CINXE.COM

<?xml version="1.0" encoding="UTF-8"?> <rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Insider Monkey - Free Hedge Fund and Insider Trading DataInsider Monkey – Free Hedge Fund and Insider Trading Data – Free Hedge Fund and Insider Trading Data, Hedge Fund News, Financial Commentaries - News Feed</title> <atom:link href="https://www.insidermonkey.com/blog/google-news-feed/" rel="self" type="application/rss+xml" /> <link>https://www.insidermonkey.com/blog</link> <description>Free Hedge Fund and Insider Trading Data, Hedge Fund News, Financial Commentaries</description> <lastBuildDate>Wed, 27 Nov 2024 21:36:05 +0000</lastBuildDate> <language>en-us</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>https://wordpress.org/?v=5.8</generator> <item> <title>SoftBank Considers $1.5B Investment in Microsoft Corporation (MSFT)-Backed OpenAI Through Tender Offer</title> <link>https://www.insidermonkey.com/blog/softbank-considers-1-5b-investment-in-microsoft-corporation-msft-backed-openai-through-tender-offer-1399002/</link> <pubDate>Wed, 27 Nov 2024 21:29:00 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1399002</guid> <description><![CDATA[We recently compiled a list of the 15 AI News You Should Not Ignore. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/">15 AI News You Should Not Ignore</a>. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1195716" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/19152304/MSFT-insidermonkey-1695151382226.jpg" alt="" width="1456" height="816" /> A development team working together to create the next version of Windows. <h3 style="text-align: justify;">Microsoft Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/microsoft%20corp/789019/">MSFT</a>)</h3> Number of Hedge Fund Holders: 279 Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. On November 27, news platform CNBC reported that Japanese multinational Softbank was mulling a $1.5 billion investment in Microsoft-backed OpenAI through a new tender offer. Per the report, OpenAI employees will have the option of cashing out of their shares worth around $1.5 billion in a tender offer to SoftBank. The report further highlights that employees at the startup have till December 24 to decide on participating in the tender offer. Softbank recently invested $500 million in a $6 billion funding round for the AI startup that valued OpenAI at over $157 billion. Overall MSFT ranks 2nd on our list of the AI stocks that you should not ignore. While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MSFT but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/softbank-considers-1-5b-investment-in-microsoft-corporation-msft-backed-openai-through-tender-offer-1399002/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>NVIDIA Corporation (NVDA) Eyes AI Memory Chip Certification as Samsung Reshuffles Leadership Amid AI Chip Struggles</title> <link>https://www.insidermonkey.com/blog/nvidia-corporation-nvda-eyes-ai-memory-chip-certification-as-samsung-reshuffles-leadership-amid-ai-chip-struggles-1398991/</link> <pubDate>Wed, 27 Nov 2024 21:23:33 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398991</guid> <description><![CDATA[We recently compiled a list of the 15 AI News You Should Not Ignore. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/">15 AI News You Should Not Ignore</a>. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1195723" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/19153615/NVDA-insidermonkey-1695152172066.jpg" alt="" width="1456" height="816" /> A close-up of a colorful high-end graphics card being plugged in to a gaming computer. <h3 style="text-align: justify;">NVIDIA Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/nvidia%20corp/1045810/">NVDA</a>) </h3> Number of Hedge Fund Holders: 193 NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. Merely a few hours after Jenser Huang, the CEO of the firm, said that the chipmaker was working to certify the AI memory chips of Samsung, the South Korean electronics giant has announced that it would be replacing the heads of its memory and foundry semiconductor businesses. Samsung has struggled to keep pace with other chip firms in the race to develop AI chips in recent months, as rival Apple leaps ahead in the domain. Overall NVDA ranks 4th on our list of the AI stocks that you should not ignore. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/nvidia-corporation-nvda-eyes-ai-memory-chip-certification-as-samsung-reshuffles-leadership-amid-ai-chip-struggles-1398991/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>CrowdStrike Holdings, Inc. (CRWD): Oppenheimer Raises Price Target to $410 After Strong Q3 Performance</title> <link>https://www.insidermonkey.com/blog/crowdstrike-holdings-inc-crwd-oppenheimer-raises-price-target-to-410-after-strong-q3-performance-1398976/</link> <pubDate>Wed, 27 Nov 2024 21:14:21 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398976</guid> <description><![CDATA[We recently compiled a list of the 15 AI News You Should Not Ignore. In this article, we are going to take a look at where CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/">15 AI News You Should Not Ignore</a>. In this article, we are going to take a look at where CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1196303" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/21075131/CRWD-insidermonkey-1695297088792.jpg" alt="Best Video Surveillance and Private Security Stocks to Buy" width="1456" height="816" /> Security personnel at their consoles, monitoring a global network of threats in real-time. <h3 style="text-align: justify;">CrowdStrike Holdings, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/crowdstrike%20holdings%20inc/1535527/">CRWD</a>)</h3> Number of Hedge Fund Holders: 74 CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. The firm is harnessing artificial intelligence to streamline and strengthen cyber protection. On November 27, Oppenheimer raised the price target on the stock to $410 from $365 and kept an Outperform rating on the shares. The advisory notes CrowdStrike reported a strong Q3, beating top-/bottom-line estimates, while maintaining strong gross retention and module adoption following the 7/19 outage. Oppenheimer expects the stock to remain range-bound until investors gain greater clarity around ARR comments. Overall CRWD ranks 7th on our list of the AI stocks that you should not ignore. While we acknowledge the potential of CRWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CRWD but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/crowdstrike-holdings-inc-crwd-oppenheimer-raises-price-target-to-410-after-strong-q3-performance-1398976/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Intel Corporation (INTC): Ohio Plant Secures $1.5B from CHIPS Act Amid Operational Delays</title> <link>https://www.insidermonkey.com/blog/intel-corporation-intc-ohio-plant-secures-1-5b-from-chips-act-amid-operational-delays-1398972/</link> <pubDate>Wed, 27 Nov 2024 21:11:46 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398972</guid> <description><![CDATA[We recently compiled a list of the 15 AI News You Should Not Ignore. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/">15 AI News You Should Not Ignore</a>. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1196060" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/20131427/INTC-insidermonkey-1695230065806.jpg" alt="" width="1456" height="816" /> A technician soldering components for a semiconductor board. <h3 style="text-align: justify;">Intel Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/intel%20corp/50863/">INTC</a>)</h3> Number of Hedge Fund Holders: 68 Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Latest reports, published by news platform news 5 Cleveland, suggest that the Intel plant in Ohio, over which the firm broke ground more than two years ago, is set to be the receipt of $1.5 billion in federal funding through the close to $8 billion CHIPS Act grant recently provided to Intel. Per the federal authorities, the new plant will be functional by 2030. Analysts believe the delay in making the Ohio plant operational is one of the reasons why the initial $8.5 billion grant for Intel was reduced to below $8 billion. Overall INTC ranks 8th on our list of the AI stocks that you should not ignore. While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than INTC but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/intel-corporation-intc-ohio-plant-secures-1-5b-from-chips-act-amid-operational-delays-1398972/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Analog Devices, Inc. (ADI): Evercore ISI Ups Price Target to $280, Predicts Demand Rebound</title> <link>https://www.insidermonkey.com/blog/analog-devices-inc-adi-evercore-isi-ups-price-target-to-280-predicts-demand-rebound-1398966/</link> <pubDate>Wed, 27 Nov 2024 21:08:41 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398966</guid> <description><![CDATA[We recently compiled a list of the 15 AI News You Should Not Ignore. In this article, we are going to take a look at where Analog Devices, Inc. (NASDAQ:ADI) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/">15 AI News You Should Not Ignore</a>. In this article, we are going to take a look at where Analog Devices, Inc. (NASDAQ:ADI) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1196302" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/21074857/ADI-insidermonkey-1695296933952.jpg" alt="" width="1456" height="816" /> A technician working on power management in a semiconductor factory. <h3 style="text-align: justify;">Analog Devices, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/analog%20devices%20inc/6281/">ADI</a>)</h3> Number of Hedge Fund Holders: 63 Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. On November 27, Evercore ISI raised the price target on the stock to $280 from $254 and kept an Outperform rating on the shares. The advisory believes guidance contemplates a cautious supply chain, which has undergone seven quarters of inventory correction and is heading to below normal levels. This, combined with its view that Analog is shipping about 22% below consumption, leads the advisory to contend that the company should be set up for a material snapback in demand starting in the January or April-end quarter. Overall ADI ranks 9th on our list of the AI stocks that you should not ignore. While we acknowledge the potential of ADI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ADI but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/analog-devices-inc-adi-evercore-isi-ups-price-target-to-280-predicts-demand-rebound-1398966/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Dell Technologies Inc. (DELL): Citi Lowers Price Target to $156 Amid Earnings Miss, Highlights AI and PC Recovery Potential</title> <link>https://www.insidermonkey.com/blog/dell-technologies-inc-dell-citi-lowers-price-target-to-156-amid-earnings-miss-highlights-ai-and-pc-recovery-potential-1398957/</link> <pubDate>Wed, 27 Nov 2024 20:56:06 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398957</guid> <description><![CDATA[We recently compiled a list of the 15 AI News You Should Not Ignore. In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/">15 AI News You Should Not Ignore</a>. In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1197063" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/23101657/DELL-insidermonkey-1695478615455.jpg" alt="" width="1456" height="816" /> A team of IT experts discussing the latest network security trends over a laptop screen. <h3 style="text-align: justify;">Dell Technologies Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/dell%20technologies%20inc/1571996/">DELL</a>)</h3> Number of Hedge Fund Holders: 60 Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services. On November 27, Citi lowered the price target on the stock to $156 from $160 and kept a Buy rating on the shares. The stock traded down 10% post earnings as reported revenue and guidance missed expectations, largely on artificial intelligence revenues and more tempered PC, the advisory told investors in a research note. However, Citi says Dell remains confident in continued growth drivers across all segments with a robust AI pipeline, mainstream server recovery gaining momentum, and a PC recovery taking hold. Overall DELL ranks 10th on our list of the AI stocks that you should not ignore. While we acknowledge the potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DELL but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/dell-technologies-inc-dell-citi-lowers-price-target-to-156-amid-earnings-miss-highlights-ai-and-pc-recovery-potential-1398957/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>8 Most Undervalued Pot Stocks to Buy According to Analysts</title> <link>https://www.insidermonkey.com/blog/8-most-undervalued-pot-stocks-to-buy-according-to-analysts-1398592/</link> <pubDate>Wed, 27 Nov 2024 20:45:04 +0000</pubDate> <dc:creator>Neha Gupta</dc:creator> <category><![CDATA[Hedge Funds]]></category> <category><![CDATA[News]]></category> <category><![CDATA[10 Best Waste Management Stocks to Buy According to Analysts]]></category> <category><![CDATA[8 Most Undervalued Pot Stocks to Buy According to Analysts]]></category> <category><![CDATA[99% of