Tag: AI Chips

Ant Group invests in AI development to challenge Baidu, while Cisco launches power-efficient AI chips. Dollar Tree targets $10+ EPS, and GSK approves a vaccine for older adults. Get the latest tech updates and industry news here.

Chinese vendors are making a fortune selling AI chips at twice the price after US sanctions on China. But as Large Language Models continue to advance, ethical concerns such as hallucinations raise serious alarms.

Investors seeking AI stocks should consider Amazon and AMD over Nvidia, which is overvalued. As a market leader, Amazon's cloud service AWS is well-positioned to benefit from the growing demand for AI cloud services. AMD, on the other hand, offers better value and has an extensive portfolio of chips for the AI opportunity with new products to serve the growing demand. Analysts note the better valuation with P/S ratios of 2.5 and 8.6 for Amazon and AMD, respectively.

Investors seeking long-term value in Artificial Intelligence (AI) stocks can find it in well-known names. The report suggests buying Snowflake, Amazon.com, and Advanced Micro Devices for their potential to benefit as AI growth accelerates. These companies are expected to grow due to their roles in data storage, AI demand in AWS division, and being suppliers of AI chips. With multiple ways to benefit from AI, these three names could be worth considering.

Qualcomm's new processors will allow AI models like GPT-4 and DALL-E2 to run on smartphones, reducing costs and increasing accessibility for users.