We recently compiled a list of this weekend’s top 10 AI news updates. In this article, we’ll take a look at how Micron Technology, Inc. (NASDAQ:MU) stands compared to other AI stocks.
According to JPMorgan, one of the reasons S&P will soar to new heights this new year is because of artificial intelligence. In addition to AI, strategist Dubravko Lakos Bujas set a target for the broad market index at 6,500 in 2025, citing economic resilience and the potential for industry deregulation as reasons for the boost.
The United States will continue to be “the world’s growth engine, driven by the prospect of a broader business cycle, a healthy labor market, increased AI-related capital investment, and stronger capital markets and trading activity.”
Read now: 15 AI Stocks to Make Headlines and 15 AI Stocks to Watch: News and Analyst Ratings
Driven by enthusiasm for AI and a resilient economy, U.S. stocks are already enjoying a strong 2024, up 26% since the beginning of the year. Tight labor markets, record wealth and “potentially lower energy prices” are also reasons to celebrate. Lakos Bujas said investors were also happy with Donald Trump’s victory, raising expectations for tax cuts and deregulation across the industry.
“Increased geopolitical uncertainty and evolving policy challenges create unusual complexity in the outlook, but the opportunities are likely to outweigh the risks. Deregulation and a more business-friendly environment The benefits, along with the potential for increased productivity and capital deployment, may be underestimated.
In other news, artificial intelligence is stepping in to keep Thanksgiving alive and ensuring holiday essentials remain plentiful and affordable for years to come.
“Cranberry production is difficult… (and) growers are very concerned about heat stress events.”
Artificial intelligence can help by speeding up the process of identifying heat-resistant varieties of cranberries. Researchers like Dr. Neihart are using AI to save years of work and make crops more resilient in the face of climate change.
In this article, we selected AI stocks based on 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 ).
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