by We recently released a list of 10 Artificial Intelligence Stocks That Investors Are Tracking Today In this piece, we will examine how HP Inc. (NYSE:HPQ) measures up against other artificial intelligence-focused stocks currently catching investors' attention.
On CNBC’s "Halftime Report," Josh Brown, who serves as both the CEO of Ritholtz Wealth Management and a contributor to CNBC PRO, stated that he thinks the predominant trend currently influencing the stock market is artificial intelligence rather than tariffs.
The key takeaway from the recent earnings report is that AI holds greater significance for the stock market compared to tariffs.
Brown referenced JPMorgan research, pointing out that the phrase "AI" appeared 2.6 times as frequently as the word "tariff" in the latest batch of S&P 500 earnings reports.
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He went as far as saying that these Big Tech firms, which either confirmed their positive outlooks or updated their forecasts positively, acted as lifelines, shielding the stock market from significant upheaval in April.
This is an AI-driven trend. It remains the dominant theme across the whole market. Certainly, various other trends and thriving sectors exist, yet without AI, there’s virtually no possibility that we could have recovered from our deep slump as quickly as we did during this spring, and this recovery owes much to the confirmed guidance.
As indicated, a report from Silicon Valley Bank has shown that venture capital firms concentrating on artificial intelligence are largely responsible for driving the expansion in the startup sector. In contrast, businesses in other sectors find it challenging to secure funding.
Without considering AI investments, the narrative shifts entirely. Companies that aren’t utilizing AI haven’t seen significant growth; their investing activities have remained largely steady over the past year.
To compile the list for this article, we reviewed news articles, conducted stock analyses, and examined press releases to identify AI-focused stocks. Additionally, these stocks have garnered significant interest from hedge funds. The information regarding hedge fund holdings was last updated for the fourth quarter of 2024.
Why do we focus on the stocks that hedge funds amass? It's straightforward: our analysis indicates that mimicking the leading stock choices from premier hedge funds allows us to surpass the market performance. Each quarter, our monthly bulletin recommends 14 small-cap and large-cap equities, achieving a return of 373.4% since May 2014, which significantly outperforms its benchmark by 218 percentage points. see more details here ).
A laptop displaying the company’s stylish notebook computers and workstations.
HP Inc. (NYSE: HPQ )
Number of Hedge Fund holders: 48
HP Inc. (NYSE:HPQ), a leading provider of personal computers and printing technologies, was recently featured prominently during Alphabet Google’s annual I/O event held in Mountain View, California. At the conference, Sundar Pichai, who leads both Google and Alphabet, introduced Google Beam—a revolutionary "AI-driven video communication tool" designed to make virtual interactions appear as natural as face-to-face meetings. This new system represents a collaboration between Google and HP and aims for release sometime this year. Pichai explained how Google Beam converts traditional two-dimensional videos into lifelike three-dimensional representations. The device utilizes an array of six cameras positioned around the user to capture multiple perspectives simultaneously. By leveraging advanced artificial intelligence algorithms, these various camera streams are seamlessly integrated to create highly realistic 3D visualizations of each participant.
The outcome is a far more authentic and profoundly engaging conversational experience.
Overall, HPQ ranks 9th On our current roster of AI stocks that investors are keeping their eye on, although we recognize the investment appeal of HPQ, we feel strongly that certain AI equities present even better prospects for substantial gains with reduced risks. Should you be searching for an AI stock deemed more lucrative than HPQ—one offering up to 100 times the growth—be sure to review our detailed analysis available in our latest report. cheapest AI stock .
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Disclosure: None. This piece was initially published at Insider Monkey .
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