Billionaire Abrams' Portfolio is in These 11 Stocks]]></category> <category><![CDATA[AbbVie Inc (NYSE:ABBV)]]></category> <category><![CDATA[Chicago Atlantic Real Estate Finance Inc. (NASDAQ:REFI)]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[Gamma Inc. (NASDAQ:AFCG)]]></category> <category><![CDATA[Green Thumb Industries Inc. (OTCQX:GTBIF)]]></category> <category><![CDATA[Headline]]></category> <category><![CDATA[Innovative Industrial Properties Inc. (NYSE:IIPR)]]></category> <category><![CDATA[Jazz Pharmaceuticals plc (NASDAQ:JAZZ)]]></category> <category><![CDATA[NASDAQ:AFCG]]></category> <category><![CDATA[NASDAQ:JAZZ]]></category> <category><![CDATA[NASDAQ:REFI]]></category> <category><![CDATA[NYSE:ABBV]]></category> <category><![CDATA[NYSE:DGX]]></category> <category><![CDATA[NYSE:IIPR]]></category> <category><![CDATA[NYSE:PFE]]></category> <category><![CDATA[OTCQX:GTBIF]]></category> <category><![CDATA[Pfizer Inc (NYSE:PFE)]]></category> <category><![CDATA[Quest Diagnostics Incorporated (NYSE:DGX)]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398592</guid> <description><![CDATA[In this article, we will discuss the 8 most undervalued pot stocks to buy according to analysts. A decade ago, the cannabis industry was in full swing as stock valuations exploded to record highs in states across the country legalizing pot use for medicinal and recreational purposes. Fast forward, valuations have crashed as harsh realities […]]]></description> <content:encoded><![CDATA[In this article, we will discuss the 8 most undervalued pot stocks to buy according to analysts. A decade ago, the cannabis industry was in full swing as stock valuations exploded to record highs in states across the country legalizing pot use for medicinal and recreational purposes. Fast forward, valuations have crashed as harsh realities set in. While legalization on the state level has gathered pace in recent years, marijuana remaining illegal on the federal level is turning out to be one of the biggest stumbling blocks. Far higher taxes in handling federally prohibited cannabis and its products have hit the industry hard. Similarly, legal weed sales have faced stiff competition from the illegal market, something that has hurt companies' ability to ramp up sales and generate significant shareholder value. The just concluded US election has added yet another layer of uncertainty for the pot industry. While Vice President Kamala Harris had given the clearest indication to legalize recreational use nationally, she lost the election waiting to see what is in store under the Donald Trump administration. READ ALSO: <a href="https://www.insidermonkey.com/blog/99-of-billionaire-abrams-portfolio-is-in-these-11-stocks-1390637/">99% of Billionaire Abrams’ Portfolio is in These 11 Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-best-waste-management-stocks-to-buy-according-to-analysts-1388419/">10 Best Waste Management Stocks to Buy According to Analysts</a>. Nevertheless, it is a fact that the pot industry suffered its biggest blow yet on the ballot on state legalization referendums failing through. North Dakota, South Dakota, and Florida all had unsuccessful referendums to legalize recreational use. Only Nebraska's medical use referendum was successful. Twenty-four states in the United States have legalized marijuana for adult use, and Florida might have added a sizable market for the cannabis sector. According to marijuana analytics company Headset, recreational marijuana sales in the state could have reached between $4.9 billion and $6.1 billion in the first year after legalization. Amid the setbacks, the cannabis sector outlook remains positive as the focus shifts to reclassifying marijuana as a less serious federal offence. President-elect Donald Trump has shown that he is open to supporting changes and new laws for marijuana. This could greatly help the struggling marijuana industry. According to ATB Capital Markets analyst Frederico Gomes, reclassifying pot as a less federally severe crime would offset any effects of failure to pass substantial amendments during the referendum. Due to the harsh treatment of Cannabis under the so-called 280E tax code, pot businesses currently pay effective tax rates of over 70%. The provision also prevents companies dealing in schedule one or two controlled substances from claiming tax credits. Consequently, reclassification would translate to about $3.5 billion being injected back into the sector, thus lowering the overall cost for capital and sparking a flurry of activities, according to Katan Associates International founder Seth Yakatan. "I think the combination of the rescheduling [of Cannabis] to Schedule III, having businesses able to deduct their business expenses, is building momentum for other changes. I think in short order, after this happens, very likely [there will be a] change in federal policy regarding banking. As you know, it is very hard for state-legal cannabis businesses to have bank accounts. It's also very expensive, and they are charged a premium," said U.S. Rep. Earl Blumenauer in an interview with the Wall Street Journal. The most undervalued pot stocks to buy could turn out to be big winners in the regulatory environment improving under the new administration come next year. <img class="size-full wp-image-1398605" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2024/11/27082433/pexels-tima-miroshnichenko-7567554-1.jpg" alt="8 Most Undervalued Pot Stocks to Buy According to Analysts" width="5638" height="3759" /> Source: Pexels Our Methodology To create a list of the most undervalued cannabis stocks to buy, we looked through different cannabis ETFs to find companies that are heavily involved in the cannabis industry. We then scanned for stocks that analysts believe are undervalued with a price to earnings multiples of less than 20 and well positioned to generate significant long-term value. Finally, we ranked the stocks in ascending order based on the stock's upside potential as of November 26. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <h2 style="text-align: justify;">8 Most Undervalued Pot Stocks to Buy According to Analysts</h2> <h3 style="text-align: justify;">8. Quest Diagnostics Incorporated (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/quest+diagnostics+inc/1022079/">DGX</a>)</h3> Stock Upside Potential: 4.97% Forward Price to Earnings Ratio (P/E): 16.47 Number of Hedge Fund Holders as of Q3 2024: 32 Quest Diagnostics Incorporated (NYSE:DGX) is a leading medical testing company in the US, with around 2,300 locations. They offer workplace drug tests for marijuana using urine, saliva, and hair samples. As one of the biggest lab testing companies, they could benefit from the legalization of marijuana. More marijuana use means more drug tests for drivers and workers, which could boost Quest Diagnostics' profits. The company’s competitive edge stems from offering drug testing services certified by the US Department of Health and Human Services. Consequently, it is well-positioned to win big contracts for testing workers in safety-sensitive fields. Quest Diagnostics Incorporated (NYSE:DGX) boasts a solid track record of success and profitability, as depicted by solid third-quarter results delivered on October 22, 2024, whereby revenues were up 8.4% yearly to $2.49 billion, beating estimates by 3.4%. Earnings came in at $1.99 a share, up 1.5% from last year. Quest Diagnostics Incorporated (NYSE:DGX) gave optimistic full-year 2024 guidance, predicting revenues of between $9.8 billion and $9.85 billion and adjusted earnings per share (EPS) of $8.85 to $8.95, despite operational difficulties and weather-related delays. The strategic acquisition of LifeLabs and organic growth were the main drivers of the better-than-expected third-quarter results. Additionally, the LifeLabs acquisition marked a significant milestone, expanding the company's footprint in Canada, one of the most important cannabis markets. Fiduciary Management Inc. stated the following regarding Quest Diagnostics Incorporated (NYSE:DGX) in its Q2 2024 <a href="https://www.insidermonkey.com/blog/is-quest-diagnostics-incorporated-dgx-an-undervalued-high-growth-stock-1323127/">investor letter</a>: <blockquote> “Quest Diagnostics Incorporated (NYSE:DGX) is one of the largest independent clinical laboratory testing companies in the U.S. with a 24% market share of independent lab testing, and its scale gives it a cost advantage. The clinical testing industry sees steady volume growth, helped by increasing test volume due to an aging population, higher prevalence of chronic disease, and advancements in medical technology that continue to expand the scope of clinical testing. The broader lab industry is an $85 billion market, accounting for only 2% of total healthcare spending, yet influencing over 70% of medical decisions. Today, nearly 60% of diagnostic tests are performed in a hospital or at a hospital outreach laboratory. Importantly, performing the same diagnostic test at an independent lab can cost anywhere between two and five times less than performing the same test in a hospital lab. Quest’s average revenue per requisition is under $50. There is a nationwide focus on increasing preventative healthcare and lowering healthcare costs in general. Independent labs are part of the solution, as there is a huge value to be reaped by pushing more volumes through them. In the past, Quest has seen reimbursement challenges from both government and commercial payors. We believe that reimbursement headwinds have largely abated due to all payors recognizing the large cost-benefit of higher volumes flowing through the independent labs. We expect Quest to generate mid-single-digit topline growth and expand margins, leading to high-single-digit earnings growth. With Quest’s dividend and share repurchases, there are prospects for a low-double-digit total annual return, which is attractive given the defensive nature of the business and well-below market valuation.” </blockquote> <h3 style="text-align: justify;">7. Innovative Industrial Properties, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/innovative%20industrial%20properties%20inc/1677576/">IIPR</a>)</h3> Stock Upside Potential: 11.31% Forward Price to Earnings Ratio (P/E): 18.94 Number of Hedge Fund Holders as of Q3 2024: 13 Innovative Industrial Properties, Inc. (NYSE:IIPR) is a real estate investment trust that acquires, owns, and manages specialized properties leased to state-licensed cannabis operators. As one of the key players supporting growth in the cannabis sector through real estate, the company has seen its revenue more than triple from $116.9 million in 2020 to over $300 million in 2023. Its net income has also more than doubled over the same period. Innovative Industrial Properties, Inc. (NYSE:IIPR) delivered solid third-quarter results on November 6, 2024, with $39.7 million in net income attributable to shareholders and $57.6 million in funds from operations. Revenues dropped to $76.5 million from $77.8 million a year ago, the decline was due to a $3 million decrease in contractual rent and property management fees. Innovative Industrial Properties, Inc. (NYSE:IIPR) remains in a solid financial position with over $220 million in available liquidity backed by a portfolio of 108 properties in 19 states. <h3 style="text-align: justify;">6. Abbvie Inc (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/abbvie%20inc/1551152/">ABBV</a>)</h3> Stock Upside Potential: 13.62% Forward Price to Earnings Ratio (P/E): 15.27 Number of Hedge Fund Holders as of Q3 2024: 68 AbbVie Inc. (NYSE:ABBV) is a pharmaceutical giant that develops, manufactures, and sells pharmaceuticals worldwide. The company offers Humira, an injection for autoimmune and intestinal Behçet's diseases. Additionally, it is a big player in the cannabis sector with Marinol, its candidate cannabis drug that demonstrates the potential of cannabis as a therapeutic tool. The drug also shows AbbVie Inc. (NYSE:ABBV)'s capacity to drive innovation with alternative treatments, which is more significant for the company's stock. AbbVie has also filed for at least 59 cannabis-related patents in the United States. A cancer treatment, a treatment for juvenile idiopathic arthritis, and a cannabis treatment for skin conditions are among the active patents held by AbbVie involving cannabinoids. Federal legalization of cannabis could encourage AbbVie Inc. (NYSE:ABBV) to use its vast infrastructure and resources to further invest in cannabinoid research. <h3 style="text-align: justify;">5. Pfizer Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/pfizer%20inc/78003/">PFE</a>)</h3> Stock Upside Potential: 22.81% Forward Price to Earnings Ratio (P/E): 8.78 Number of Hedge Fund Holders as of Q3 2024: 80 Pfizer Inc. (NYSE:PFE) is a pharmaceutical company that discovers, develops, and sells biopharmaceutical products. It offers medicines and vaccines in therapeutic areas of cardiovascular metabolic, migraine, and women's health. The company made a significant entry into the burgeoning medical marijuana sector with a $6.7 billion acquisition of Arena Pharmaceuticals. Pfizer bought Arena Pharmaceuticals to boost its inflammation and immunology treatments. This deal gave Pfizer access to Arena's experimental drug, Olorinab (APD371), which is designed to help with stomach pain related to gut disorders. The development of cannabis-based treatments is part of Pfizer Inc. (NYSE:PFE)’s plan to diversify its product pipeline. The company is increasingly looking for ways to regain footing following a rapid decline in Covid business. In addition to cannabis drugs, the company is also betting on cancer drugs. Pfizer Inc. (NYSE:PFE)'s manufacturing optimization program, a major part of its strategy, is anticipated to save about $1.5 billion by the end of 2027. By the end of 2024, the company also hopes to save at least $4 billion in net costs. These cost-cutting initiatives aim to increase profitability and counteract possible revenue losses brought on by patent expirations. <a href="https://www.insidermonkey.com/blog/should-you-expect-upside-potential-for-pfizer-pfe-1319851/">Here’s</a> what <a href="https://www.insidermonkey.com/institutional-investor/parnassus-investments-ca/23177/">Parnassus Investments</a> said about Pfizer Inc. (NYSE:PFE) in its Q1 2024 investor letter: <blockquote> “During the quarter, we added new positions in Pfizer Inc. (NYSE:PFE), NICE and Charter Communications. We purchased Pfizer to capture the potential upside from any turnaround following the COVID-induced boom-bust cycle of the last few years. Pfizer’s stock price sank by more than 40% in 2023 as COVID-19 vaccine revenues rolled off, providing an attractive entry point for us. The company completed its acquisition of Seagen, which should strengthen Pfizer’s pipeline in antibody-drug conjugates (ADC). Pfizer also offers an attractive dividend yield.” </blockquote> <h3 style="text-align: justify;">4. Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/chicago%20atlantic%20real%20estate%20finance%20inc/1867949/">REFI</a>)</h3> Stock Upside Potential: 37.07% Forward Price to Earnings Ratio (P/E): 7.48 Number of Hedge Fund Holders as of Q3 2024: 6 Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a company that provides loans and financing for commercial real estate. They focus on clients in the cannabis industry, offering secured loans and other financial help to support their businesses. Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) delivered impressive third-quarter results on November 7, 2024. The company benefited from a strong pipeline in existing states and a growing number of states that have legalized marijuana for adult use. Net income was up 21.7% sequentially to $11.2 million or $0.56 per diluted share. It ended the quarter with $362.3 million in total loan principal across 29 companies with an average yield of 18.3%. Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) stands out as one of the most undervalued pot stocks as it trades at a price-to-earnings multiple of 7.41 compared to an average forward P/E of 45 for real estate companies. The company has chosen to be taxed as a real estate investment trust (REIT), so it doesn't pay federal corporate income taxes. This helps it give more money back to shareholders. Because it distributes 90% of its taxable income to stockholders, it attracts a lot of interest from investors who want regular income.  <h3 style="text-align: justify;">3. AFC Gamma, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/afc+gamma+inc/1822523/">AFCG</a>)</h3> Stock Upside Potential: 39.14% Forward Price to Earnings Ratio (P/E): 5.81 Number of Hedge Fund Holders as of Q3 2024: 6 AFC Gamma, Inc. (NASDAQ:AFCG) provides financial services to the cannabis industry, including real estate loans and loan underwriting. They offer direct and bridge loans ranging from $10 million to $100 million, which is crucial for an industry growing quickly but facing legal challenges. AFCG estimates the cannabis market to be worth about $30 billion. It earns money from interest on these loans, which are secured by real estate, equipment, and licenses. AFC Gamma, Inc. (NASDAQ:AFCG) is committed to growing through new loans and strategic investments. In October, AFCG announced it provided $41 million in funding to Story of Maryland, LLC. Story MD will use this money to refinance debt and for working capital. Management believes that their financial performance will keep improving and stabilising as long as they find opportunities in key markets. AFC Gamma, Inc. (NASDAQ:AFCG)’s third-quarter report delivered on November 13, 2024, shows strong earnings and strategic positioning. Net income came in at $1.4 million at the back of $7.2 million in distributable earnings due to successful origination efforts and active portfolio management. It also exceeded the $100 million target for new originations in 2024, showing the company's capacity to assist top-tier operators in vital cannabis markets. <h3 style="text-align: justify;">2. Jazz Pharmaceuticals plc (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/jazz%20pharmaceuticals%20plc/1232524/">JAZZ</a>)</h3> Stock Upside Potential: 45.63% Forward Price to Earnings Ratio (P/E): 6.64 Number of Hedge Fund Holders as of Q3 2024: 40 Jazz Pharmaceuticals plc (NASDAQ:JAZZ) is a biopharmaceutical company that identifies, develops, and commercializes pharmaceutical products for unmet medical needs. While it focuses on oncology and neuroscience, the company also operates in the cannabis sector following the $7.2 billion acquisition of GW Pharmaceuticals. Jazz Pharmaceuticals plc (NASDAQ:JAZZ) has a drug called Epidiolex, which is approved to treat childhood epilepsy. This drug has also shown promise in helping with mood, cognitive issues, and pain in people with Gulf War Illness. Epidiolex is notable because it was the first cannabis-derived medicine to get approval in the US and is also available in the UK. It plays a significant role in generating revenue for the cannabis sector. In the third quarter of 2024, Jazz Pharmaceuticals plc (NASDAQ:JAZZ) reported that their sales of cannabis-based drugs increased by 18% compared to the same period last year, reaching $251.6 million. This growth in cannabis drug sales is a major factor driving the company's overall success. Continued Epidiolex's strong performance is one reason management maintained a total revenue guidance of $4.0 to $4.1 billion for 2024 for the full year. <h3 style="text-align: justify;">1. Green Thumb Industries Inc. (OTC:GTBIF)</h3> Stock Upside Potential: 74.95% Forward Price to Earnings Ratio (P/E): 17.76 Number of Hedge Fund Holders as of Q3 2024: N/A Green Thumb Industries Inc. (OTC:GTBIF) makes and sells cannabis products for both medical and recreational use. Its products include flowers, pre-rolled joints, concentrates, vapes, capsules, tinctures, and edibles. The company operates in 15 states with 18 production facilities and 77 stores, and has seven different brands. Green Thumb Industries Inc. (OTC:GTBIF) controls the entire process from growing to selling. In well-established markets, they buy cannabis from other producers to save on expansion costs. Despite setbacks in legalizing adult-use cannabis in four states, Green Thumb Industries Inc. (OTC:GTBIF) is still in a strong position to benefit from the cannabis market, which is expected to double to around $31 billion. The company's agreement with Magnolia Bakery, a cupcake and dessert chain that now sells THC-containing products made from hemp, is one factor driving its growth. On November 22, 2024, RISE Dispensaries, a cannabis retail chain owned by Green Thumb Industries, announced the opening of its 100th and 101st locations in Carson City, NV, and Brooklyn Park, MN. RISE Dispensaries sell cannabis products and now have 11 locations in Nevada and 8 in Minnesota. Green Thumb Industries Inc. (OTC:GTBIF) delivered strong third-quarter results on November 7, 2024, with revenue up 4.2% year over year to $287 million, attributed to strong demand for its cannabis products. It also achieved an adjusted EBITDA of $89 million and a GAAP net income of $9 million. Additionally, GTBIF entered into a 5 year $150 million syndicated bank loan facility that strengthened its balance sheet, thus allowing it to retire a $225 million senior secured debt. While we acknowledge the potential of GTBIF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GTBIF but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/&source=gmail&ust=1732799826566000&usg=AOvVaw3rlKwJtrYlKvkt3aqwe6k-">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/&source=gmail&ust=1732799826566000&usg=AOvVaw2V1hgvK_0vkXNA5K9bC4tf"> 30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. ]]></content:encoded> </item> <item> <title>Equinix, Inc. (EQIX) Expands Green Bond Issuances to $6.9B, Strengthening Sustainability Commitments</title> <link>https://www.insidermonkey.com/blog/equinix-inc-eqix-expands-green-bond-issuances-to-6-9b-strengthening-sustainability-commitments-1398948/</link> <pubDate>Wed, 27 Nov 2024 20:36:05 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398948</guid> <description><![CDATA[We recently compiled a list of the 15 AI News You Should Not Ignore. In this article, we are going to take a look at where Equinix, Inc. (NASDAQ:EQIX) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/">15 AI News You Should Not Ignore</a>. In this article, we are going to take a look at where Equinix, Inc. (NASDAQ:EQIX) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1198787" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/27185910/EQIX-insidermonkey-1695855547091.jpg" alt="" width="1456" height="816" /> A team of IT professionals working on a digital platform, indicating the company's agile digital services. <h3 style="text-align: justify;">Equinix, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/equinix%20inc/1101239/">EQIX</a>)</h3> Number of Hedge Fund Holders: 55 Equinix, Inc. (NASDAQ:EQIX) is a California-based real estate trust that operates data centers and other technology assets. As AI data center companies come under increased pressure to use sustainable energy sources for their data center power needs, Equinix recently announced that it had issued an additional €1.15B in green bonds, which builds on more than $750 billion offerings in green bonds that Equinix completed in September this year. With these latest issuances, Equinix will have issued a total of $6.9 billion of green bonds, making it a top 5 issuer of green bonds in the US. The firm said it will utilize the green bonds to further its sustainability initiatives and enhance the operational efficiency of its global business. Overall EQIX ranks 11th on our list of the AI stocks that you should not ignore. While we acknowledge the potential of EQIX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than EQIX but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/equinix-inc-eqix-expands-green-bond-issuances-to-6-9b-strengthening-sustainability-commitments-1398948/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Super Micro Computer, Inc. (SMCI): Hedge Funds Boost Holdings Despite Nasdaq Delisting Risk</title> <link>https://www.insidermonkey.com/blog/super-micro-computer-inc-smci-hedge-funds-boost-holdings-despite-nasdaq-delisting-risk-1398941/</link> <pubDate>Wed, 27 Nov 2024 20:30:03 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398941</guid> <description><![CDATA[We recently compiled a list of the 15 AI News You Should Not Ignore. In this article, we are going to take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/">15 AI News You Should Not Ignore</a>. In this article, we are going to take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1200124" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/30194038/SMCI-insidermonkey-1696117235234.jpg" alt="" width="1456" height="816" /> A team of technicians in a server room, testing and managing the newest server solutions. <h3 style="text-align: justify;">Super Micro Computer, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/analog%20devices%20inc/6281/">SMCI</a>)</h3> Number of Hedge Fund Holders: 33 Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. Even as the company faces a potential delisting on the Nasdaq stock exchange, hedge fund titans are loading up on the stock. Latest disclosures reveal that Ray Dalio of <a href="https://www.insidermonkey.com/hedge-fund/bridgewater-associates/72/">Bridgewater Associates</a> has upped the stake of his hedge fund in the server maker by 922% compared to the filings for the previous quarter. The present stake comprises over 1.6 million shares worth more than $67 million. Overall SMCI ranks 13th on our list of the AI stocks that you should not ignore. While we acknowledge the potential of SMCI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SMCI but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/super-micro-computer-inc-smci-hedge-funds-boost-holdings-despite-nasdaq-delisting-risk-1398941/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Centene Corporation (CNC) is One of the Cheapest Stocks to Buy on Robinhood?