We recently compiled a list of 14 AI News That Disrupted the Internet This Week. In this article, we’ll take a look at where Analog Devices, Inc. (NASDAQ: ADI) stacks up against the other AI stocks that broke the internet this week.
The World Trade Organization (WTO) recently released a report examining how artificial intelligence could shape the future of international trade. The report projects that global real trade growth could increase by almost 14 percentage points by 2040 under optimistic scenarios of universal adoption of AI, but by only 7 percentage points in the case of universal adoption uneven. Digitally delivered services could grow by 18 percentage points in a best-case scenario. Although high-income economies may gain the most productivity, low-income economies are able to reduce trade costs more effectively, he says.
Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.
However, the report also warns of growing divisions in AI, data governance challenges and intellectual property issues. It calls for global coordination through the WTO to address these risks and ensure that AI promotes inclusive and fair trade. Based on the conclusions drawn from the report, the WTO highlights that AI has the potential to reduce trade costs, reshape trade in services, increase trade in AI-related goods and services and redefine comparative advantages between economies.
Learn more about these developments by accessing 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).
A technician working on energy management in a semiconductor factory.
Number of hedge fund holders: 63
Analog Devices, Inc. (NASDAQ: ADI) designs, manufactures, tests and markets integrated circuits (ICs), software and subsystems. The company offers high-performance solutions integrating analog, digital and memory in a small format. This helps businesses across various sectors, including the industrial sector, where AI is fueling extraordinary demand for high-bandwidth memory and high-performance computing solutions. On November 27, Bank of America analyst Vivek Arya raised the stock’s price target from $245 to $250 and maintained a buy rating on the shares after fourth-quarter results were slightly better than expected due to strong automotive and consumer spending in China and the first quarter sales outlook was in line. with consensus, down 4% quarter over quarter.