We just published a list of 10 Trending AI Stocks on Current News and Ratings. In this section, we’ll look at how QUALCOMM Incorporated (NASDAQ: QCOM ) stacks up against other AI stocks based on recent news and ratings.
Recent reports indicate that the United Kingdom is opening a Laboratory for AI Security Research (LASR) to strengthen national security and cyber defense in response to emerging threats in the AI race. Backed by an initial £8.22 million in government funding, LASR will bring together industry, academia, and government experts to explore the impact of AI on security. The program complements the UK’s expanded cybersecurity strategy, including the upcoming Cyber Security and Resilience Bill and the designation of data centers as critical infrastructure.
Read more about these events and find out 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
The laboratory will adopt a catalyst model to attract additional funding and cooperation. The announcement follows growing international concern about state actors developing AI for nefarious purposes, such as North Korea’s use of AI for cyberattacks. In addition, the UK government has also unveiled a £1 million response to cyber defense skills, highlighting the potential of both AA as a security threat and a tool for good.
Read more about these events and find out 30 The Most Valuable AI Stocks According to BlackRock and Beyond Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock reviews, and press releases. These stocks are also popular among hedge funds. Why do we like the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by following the best pictures of the best quality hedge funds. Our quarterly strategy picks 14 small-cap and large-cap stocks each and has returned 275% since May 2014, beating its benchmark by 150% (see more here).
An expert tests the latest 5G device, showing the company’s commitment to innovation.
Number of Hedge Fund Holders: 74
QUALCOMM Incorporated (NASDAQ: QCOM) develops and markets innovative technologies for the wireless industry. QUALCOMM’s AI-enabled chips are now making their way into cars and IoT devices, after powering smartphones around the world. Taiwan-based media firm DigiTimes recently reported that Xiaomi, the Chinese electronics manufacturer that completed the design of a 3nm chip earlier this year, plans to release a new chip sometime next year. The new chip could underpin the AI-enabled phones coming from the firm, challenging QUALCOMM’s dominance in the segment.