</title> <link>https://www.insidermonkey.com/blog/why-centene-corporation-cnc-is-one-of-the-cheapest-stocks-to-buy-on-robinhood-1398658/</link> <pubDate>Wed, 27 Nov 2024 20:19:21 +0000</pubDate> <dc:creator>Affan Mir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398658</guid> <description><![CDATA[We recently published a list of 10 Cheapest Stocks to Buy On Robinhood. In this article, we are going to take a look at where Centene Corporation (NYSE:CNC) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/10-cheapest-stocks-to-buy-on-robinhood-1397347/">10 Cheapest Stocks to Buy On Robinhood</a>. In this article, we are going to take a look at where Centene Corporation (NYSE:CNC) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal trends, strong retail, and corporate activity, and positive market momentum following the November election still suggests a potential for continued growth in U.S. equities. Goldman Sachs’ Scott Rubner predicts a year-end rally that will push the S&P to 6,200 points as reported by Bloomberg on November 25. He attributes this potential rally to growing retail enthusiasm in equities and crypto, seasonal trading patterns, and increasing corporate buyback demand. Rubner noted that the recent consolidation phase is typical, and highlighted significant inflows into U.S. equities, with the broader market gaining over 3% since the November 5 presidential vote and the Russell 2000 rising 6.5%. Historically, strong market performance in election years tends to extend into January, with the capital being deployed at the start of the new year. READ ALSO: <a href="https://www.insidermonkey.com/blog/jim-cramers-lightning-round-9-stocks-in-spotlight-1396815/">Jim Cramer’s Lightning Round: 9 Stocks in Spotlight</a> and <a href="https://www.insidermonkey.com/blog/10-best-renewable-energy-penny-stocks-to-invest-in-2-1396570/">10 Best Renewable Energy Penny Stocks to Invest In</a>. <h2 style="text-align: justify;">Strategic Investment Moves in a Shifting Economy</h2> In an interview with Seana Smith and Madison Mills of Yahoo Finance, Jim Smigiel, SEI’s Chief Investment Officer, highlighted several key insights for investors, in light of President-elect Donald Trump’s pro-growth policies. He warned that these policies could lead to higher inflation and rising interest rates, which may impact investment strategies. For investors, the focus should be on understanding how inflation and rates can affect different assets and staying prepared for potential shifts in the market. Smigiel sees opportunities in small-cap stocks, value stocks, and financials, which are expected to benefit from the current reflationary environment. He suggested investors consider diversifying their portfolios to reduce reliance on highly concentrated growth sectors like tech. Active management, where professional fund managers select investments, could also be a useful strategy to broaden exposure and adapt to market changes. While higher rates could eventually pose challenges, Smigiel noted that small-cap stocks remain attractive for now due to improved debt structures, providing a window of opportunity until around 2026. Investors should keep an eye on rising yields, as it might signal a need to shift toward more defensive investments. Diversification remains critical in managing risks during this period. <h3 style="text-align: justify;">Our Methodology</h3> For this article, we checked all the large-cap companies trading on Robinhood with at least 50% positive analyst ratings. We narrowed our list to nearly 40 stocks that were trading below a forward price-to-earnings multiple of under 15. We also skipped the stocks that were trading above or at their industry median despite trading below a PE ratio of 15. Finally, we chose the 10 cheapest stocks to buy based on their average analyst price target upside as of November 25 (pre-market open). These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1196628 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/22051242/CNC-insidermonkey-1695373960033.jpg" alt="Why Centene Corporation (CNC) is Cheapest Stocks to Buy on Robinhood?" width="1456" height="816" /> A doctor holding a clipboard in a hospital ward, discussing patient treatment plan with the nurses. <h3 style="text-align: justify;">Centene Corporation (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/centene%20corp/1071739/">CNC</a>)</h3> Market Cap: $30.8 billion FWD PE Ratio: 8.84 Average Price Target Upside: 35.83% Centene Corporation (NYSE:CNC) is a U.S.-based healthcare company providing services to under-insured families, businesses, and military groups. It operates through Medicaid, Medicare, and Commercial segments, offering health plans, insurance products, and government contract services like TRICARE. The company also manages clinical healthcare facilities, pharmacies, dental care, and speech therapy. Centene’s (NYSE:CNC) Q3 results highlight solid progress in Medicaid stabilization, Medicare Star Ratings improvement, and marketplace growth. Moreover, the company remains on track to achieve its full-year goals while positioning itself for long-term success. The company’s Q3 2024 results exceeded expectations, with adjusted EPS of $1.62 driven by favorable tax timing. Medicaid membership stabilized at 13 million as redeterminations concluded, with 30% of disenrolled members returning, though gaps caused temporary challenges. The Medicaid Health Benefits Ratio (HBR) was 93.1%, and rate adjustments are projected at 4.5%-5% in the year’s second half. Medicare Star Ratings improved, with 46% of members in 3.5-star plans or higher for 2025, up from 23%. Medicare Advantage revenue is expected to reach $14-$16 billion in 2025. Marketplace membership grew 22% year-over-year to 4.5 million, with stable margins forecasted. Operational efforts, including AI for provider contracts, supported $36.9 billion in Q3 revenue. Finally, despite cash flow impacts from rate increases, Centene (NYSE:CNC) repurchased $1.6 billion in shares. Oakmark Select Fund stated the following regarding Centene Corporation (NYSE:CNC) in its Q2 2024 <a href="https://www.insidermonkey.com/blog/should-you-invest-in-centene-corporation-cnc-1322733/">investor letter</a>: <blockquote> “Centene Corporation (NYSE:CNC) is one of the largest health insurers in the U.S. The company specializes in three major government-sponsored programs: Medicaid, Marketplace and Medicare Advantage, each of which benefits from long-term secular tailwinds. In Medicaid, states are steadily outsourcing their programs to companies like Centene to reduce costs and improve care quality. Managed Medicaid penetration has increased throughout the past decade and we expect further gains over time. In Marketplace, growth is driven by the trend toward more individuals buying health insurance. Centene holds the #1 market share in both of these programs and is well positioned to capitalize on their continued growth. Finally, we believe management is successfully turning around Centene’s Medicare business and expect the division to generate positive earnings over time. After adjusting for losses stemming from Centene’s Medicare business, we were able to purchase shares at a single-digit P/E multiple, which we think is too cheap for a leading, secularly growing Medicaid company and an improving Medicare business.” </blockquote> Overall, CNC ranks 10th on our list of cheapest stocks to buy on Robinhood. While we acknowledge the potential of CNC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CNC but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-3/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Vale S.A. (VALE) is One of the Cheapest Stocks to Buy on Robinhood?</title> <link>https://www.insidermonkey.com/blog/why-vale-s-a-vale-is-one-of-the-cheapest-stocks-to-buy-on-robinhood-1398665/</link> <pubDate>Wed, 27 Nov 2024 20:18:03 +0000</pubDate> <dc:creator>Affan Mir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398665</guid> <description><![CDATA[We recently published a list of 10 Cheapest Stocks to Buy On Robinhood. In this article, we are going to take a look at where Vale S.A. (NYSE:VALE) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/10-cheapest-stocks-to-buy-on-robinhood-1397347/">10 Cheapest Stocks to Buy On Robinhood</a>. In this article, we are going to take a look at where Vale S.A. (NYSE:VALE) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal trends, strong retail, and corporate activity, and positive market momentum following the November election still suggests a potential for continued growth in U.S. equities. Goldman Sachs’ Scott Rubner predicts a year-end rally that will push the S&P to 6,200 points as reported by Bloomberg on November 25. He attributes this potential rally to growing retail enthusiasm in equities and crypto, seasonal trading patterns, and increasing corporate buyback demand. Rubner noted that the recent consolidation phase is typical, and highlighted significant inflows into U.S. equities, with the broader market gaining over 3% since the November 5 presidential vote and the Russell 2000 rising 6.5%. Historically, strong market performance in election years tends to extend into January, with the capital being deployed at the start of the new year. READ ALSO: <a href="https://www.insidermonkey.com/blog/jim-cramers-lightning-round-9-stocks-in-spotlight-1396815/">Jim Cramer’s Lightning Round: 9 Stocks in Spotlight</a> and <a href="https://www.insidermonkey.com/blog/10-best-renewable-energy-penny-stocks-to-invest-in-2-1396570/">10 Best Renewable Energy Penny Stocks to Invest In</a>. <h2 style="text-align: justify;">Strategic Investment Moves in a Shifting Economy</h2> In an interview with Seana Smith and Madison Mills of Yahoo Finance, Jim Smigiel, SEI’s Chief Investment Officer, highlighted several key insights for investors, in light of President-elect Donald Trump’s pro-growth policies. He warned that these policies could lead to higher inflation and rising interest rates, which may impact investment strategies. For investors, the focus should be on understanding how inflation and rates can affect different assets and staying prepared for potential shifts in the market. Smigiel sees opportunities in small-cap stocks, value stocks, and financials, which are expected to benefit from the current reflationary environment. He suggested investors consider diversifying their portfolios to reduce reliance on highly concentrated growth sectors like tech. Active management, where professional fund managers select investments, could also be a useful strategy to broaden exposure and adapt to market changes. While higher rates could eventually pose challenges, Smigiel noted that small-cap stocks remain attractive for now due to improved debt structures, providing a window of opportunity until around 2026. Investors should keep an eye on rising yields, as it might signal a need to shift toward more defensive investments. Diversification remains critical in managing risks during this period. <h3 style="text-align: justify;">Our Methodology</h3> For this article, we checked all the large-cap companies trading on Robinhood with at least 50% positive analyst ratings. We narrowed our list to nearly 40 stocks that were trading below a forward price-to-earnings multiple of under 15. We also skipped the stocks that were trading above or at their industry median despite trading below a PE ratio of 15. Finally, we chose the 10 cheapest stocks to buy based on their average analyst price target upside as of November 25 (pre-market open). These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1201490 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/04211126/VALE-insidermonkey-1696468284593.jpg" alt="Why Vale S.A. (VALE) is Cheapest Stocks to Buy on Robinhood?" width="1456" height="816" /> Aerial view of a giant iron ore mine, showcasing the mineral deposits of the company's Ferrous Minerals segment. <h3 style="text-align: justify;">Vale S.A. