We recently published a list of 14 AI News and Notes Wall Street Is Watching. In this article, we’ll take a look at where Amazon.com, Inc. (NASDAQ: AMZN) stacks up to other AI news and valuations that Wall Street is watching.
The US government recently announced new restrictions targeting China’s chip industry. According to a report by news platform Al Jazeera, this is the third crackdown on US chip trade with China in three years. The latest measures include restricting exports to 140 companies, including chip equipment maker Naura Technology Group, the report highlights. He added that the new rules also affected Chinese chip tool makers Piotech, ACM Research and SiCarrier Technology. According to the report, new export restrictions are part of the package, which also targets shipments of advanced memory chips and chip tools to China.
Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.
The updated sanctions package includes restrictions on shipments of high-bandwidth memory chips to China. These chips are essential for high-end applications like AI training. The United States has also introduced export restrictions on chipmaking equipment made in countries like Singapore and Malaysia. With these measures, introduced just days before President-elect Donald Trump arrives at the White House, the United States aims to limit China’s access to chips that can help advance artificial intelligence for military applications, or threaten American national security.
ALSO READ: 30 The Most Important 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 analyzes and press releases. These stocks are also popular among hedge funds. Why are we interested in stocks that hedge funds are piling into? The reason is simple: our research has shown that we can outperform the market by imitating the stocks selected by the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
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Number of hedge fund holders: 286
Amazon.com, Inc. (NASDAQ: AMZN) operates as a technology conglomerate with primary interests in the e-commerce industry. On December 2, the company announced that it would launch new data center components designed to support the next generation of artificial intelligence innovation and evolving needs. According to the tech giant, these capabilities cover data center essentials such as power, cooling and hardware design. With these new products, the company aims to create a more energy-efficient data center. The new components offer simplified electrical and mechanical designs for data centers, as well as improved liquid cooling, rack design and control systems.
