We recently published a list of 10 AI News You Should Definitely Check Out. In this article, we’ll take a look at where NVIDIA Corporation (NASDAQ:NVDA) stacks up against other AI news you should definitely check out.
President Trump announced a major investment initiative to advance artificial intelligence in the United States, involving a joint venture called Stargate with OpenAI, SoftBank, Oracle and MGX of the United Arab Emirates. An initial commitment of $100 billion, with potential growth of up to $500 billion over four years. The company will focus on building large data centers, starting in Texas, and creating more than 100,000 jobs in the United States. The announcement was made at the White House, attended by Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison.
The launch of the AI initiative sparked public controversy among key technology leaders. Elon Musk criticized OpenAI’s partnership with the project, questioned the financial support of companies like SoftBank and claimed they lacked the necessary funds. OpenAI’s Sam Altman quickly refuted Musk’s claim in an article on X.
ALSO READ: 10 AI news not to be missed And 10 AI News That’s Making Waves on Wall Street.
Additionally, CNBC reported that President Trump announced plans to accelerate the construction of artificial intelligence power plants using an emergency declaration. The plants would be exempt from climate targets and could use any fuel, including coal for backup power. The aim is to quickly meet the growing energy demand of AI data centers, as power consumption is expected to increase significantly. As tech companies focus on renewable energy, natural gas is expected to play a crucial role due to its reliability and faster deployment. Trump emphasized that the plants would be connected directly to data centers, bypassing the traditional power grid.
For this article, we selected AI stocks by reviewing news articles, stock analyses, and press releases. We’ve listed stocks in ascending order of their hedge fund sentiment, taken from the Insider Monkey database of 900 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).