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/vale%20s%20a/917851/">VALE</a>)</h3> Market Cap: $43.2 billion FWD PE Ratio: 4.97 Average Price Target Upside: 41.72% Vale S.A. (NYSE:VALE) is a Brazilian mining company that produces and sells iron ore, iron ore pellets, nickel, and copper both domestically and internationally. It operates through two segments: Iron Solutions, which focuses on iron ore, pellets, and related logistics, and Energy Transition Materials, which deals with nickel, copper, and by-products like gold, silver, and cobalt. Vale S.A.’s (NYSE:VALE) stock has experienced a beat-down throughout the year and has severely underperformed the market. However, its Q3 2024 results showed strong operational performance and strategic advancements under new CEO Gustavo Pimenta, who emphasized safety, cost efficiency, portfolio optimization, and stakeholder trust as priorities for Vale’s 2030 vision. Iron ore production hit its highest level since 2018, with pellet production increasing 13% year-over-year. The Vargem Grande project, adding 15 million tons of capacity, started ahead of schedule, while the Capanema project, 91% complete, is expected to begin operations in early 2025. The company reduced its iron ore cash costs by 17% this quarter, bringing them to $28.6 per ton, and expects to hit the low end of the $21.5-$23 guidance range for 2024. Moreover, as discussed in our <a href="https://www.insidermonkey.com/blog/10-oversold-blue-chip-stocks-to-buy-now-1380554">oversold blue chip stocks</a> article, Vale (NYSE:VALE) holds a strong position in global mining, especially in iron ore production. The company’s Value-Based Management (VBM) approach is aimed at driving long-term growth, with a recent review indicating benefits that could extend into 2028 and beyond. Analysts see Vale’s ability to generate healthy free cash flow (FCF) as key to sustaining its growth. The company’s focus on increasing production, reducing costs, and improving efficiency through VBM initiatives is expected to enhance profitability and strengthen its market position. These strategies should lead to continued earnings growth and greater shareholder value. Overall, VALE ranks 6th on our list of cheapest stocks to buy on Robinhood. While we acknowledge the potential of VALE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VALE but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-3/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Symbotic Inc. (SYM): Downgraded by KeyBanc Amid Accounting Error Concerns</title> <link>https://www.insidermonkey.com/blog/symbotic-inc-sym-downgraded-by-keybanc-amid-accounting-error-concerns-1398930/</link> <pubDate>Wed, 27 Nov 2024 20:15:56 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398930</guid> <description><![CDATA[We recently compiled a list of the 15 AI News You Should Not Ignore. In this article, we are going to take a look at where Symbotic Inc. (NASDAQ:SYM) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/">15 AI News You Should Not Ignore</a>. In this article, we are going to take a look at where Symbotic Inc. (NASDAQ:SYM) stands against the other AI stocks. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1220847" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/11/09211453/SYM-insidermonkey-1699582491504.jpg" alt="" width="1456" height="816" /> A warehouse automation system in operation, with robotic arms managing inventory efficiently. <h3 style="text-align: justify;">Symbotic Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/symbotic%20inc/1837240/">SYM</a>)</h3> Number of Hedge Fund Holders: 15 Symbotic Inc. (NASDAQ:SYM) is an automation technology company that engages in developing technologies to improve operating efficiencies in modern warehouses. The AI business focuses on automating supply chain and warehouse operations. On November 27, KeyBanc analyst Ken Newman downgraded the stock to Sector Weight from Overweight following the company's announcement that it found additional accounting errors in its revenue recognition related to cost overruns. While the complete picture of the impact won't be available until the 10-K is officially filed in the next two weeks, the advisory says it gets the sense that this restatement is purely an accounting issue and not indicative of a change in customer behavior or order activity. Overall SYM ranks 15th on our list of the AI stocks that you should not ignore. While we acknowledge the potential of SYM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SYM but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/symbotic-inc-sym-downgraded-by-keybanc-amid-accounting-error-concerns-1398930/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Baidu (BIDU) Faces Headwinds in AI Search Monetization, Downgraded to ‘Neutral’</title> <link>https://www.insidermonkey.com/blog/baidu-bidu-faces-headwinds-in-ai-search-monetization-downgraded-to-neutral-1398633/</link> <pubDate>Wed, 27 Nov 2024 20:15:43 +0000</pubDate> <dc:creator>Ghazal Ahmed</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398633</guid> <description><![CDATA[We recently published a list of 15 AI News That Broke The Internet. In this article, we are going to take a look at where Baidu, Inc. (NASDAQ:BIDU) stands against other AI stocks. OpenAI has been making headlines in the artificial intelligence realm ever since its existence, and it seems the company has something new […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/15-ai-news-that-broke-the-internet-2-1398340/">15 AI News That Broke The Internet</a>. In this article, we are going to take a look at where Baidu, Inc. (NASDAQ:BIDU) stands against other AI stocks. OpenAI has been making headlines in the artificial intelligence realm ever since its existence, and it seems the company has something new to share almost every day. However, not all the news surrounding the company is positive. In the latest news shared by The Washington Post, OpenAI has suspended access to its latest, highly anticipated video generation tool, Sora. This suspension followed a small group of artists who had leaked access to the tool to protest the treatment they’ve been receiving at the company. READ ALSO: <a href="https://www.insidermonkey.com/blog/15-ai-stocks-to-watch-news-and-analyst-ratings-1397196/">15 AI Stocks to Watch: News and Analyst Ratings</a> and <a href="https://www.insidermonkey.com/blog/9-buzzing-ai-stocks-to-watch-on-latest-news-1392509/">9 Buzzing AI Stocks to Watch on Latest News.</a> Arguing that the company used them as “PR Puppets” without pay, the artists created a webpage allowing anyone to make AI videos using Sora. OpenAI granted hundreds of artists free access to the video generation tool so that they could test out the new artificial intelligence video generator. However, 20 of these artists argued that the company had taken advantage of their unpaid labor. This is what the group of artists wrote on Hugging Face, an open-source repository for artificial intelligence projects. <blockquote> “Hundreds of artists provide unpaid labor through bug testing, feedback and experimental work for the program for a $150B valued company”. </blockquote> The artists further added that the opportunities offered in return for helping the company, such as being selected to have their Sora-created films screened, offer “minimal compensation which pales in comparison to the substantial PR and marketing value OpenAI receives. The tool was public three hours before it was shut down. OpenAI spokesperson Niko Felix said that the company has temporarily shut down user access to Sora while it looks into the situation. <blockquote> “Hundreds of artists in our alpha have shaped Sora’s development, helping prioritize new features and safeguards. Participation is voluntary, with no obligation to provide feedback or use the tool.” -Felix wrote in a statement from OpenAI. </blockquote> In other news, Axios reported that President-elect Donald Trump is considering naming an "AI czar" in the White House that will be coordinating federal policy and governmental use of artificial intelligence. While Elon Musk isn’t going to be the AI czar, he is expected to be involved. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1200160 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/01121752/BIDU-insidermonkey-1696177070408.jpg" alt="" width="1456" height="816" /> A modern internet space with a person using Baidu services on a laptop. <h3 style="text-align: justify;">Baidu, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/baidu%20inc/1329099/">BIDU</a>)</h3> Number of Hedge Fund Holders: 54 Baidu, Inc. (NASDAQ:BIDU), a Chinese internet giant and AI pioneer, was downgraded by Susquehanna International Group on Monday, November 25th. Analyst Shyam Patil downgraded the stock to “Neutral” from Positive and also cut his price target to $85 from $105. According to Patil, macro-related pressures and AI search monetization headwinds” are expected to weigh on Baidu’s revenue. As such, Baidu’s challenge lies in making its AI efforts profitable. The analyst noted that queries that its search engine answers using generative AI are currently monetizing at a lower rate than traditional search because they don’t always direct users to ads. Overall, BIDU ranks 9th on our list of AI news that broke the internet. While we acknowledge the potential of BIDU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BIDU but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-10/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>8 Cloud Computing Stocks Under $10</title> <link>https://www.insidermonkey.com/blog/8-cloud-computing-stocks-under-10-1396555/</link> <pubDate>Wed, 27 Nov 2024 20:15:17 +0000</pubDate> <dc:creator>Bob Karr</dc:creator> <category><![CDATA[Hedge Funds]]></category> <category><![CDATA[Industries]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Tech]]></category> <category><![CDATA[8 Cloud Computing Stocks Under $10]]></category> <category><![CDATA[Alight Inc. (NYSE:ALIT)]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[Fastly Inc. (NYSE:FSLY)]]></category> <category><![CDATA[Headline]]></category> <category><![CDATA[Kingsoft Cloud Holdings Limited (NASDAQ:KC)]]></category> <category><![CDATA[NASDAQ:KC]]></category> <category><![CDATA[NASDAQ:RUM]]></category> <category><![CDATA[NASDAQ:RXT]]></category> <category><![CDATA[NASDAQ:UPLD]]></category> <category><![CDATA[NYSE:ALIT]]></category> <category><![CDATA[NYSE:CXM]]></category> <category><![CDATA[NYSE:FSLY]]></category> <category><![CDATA[NYSE:YEXT]]></category> <category><![CDATA[Rackspace Technology Inc. (NASDAQ:RXT)]]></category> <category><![CDATA[Rumble Inc. (NASDAQ:RUM)]]></category> <category><![CDATA[Sprinklr Inc. (NYSE:CXM)]]></category> <category><![CDATA[Upland Software Inc. (NASDAQ:UPLD)]]></category> <category><![CDATA[Yext Inc. (NYSE:YEXT)]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1396555</guid> <description><![CDATA[In this article, we will discuss the 8 Cloud Computing Stocks Under $10. As per Nasscom Community, the cloud computing market saw a staggering growth in 2024, touching $1.2 trillion. This market was aided by significant demand for scalable, efficient, and cost-effective digital solutions. Some of the critical growth drivers include the proliferation of remote […]]]></description> <content:encoded><![CDATA[In this article, we will discuss the 8 Cloud Computing Stocks Under $10. As per Nasscom Community, the cloud computing market saw a staggering growth in 2024, touching $1.2 trillion. This market was aided by significant demand for scalable, efficient, and cost-effective digital solutions. Some of the critical growth drivers include the proliferation of remote work, acceleration in digital transformation initiatives, and robust adoption of IoT devices. <h2 style="text-align: justify;">AI To Drive Growth in Cloud Computing</h2> Over the past few years, cloud computing has merged with Al and redefined business operations throughout industries. As per Industry experts, cloud strategies have been shifting as organizations continue to utilize more services and Al is expected to be one of the biggest drivers. John Samuel, global CIO, and EVP at a global IT and outsourcing provider, believes that cloud providers have invested significantly in GenAl technologies and are collaborating with chip manufacturers to enhance performance and scalability. According to Samuel, these alliances should enable cloud platforms to power a growing ecosystem of downstream SaaS providers that build solutions to allow easier adoption of Al-based solutions. Therefore, GenAl continues to be a key enabler for adopting advanced Al capabilities throughout industries, with the cloud acting as the backbone. As per Alex Turgeon, President of Valere, Al is expected to drive ~35% of the cloud computing market's growth over the upcoming 2 years. In 2025, Al and cloud computing are expected to form an inseparable partnership. Alex Turgeon believes that investments by companies in Al-enabled cloud infrastructure should enhance scalability, performance, and accessibility. As per Deloitte, 70% of the companies that are adopting Al will adopt it via cloud-based infrastructure. <h2 style="text-align: justify;">Key Cloud Computing Trends for 2025</h2> According to Nasscom Community, future developments in the cloud computing field are expected to be aided by multi-cloud strategies. This will involve the use of more than one cloud service provider between the business and the cloud altogether. By 2025, different cloud networks can communicate, which will result in more interoperability between different cloud platforms. By next year, companies are expected to focus on green cloud initiatives. Therefore, cloud solution sustainability with respect to infrastructure is expected to become a major trend by 2025. Well-established cloud service providers continue to focus on cutting their global emissions as they tap the green data centers making use of renewable energy such as wind and solar installations. While some leading technology firms use renewable energy sources in their data centers, others have committed to achieving carbon negativity by the year 2030. Nasscom Community went on to add that firms will look for cloud service providers that have solid sustainable solutions, such as carbon neutrality in computing strategies on corporate responsibility programs. Amidst these trends, let us now have a look at the 8 Cloud Computing Stocks Under $10 <img class="wp-image-1208600 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/20212555/DOCN-insidermonkey-1697851552871.jpg" alt="8 Cloud Computing Stocks Under $10" width="1456" height="816" /> A close up view of a laptop computer, the cloud computing platform displayed on the screen. Our Methodology To list the 8 Cloud Computing Stocks Under $10, we used a screener and online rankings to extract the list of companies belonging to the cloud computing industry. After getting an initial list of 20-25 stocks, we filtered out the ones trading below $10. Finally, the stocks were ranked in ascending order of their hedge fund sentiments, as of Q3 2024. