AI Stocks: In Case You Missed These Developments In Artificial Intelligence
Elon Musk grabbed headlines this week on his plans to launch a rival to artificial intelligence startup OpenAI. Meanwhile, for investors homing in on AI stocks, next week shapes up as busy with earnings due from $Microsoft(MSFT)$ , Google-parent Alphabet (GOOGL) and Amazon.com (AMZN).
Tesla (TSLA) founder and Twitter owner Elon Musk continues to call for AI regulation. Musk co-founded OpenAI but left the company in 2018.
Now, Musk has created a new artificial intelligence company called X.AI.
"I'm going to start something which I call 'Truth GPT' or a maximum truth-seeking AI that tries to understand the nature of the universe," Musk said on Fox News.
Artificial intelligence will add to what's on Musk's plate as he runs social media firm Twitter. Tesla stock retreated this week after the electric-vehicle maker posted in-line results amid worries over profit margins.
AI In Earnings News
Meanwhile, management at Microsoft, Google and Amazon will surely be peppered with questions from analysts covering AI stocks on regulation and competition when their earnings reports come out. Microsoft and Google report April 25. Amazon follows on April 27. Microsoft is OpenAI's biggest investor.
Earnings for Apple (AAPL) aren't due until May 4 amid growing questions over its AI strategy. One view is that Apple is far behind in generative AI and chatbot technology.
Also, the biggest news coming from software maker Atlassian's (TEAM) user conference this week was the announcement of "Atlassian Intelligence." It embeds OpenAI and large language model technology as a foundational element across all the company's cloud products. Atlassian earnings are due May 4.
AI Stocks: Data Center Chip Makers
Further, at Bank of America, chip industry analyst Vivek Arya in a report published April 19 weighed in on AI-related upgrades in internet data centers.
"Surging AI workloads in cloud/enterprise data centers could shift more computing horsepower/value towards specialized accelerators (such as Nvidia and custom chips from Broadcom/Marvell) and away from traditional x86-based INTC/AMD server CPUs," Arya said.
Many investors are familiar with Nvidia's AI roadmap. But Broadcom (AVGO) and Marvell Technology (MRVL) have been flying under the radar as potential AI stocks to watch.
source：investors
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
