, according to the report. Perplexity uses AI to help people search the web in a chatbot-style interface.
Also read: BlackRock’s 30 Most Important AI Stocks and Beyond the Tech Giants: 35 Opportunities for Non-Tech AI.
In this article, we selected AI stocks by examining news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in stocks that hedge funds invest in? The reason is simple. Our research shows that by mimicking the top stock picks of the best hedge funds, you can outperform the market. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, outperforming the benchmark by 150 percentage points (Learn more ).
Close-up of a complex network of integrated circuits used in logic semiconductors.
Number of hedge fund holders: 158
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) manufactures and sells integrated circuits and semiconductors. On November 26, Focus Taiwan, a news platform that closely follows chip development in the region, reported that TSM has begun installing equipment at its 2-nanometer factory in Kaohsiung. According to the report, the installation paves the way for commissioning of the company’s second factory, equipped with cutting-edge technology, in the first half of 2025. TSMC is increasing its 2nm production capacity in Hsinchu in northern Taiwan and Kaohsiung in southern Taiwan.
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