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <h2 style="text-align: justify;">8 Cloud Computing Stocks Under $10</h2> <h3 style="text-align: justify;">8) Kingsoft Cloud Holdings Limited (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/kingsoft%20cloud%20holdings%20limited/1795589/">KC</a>)</h3> Share Price as of November 26: $5.97 Number of Hedge Fund Holders: 5 Kingsoft Cloud Holdings Limited (NASDAQ:KC) provides a range of cloud services primarily in China. These services include IaaS, PaaS, and SaaS solutions. The company released its Q3 2024 results; wherein, its revenues went up by 16% YoY, led by high-quality business, such as AI. Kingsoft Cloud Holdings Limited (NASDAQ:KC)’s Chief Executive added that the AI business expanded to RMB362 million, making up ~31% of public cloud revenue. Over the previous 5 consecutive quarters, AI revenue demonstrated triple-digit YoY growth. In Q3 2024, Kingsoft Cloud Holdings Limited (NASDAQ:KC) saw a whopping 6.9-fold increase compared to last year, surpassing the industry’s growth. Furthermore, the expansion of AI revenues and efficient cost-control measures aided its gross margins. Wall Street remains optimistic about Xiaomi and the Kingsoft Ecosystem. Kingsoft Cloud Holdings Limited (NASDAQ:KC)’s ecosystem benefits from Xiaomi's EV ventures via strategic collaborations that integrate cloud computing and AI technologies into Xiaomi's growing smart ecosystem. Xiaomi's EV strategy leverages advanced technologies, including AI-driven autonomous driving systems and smart cabin features. These require robust cloud and AI infrastructure- areas where Kingsoft Cloud Holdings Limited (NASDAQ:KC) has expertise. This should further fuel Kingsoft Cloud Holdings Limited (NASDAQ:KC)’s top line by creating new opportunities to expand the services in high-value verticals such as EVs. Also, it further embeds itself in Xiaomi's broader ecosystem. As per Wall Street, the shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) have an average price target of $41.83. <h3 style="text-align: justify;">7) Rumble Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/rumble%20inc/1830081/">RUM</a>)</h3> Share Price as of November 26: $7.04 Number of Hedge Fund Holders: 6 Rumble Inc. (NASDAQ:RUM) operates an online video network platform. The company also offers cloud infrastructure solutions, including hosting capabilities for other companies. Rumble Cloud is a cloud infrastructure that provides a range of cloud-based solutions like virtual machines, and virtual private cloud services, among others. Rumble Cloud competes with renowned cloud infrastructure companies such as Amazon and Microsoft. However, Rumble Inc. (NASDAQ:RUM)'s commitment to a free and open internet should continue to act as a competitive edge. Rumble Cloud continues to grow and has been gaining traction. On October 15, the company announced that online retailer, Sticker Mule, will become its client. As a part of this agreement, the retailer plans to move its Al processing to the Rumble Cloud, utilizing Rumble Inc. (NASDAQ:RUM)'s existing Nvidia H100 inventory to run its workloads. Because of this new win, Wall Street analysts believe that the company might establish a significant revenue stream that will complement its video-sharing platform. In August, Rumble Inc. (NASDAQ:RUM) also announced that the Miami Dolphins had added Rumble Cloud to its infrastructure. This further validates the company's cloud infrastructure offering and highlights its scaling initiatives. Industry experts opine that its cost-effective, high-performing cloud services business should be the key driver to attract some large enterprise and government clients.  <h3 style="text-align: justify;">6) Upland Software, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/upland%20software%20inc/1505155/">UPLD</a>)</h3> Share Price as of November 26: $3.87 Number of Hedge Fund Holders: 10 Upland Software, Inc. (NASDAQ:UPLD) offers cloud-based software applications that enable its customers to drive digital transformation. The company derives its subscription revenue from fees paid by the customers for using its cloud-based applications. In Q3 2024, Upland Software, Inc. (NASDAQ:UPLD)’s subscription and support revenues comprised 96% of the total revenues. The company welcomed 122 new customers in the quarter, including 18 new major customers. It expanded relationships with 312 existing customers, 27 of which were major expansions. These new and expanded relationships were seen throughout its portfolio. For Q4 2024, Upland Software, Inc. (NASDAQ:UPLD) expects adjusted EBITDA in the range of $13.4 million and $16.4 million, for an adjusted EBITDA margin of 22% at the midpoint. This Adjusted EBITDA guide at the midpoint reflects an increase of 6% YoY. The annual costs will continue to decrease as Upland Software, Inc. (NASDAQ:UPLD) targets increased EBITDA. Moreover, investments in customer success should continue to drive higher renewal rates and product utilization. The company announced the availability of Upland BA Insight for Microsoft Azure AI Search in the Microsoft Azure Marketplace. Upland BA Insight's AI-powered content search brings intelligent search capabilities to the everyday hunt for relevant results. This aligns with a broader push to enhance the Upland Software, Inc. (NASDAQ:UPLD)’s product suite's relevance in modern enterprise environments. The company’s acquisition strategy remains key to its growth as it targets businesses with established cloud-native products and significant client bases. Upland Software, Inc. (NASDAQ:UPLD)’s acquisition of Qvidian Corporation and RO Innovation strengthens its sales productivity portfolio. While Qvidian supports RFP response automation, RO Innovation emphasizes customer reference management. The average 12-month price target on the shares of Upland Software, Inc. (NASDAQ:UPLD) is $5.00, as per Wall Street.  <h3 style="text-align: justify;">5) Rackspace Technology, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/rackspace%20technology%20inc/1810019/">RXT</a>)</h3> Share Price as of November 26: $2.64 Number of Hedge Fund Holders: 13 Rackspace Technology, Inc. (NASDAQ:RXT) is a provider of end-to-end multi-cloud technology services. The company designs, builds, and operates its customers' cloud environments across technology platforms. It helps businesses optimize their use of cloud technologies. While Rackspace Technology, Inc. (NASDAQ:RXT) expects a 30% YoY revenue growth in its healthcare Private Cloud business for fiscal 2024, analysts are optimistic about a significant milestone in this business as the company saw a major healthcare provider migration. The company announced deploying an Epic Electronic Health Record (EHR) system for AdventHealth on its Healthcare Cloud platform. To be precise, Rackspace Technology, Inc. (NASDAQ:RXT) is fully hosting and managing the Epic environment and 9 other strategic applications in the AdventHealth IT portfolio. This development indicates that the company remains focused on the healthcare and BFSI sectors. Also, it expects these verticals to account for one-third of total revenue by fiscal 2024. This means that it is targeting a service-led approach. Rackspace Technology, Inc. (NASDAQ:RXT) continues to grow its service offerings, like its launch of GPU-as-a-service powered by Nvidia. This initiative aims to address the increased demand for high-performance computing resources, which remains important as cloud services continue to evolve and more industries decide to go for specialized infrastructure. As per Wall Street analysts, the shares of Rackspace Technology, Inc. (NASDAQ:RXT) have an average price target of $2.89.  <h3 style="text-align: justify;">4) Fastly, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/fastly%20inc/1517413/#google_vignette">FSLY</a>)</h3> Share Price as of November 26: $7.95 Number of Hedge Fund Holders: 14 Fastly, Inc. (NYSE:FSLY) is a cloud computing services provider specializing in content delivery networks (CDNs), edge computing, and internet security solutions. It allows its customers to run custom applications directly on its edge servers, enabling them to perform complex tasks like personalization and data analysis. Wall Street believes that the company is well-placed for sustainable growth in 2025. With the company's competitor going bankrupt (Edgio), experts believe that Fastly, Inc. (NYSE:FSLY) should see growth over the upcoming quarters. The company's Chief Executive has also highlighted that some accounts have shifted traffic towards Fastly, Inc. (NYSE:FSLY). This was seen primarily in overlapping accounts where the transition was straightforward. Oppenheimer believes that Fastly, Inc. (NYSE:FSLY) should be the biggest beneficiary of this shutdown. While Akamai announced that it is the winning bidder to acquire select assets from Edgio, analysts believe that Fastly, Inc. (NYSE:FSLY) can capture a chunk of other customers or ~$20 million - $60 million of incremental revenue run rate. As a result of the shutdown, the industry has been consolidated into 3 players, with Fastly the premium one, as per Oppenheimer. In Q3 2024, the company's top 10 customers made 33% of revenue as compared to 40% in Q3 2023. The acceleration in growth outside the top 10 was stronger than expected and Fastly, Inc. (NYSE:FSLY) believes this growth to be sustainable. The company targets to bring the top 10 concentration to 30%.  <h3 style="text-align: justify;">3) Yext, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/yext%20inc/1614178/">YEXT</a>)</h3> Share Price as of November 26: $8.33 Number of Hedge Fund Holders: 20 Yext, Inc. (NYSE:YEXT) is a technology company that specializes in digital knowledge management and search solutions. It operates the Yext platform, which is a cloud-based platform allowing its customers to provide answers to consumer questions, control the facts about their businesses and the content of their landing pages, and manage their consumer reviews. Wall Street analysts remain optimistic about Yext, Inc. (NYSE:YEXT)’s acquisition of Hearsay Systems. With Hearsay Systems now part of Yext, Inc. (NYSE:YEXT), the latter is well-positioned to accelerate innovation, provide unparalleled solutions, and drive growth for its customers. Yext, Inc. (NYSE:YEXT) remains focused on opportunities for upselling within Hearsay's customer base and exploring revenue synergies and cost efficiencies following the integration. Also, Yext is adapting to market dynamics as it shifts to usage-based pricing on the third-party reseller side and is committed to creating long-term value, further strengthening its position as a cloud-based platform. The usage-based pricing means that resellers of the company’s services will be charged based on how much of a particular service or resource their end clients use, instead of a fixed subscription or flat-rate fee. The usage-based pricing will give Yext, Inc. (NYSE:YEXT) a competitive edge. As the only end-to-end digital presence platform in the market, Yext, Inc. (NYSE:YEXT) remains uniquely positioned to leverage its combined capabilities to accelerate the pace of innovation and deliver additional value. Yext, Inc. (NYSE:YEXT) announced the launch of Yext Social, which is a major expansion of the Yext platform. Yext Social expands its product portfolio, offering an AI-powered social media management solution supporting multi-location brands in managing their digital presence throughout social channels. This addition further strengthens Yext, Inc. (NYSE:YEXT)’s position in the cloud-based industry.  <h3 style="text-align: justify;">2) Sprinklr, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/sprinklr%20inc/1569345/#google_vignette">CXM</a>)</h3> Share Price as of November 26: $8.18 Number of Hedge Fund Holders: 24 Sprinklr, Inc. (NYSE:CXM) offers enterprise cloud software products worldwide. It operates the Unified Customer Experience Management platform, a software enabling customer-facing teams to collaborate throughout internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences. Sprinklr, Inc. (NYSE:CXM)’s product portfolio, which includes unified customer experience management (Unified-CXM) solutions, places it well to capitalize on increasing demand for integrated customer engagement platforms. Sprinklr, Inc. (NYSE:CXM)’s ability to offer cloud-oriented AI-powered insights throughout various customer touchpoints should act as a key differentiator in a competitive landscape. Despite the challenging environment, Sprinklr, Inc. (NYSE:CXM) continues to add new customers, such as UBS, Ford, T-Mobile, Grupo Bimbo, and Planet Fitness. The company has 145 customers contributing $1 million or more in subscription revenue, reflecting a rise of 21% YoY. Given its focus on targeting large enterprises, Sprinklr, Inc. (NYSE:CXM) provides premium-priced, customizable solutions that generate recurring revenue via subscription models. This strategy should continue to help it build a robust client base. The company has been enhancing its offerings in the Contact Center-as-a-Service (CCaaS) space, a rapidly growing sector. CCaaS is a part of its unified CXM platform, that integrates contact center functionality with broader customer engagement capabilities. It continues to invest in its CCaaS delivery capabilities considering the growth opportunities in this market. Sprinklr, Inc. (NYSE:CXM) expects services gross margins to decline in Q3 2025 to approximately negative 15%. As it gains scale in CCaaS, it will focus on billing rates and utilization, improving services gross margins.  <h3 style="text-align: justify;">1) Alight, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/alight%20inc%20%20delaware/1809104/">ALIT</a>)</h3> Share Price as of November 26: $8.02 Number of Hedge Fund Holders: 40 Alight, Inc. (NYSE:ALIT) is a leading cloud-based provider of integrated digital human capital and business solutions. Alight, Inc. (NYSE:ALIT) remains optimistic about its operational momentum heading into 2025. While the company expects full-year adjusted EBITDA of between $585 million - $610 million, it expects annual recurring revenue (ARR) bookings to grow by double digits in the latter half of the year. Alight, Inc. (NYSE:ALIT) expects a recovery in demand as it expands its client base. The company announced some critical wins in Q3 2024, with major clients like Hewlett Packard Enterprise, Nokia, and Siemens, indicating healthy market momentum. Alight, Inc. (NYSE:ALIT) completed its cloud migration, which should drive ongoing savings and improve user experience. The company’s new cloud-based foundation creates a connected ecosystem that drives innovation, enhances availability and security, and improves performance, all within a streamlined infrastructure. The transition is expected to result in $75 million of annualized savings. Alight, Inc. (NYSE:ALIT) is now well-positioned to deliver enhanced performance and increased capacity throughout the Alight Worklife platform. The company expects strong demand for its integrated platform, which should drive user engagement and experience. Alight, Inc. (NYSE:ALIT)’s go-to-market strategy has been enhanced, with a strong focus on enterprise sellers and domain experts. <a href="https://www.insidermonkey.com/institutional-investor/polen-capital-management-llc/1983734/">Polen Capital</a>, an investment management company, released its Q3 2024 investor letter. <a href="https://www.insidermonkey.com/blog/heres-why-polen-u-s-small-company-growth-strategy-exited-its-position-alight-alit-1392873/">Here</a> is what the fund said: <blockquote> “We exited four positions during the quarter, including SiTime, AppFolio, RH, Doximity, and Alight, Inc. (NYSE:ALIT). Our position in Alight, a benefits outsourcing and business process-as-a-service company, was an unsuccessful investment. We decided to move on due to activist pressure that led to a breakup of the business. We were dissatisfied with both the plan and the new standalone business. This culminated with the CEO leaving and uncertainty over the company’s long-term strategic direction. As a result, we felt it was time to move on with better investment ideas in our pipeline.” </blockquote> While we acknowledge the potential of ALIT as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than ALIT but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-9/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. ]]></content:encoded> </item> <item> <title>Alphabet (GOOG) Partners with Digital Promise: Advancing AI-Powered Education Tools</title> <link>https://www.insidermonkey.com/blog/alphabet-goog-partners-with-digital-promise-advancing-ai-powered-education-tools-1398394/</link> <pubDate>Wed, 27 Nov 2024 20:09:43 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398394</guid> <description><![CDATA[We recently published a list of 15 AI News Updates Wall Street Is Monitoring. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOG) stands against other AI news updates that Wall Street is monitoring. AI companies in the United States, many of whom have extensive business relations in China, […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/15-ai-news-updates-wall-street-is-monitoring-2-1398174/">15 AI News Updates Wall Street Is Monitoring</a>. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOG) stands against other AI news updates that Wall Street is monitoring. AI companies in the United States, many of whom have extensive business relations in China, are waiting anxiously for President-elect Donald Trump to assume office and announce possible changes to American policies towards China that will provide greater clarity on future US trade with the Asian country. Top executives from US-based firms were in China recently to meet with Chinese business leaders amid rumors of a massive spike in tariffs on goods being imported to Washington from Beijing. Latest reports from news platform Axios contend that Donald Trump is considering the appointment of an AI czar in the White House to coordinate federal policy and governmental use of artificial intelligence Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. Per the report, billionaire Elon Musk, who has publicly backed Trump during the 2024 election and is rumored to have a key influence over the President-elect on AI policy, will not be the AI czar. However, the report adds that Musk is nevertheless expected to be involved in shaping the future of the debate and use cases related to AI. xAI, the AI startup Musk founded in 2023, recently raised $5 billion in a funding round. The latest round of funding brought the valuation of the startup to over $50 billion. xAI is competing with OpenAI, the ChatGPT maker with a valuation of more than $157 billion. READ ALSO: <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1195727 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/19154206/GOOG-insidermonkey-1695152524688.jpg" alt="Alphabet (GOOG) Partners with Digital Promise: Advancing AI-Powered Education Tools" width="1456" height="816" /> A laptop and phone open to Google's services in an everyday setting. <h3 style="text-align: justify;">Alphabet Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/alphabet%20inc/1288776/">GOOG</a>)</h3> Number of Hedge Fund Holders: 160 Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. On November 26, the company announced that it would be partnering with a global non-profit named Digital Promise to co-design and establish frameworks for evaluating AI-powered learning tools. Per the tech giant, the partnership aims to address key challenges in education by creating trusted, research-backed technologies that meet the needs of educators and students. Overall, GOOG ranks 5th on our list of AI news updates Wall Street is monitoring. While we acknowledge the potential of GOOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOG but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Meta Platforms (META) and Orange Partner with OpenAI: Bridging Language Gaps with AI in West Africa</title> <link>https://www.insidermonkey.com/blog/meta-platforms-meta-and-orange-partner-with-openai-bridging-language-gaps-with-ai-in-west-africa-1398396/</link> <pubDate>Wed, 27 Nov 2024 20:07:54 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398396</guid> <description><![CDATA[We recently published a list of 15 AI News Updates Wall Street Is Monitoring. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other AI news updates that Wall Street is monitoring. AI companies in the United States, many of whom have extensive business relations in […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/15-ai-news-updates-wall-street-is-monitoring-2-1398174/">15 AI News Updates Wall Street Is Monitoring</a>. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other AI news updates that Wall Street is monitoring. AI companies in the United States, many of whom have extensive business relations in China, are waiting anxiously for President-elect Donald Trump to assume office and announce possible changes to American policies towards China that will provide greater clarity on future US trade with the Asian country. Top executives from US-based firms were in China recently to meet with Chinese business leaders amid rumors of a massive spike in tariffs on goods being imported to Washington from Beijing. Latest reports from news platform Axios contend that Donald Trump is considering the appointment of an AI czar in the White House to coordinate federal policy and governmental use of artificial intelligence Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. Per the report, billionaire Elon Musk, who has publicly backed Trump during the 2024 election and is rumored to have a key influence over the President-elect on AI policy, will not be the AI czar. However, the report adds that Musk is nevertheless expected to be involved in shaping the future of the debate and use cases related to AI. xAI, the AI startup Musk founded in 2023, recently raised $5 billion in a funding round. The latest round of funding brought the valuation of the startup to over $50 billion. xAI is competing with OpenAI, the ChatGPT maker with a valuation of more than $157 billion. READ ALSO: <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-940212 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2021/05/04172105/austin-distel-tLZhFRLj6nY-unsplash.jpg" alt="Meta Platforms (META) and Orange Partner with OpenAI: Bridging Language Gaps with AI in West Africa" width="1920" height="1280" /> Photo by austin-distel on Unsplash <h3 style="text-align: justify;">Meta Platforms, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/meta%20platforms%20inc/1326801/">META</a>)</h3> Number of Hedge Fund Holders: 235 Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. On November 26, French telecom firm Orange announced that it would be partnering with Meta and AI startup OpenAI to build custom AI models that can understand West African languages not understood by most conversational systems. Under the deal, the telecom firm plans to roll out AI models incorporating two West African regional languages, Wolof and Pulaar, in early 2025. Overall, META ranks 3rd on our list of AI news updates Wall Street is monitoring. While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Is Magnachip Semiconductor Corporation (MX) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-magnachip-semiconductor-corporation-mx-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398924/</link> <pubDate>Wed, 27 Nov 2024 20:05:31 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398924</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where Magnachip Semiconductor Corporation (NYSE:MX) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where Magnachip Semiconductor Corporation (NYSE:MX) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1205540" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/15084329/MX-insidermonkey-1697373807434.jpg" alt="" width="1456" height="816" /> A technician using a microscope to inspect a complex semiconductor structure. <h3 style="text-align: justify;">Magnachip Semiconductor Corporation (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/magnachip%20semiconductor%20corp/1325702/">MX</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 21 Magnachip Semiconductor Corporation (NYSE:MX) is a South Korean semiconductor firm that focuses on making and selling chips used in consumer-oriented products such as displays and smartphones. As of H1 2024, 74% of the firm's revenue came from selling analog devices that are used in power management. These products are used in industrial and consumer applications, and a sluggish Asian economy has meant that Magnachip Semiconductor Corporation (NYSE:MX) has struggled and its shares are down 49%. This weakness has been pronounced particularly due to the firm's reliance on ex-Korea Asia Pacific revenue which accounted for 57% of its H1 2024 sales and marked an 18% annual drop. Therefore, a recovery in the Asian economy and China should drive the hypothesis and create tailwinds for the shares. Another key aspect for firms like Magnachip Semiconductor Corporation (NYSE:MX) is their channel inventory. Here's what management shared on this front during the <a href="https://www.insidermonkey.com/blog/magnachip-semiconductor-corporation-nysemx-q3-2024-earnings-call-transcript-1383918/">Q3 2024 earnings call</a>: <blockquote> "The Industrial segment continued to see a strong rebound in solar. The issues of excess distributor and customer inventory in China now is behind us in this business segment. In addition to solar inverters, demand for solar pumps are expanding the range of applications we address. The Industrial segment also saw growth from additional design wins in the China lighting market with our sixth-generation Super-Junction devices. Finally, the shift to high-speed e-motors for scooters and motorcycles is leading to an increase in Bill-of-Material content and carries the potential for stronger growth. While a relatively smaller contributor to PAS, the Automotive segment continues to show strength. We are building upon our past success in Korea with additional design wins and production ramps for automotive customers in Japan and China." </blockquote> Overall MX ranks 1st on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of MX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MX but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-magnachip-semiconductor-corporation-mx-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398924/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Is GCT Semiconductor Holding, Inc. (GCTS) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-gct-semiconductor-holding-inc-gcts-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398921/</link> <pubDate>Wed, 27 Nov 2024 20:01:57 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398921</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where GCT Semiconductor Holding, Inc. (NYSE:GCTS) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where GCT Semiconductor Holding, Inc. (NYSE:GCTS) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1236957" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/12/12230747/ERH-insidermonkey-1702440465219.jpg" alt="" width="1456" height="816" /> A techie working at a server station in a telecommunications building. <h3 style="text-align: justify;">GCT Semiconductor Holding, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/gct%20semiconductor%20holding%20inc/1851961/">GCTS</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 13 GCT Semiconductor Holding, Inc. (NYSE:GCTS) makes and sells a variety of products used in the communications industry. These include 5G chips, radio frequency chips, and internet-of-things (IoT) products that are used in items such as wireless dongles and other gadgets. Consequently, GCT Semiconductor Holding, Inc. (NYSE:GCTS) has broad exposure to consumer spending, and a global consumer spending slowdown amidst inflation and economic turbulence hasn't translated well for the firm since its shares are down 64.7% since they started trading and by a whopping 94% since the post-SPAC peak. A slowing global economy is partly to blame for the firm's woes as well since by H1 2024 end, its revenue had dropped by 35.6%. Fueling the revenue drop is Asian economic weakness, as GCT Semiconductor Holding, Inc. (NYSE:GCTS)'s revenue in its key markets of South Korea and China dropped by 33% and 91% during the period. Therefore, a recovery in the Asian connectivity market and the proliferation of advanced technologies such as 5G are key to GCT Semiconductor Holding, Inc. (NYSE:GCTS) being able to generate tailwinds. Overall GCTS ranks 2nd on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of GCTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GCTS but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-gct-semiconductor-holding-inc-gcts-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398921/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Is indie Semiconductor, Inc. (INDI) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-indie-semiconductor-inc-indi-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398916/</link> <pubDate>Wed, 27 Nov 2024 19:58:44 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398916</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where indie Semiconductor, Inc. (NASDAQ:INDI) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where indie Semiconductor, Inc. (NASDAQ:INDI) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1205373" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/14214200/INDI-insidermonkey-1697334118407.jpg" alt="" width="1456" height="816" /> A semiconductor chip with intricate circuitry, highlighting the company's tech capabilities. <h3 style="text-align: justify;">indie Semiconductor, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/indie%20semiconductor%20inc/1841925/">INDI</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 12 indie Semiconductor, Inc. (NASDAQ:INDI) is a specialty semiconductor company that sells a variety of camera and image sensors. These include cameras and LiDAR sensors, and they provide the firm with exposure to the budding autonomous driving market. indie Semiconductor, Inc. (NASDAQ:INDI) benefits from its product diversification since cameras and LiDAR have divided the car industry. While Tesla and Elon Musk are adamant that cameras provide the better solution, other car and autonomous systems manufacturers are betting on LiDAR. However, its exposure to the car industry coupled with the fact that worrying news such as token management salaries have made indie Semiconductor, Inc. (NASDAQ:INDI)'s shares lackluster in 2024. The stock is down 29% year-to-date, but the firm's third-quarter earnings report marked a turnaround of sorts when the shares soared by 60% in the aftermath. This was on the back of several factors such as a 2025 guidance of $300 million for a 40% growth that met analyst estimates. However, with indie Semiconductor, Inc. (NASDAQ:INDI) having only $100 million in cash and $158 million in debt, the firm has to ensure it can generate sales or risk financial and share price trouble. Baron Funds mentioned indie Semiconductor, Inc. (NASDAQ:INDI) in its <a href="https://www.insidermonkey.com/blog/indie-semiconductors-indi-results-fell-short-of-estimates-1380079/">Q3 2024 investor letter</a>. Here is what the fund said: <blockquote> "Indie Semiconductor, Inc. (NASDAQ:INDI) is a fabless designer, developer, and marketer of automotive semiconductors for advanced driver assistance systems (ADAS) and connected car, user experience, and electrification applications. Indie’s stock fell during the quarter as it guided 2024 revenue growth below Street expectations, as auto production is expected to be incrementally worse, and excess inventory in the automotive supply chains of its customers has delayed indie’s new chips from ramping into high-volume programs. Despite these near-term headwinds, indie is outperforming peers who are seeing significant year-over-year sales declines. It has not suffered a program cancellation for any intact car programs, and it continues to win new sockets in future car platforms, positioning the company for strong growth over the medium and long term, supported by its $6.3 billion design win backlog, of which $4.6 billion is in ADAS applications. Indie has several large-volume programs set to ramp beginning in early 2025, including a marquee radar-related win, the biggest program in the company’s history, which we believe will drive a return to outsized growth in 2025 (indie doubled revenue each year from 2021 through 2023). We believe indie can continue to significantly outpace the broader industry and will approach $1 billion in revenue by the end of this decade, all supported by its contracted visibility, and its stock will re-rate as rapid growth returns.” </blockquote> Overall INDI ranks 3rd on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of INDI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than INDI but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-indie-semiconductor-inc-indi-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398916/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Is Valens Semiconductor Ltd. (VLN) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-valens-semiconductor-ltd-vln-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398913/</link> <pubDate>Wed, 27 Nov 2024 19:54:56 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398913</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where Valens Semiconductor Ltd. (NYSE:VLN) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where Valens Semiconductor Ltd. (NYSE:VLN) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1213982" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/31023025/VLN-insidermonkey-1698733822303.jpg" alt="Marvell Technology, Inc. (NASDAQ:MRVL) Rated 'Buy' as Analysts Forecast Strong Near-Term Potential, Earnings Watch Set for December" width="1456" height="816" /> A close-up of a digital circuit board with chips illuminated by LED lights. <h3 style="text-align: justify;">Valens Semiconductor Ltd. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/valence%20technology%20inc/885551/">VLN</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 12 Valens Semiconductor Ltd. (NYSE:VLN) is an Israeli semiconductor company that provides chips for autonomous driving, cables for long-distance video transmission, and other associated technologies. The fact that its shares are down 22.9% year-to-date is unsurprising given that for the first six months of 2024, Valens Semiconductor Ltd. (NYSE:VLN)'s revenue has dropped by 48%. This has come on the back of economic troubles in China and Europe, as the firm's products are dependent on the health of the electric vehicle industry and consumer spending. During H1 2023, 49% of Valens Semiconductor Ltd. (NYSE:VLN)'s revenue came from Germany, China, and Hungary. In H1 2024, the firm's sales in the three respective countries dropped by 75%, 27%, and 53%, respectively. As a result, economic recovery in these three countries is key to Valens Semiconductor Ltd. (NYSE:VLN)'s hypothesis, especially since 63% of its H1 2024 revenue was pending in the form of receivables from six customers. Overall VLN ranks 4th on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of VLN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than VLN but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-valens-semiconductor-ltd-vln-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398913/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Is AXT, Inc. (AXTI) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-axt-inc-axti-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398909/</link> <pubDate>Wed, 27 Nov 2024 19:51:45 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398909</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where AXT, Inc. (NASDAQ:AXTI) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where AXT, Inc. (NASDAQ:AXTI) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1212740" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/28210450/AXTI-insidermonkey-1698541488045.jpg" alt="" width="1456" height="816" /> A close-up of a technician's hands working on an advanced semiconductor substrate. <h3 style="text-align: justify;">AXT, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/axt%20inc/1051627/">AXTI</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 10 AXT, Inc. (NASDAQ:AXTI) is an upstream semiconductor firm that primarily makes and sells substrates. These products are used to manufacture chips on them, and AXT, Inc. (NASDAQ:AXTI)'s substrates revolve around communications, solar, robotics, and other associated applications. The stock has been on quite a ride this year. It fell by 37% in April after a research report alleged that the firm was facing tight financial conditions. AXT, Inc. (NASDAQ:AXTI)'s shares continued their downward momentum in November, as they fell by another 18% following a third-quarter revenue miss. While the firm raked in $23.6 million in revenue during Q3, analysts had expected it to bring in $25.5 million. Even though AXT, Inc. (NASDAQ:AXTI) is based in California, 99% of the firm's long-term assets are in China. Additionally, 50.6% of the firm's H1 2024 revenue came from the East Asian country, which creates a double-edged sword. While AXT, Inc. (NASDAQ:AXTI) can benefit from renewed Chinese focus on its domestic industry, the firm might also be caught in the crosshairs of geopolitical tensions between the US and China. AXT, Inc. (NASDAQ:AXTI)'s management shared details about the state of its Chinese market during the <a href="https://www.insidermonkey.com/blog/axt-inc-nasdaqaxti-q3-2024-earnings-call-transcript-1384544/">Q3 2024 earnings call</a>: <blockquote> "Overall, the market recovery is somewhat lumpy, particularly given the weak economic conditions in China. But new fiscal stimulus in China announced in September could provide a catalyst for a truly market environment. This will benefit demand across a broad based of applications, including power amplifiers, HPT applications for wireless switches, high-speed power industrial labels, and LEDs. We continue to be encouraged by our relatively new traction in HPT applications by bringing the learning from our product that’s advancing in our 8-inch gallium arsenide development to our 6-inch gallium arsenide wafer production." </blockquote> Overall AXTI ranks 5th on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of AXTI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AXTI but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-axt-inc-axti-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398909/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>15 Trending AI Stocks on Latest Ratings and News</title> <link>https://www.insidermonkey.com/blog/15-trending-ai-stocks-on-latest-ratings-and-news-2-1398859/</link> <pubDate>Wed, 27 Nov 2024 19:39:16 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[Hedge Funds]]></category> <category><![CDATA[Industries]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Tech]]></category> <category><![CDATA[15 Trending AI Stocks on Latest Ratings and News]]></category> <category><![CDATA[Advanced Micro Devices Inc. (NASDAQ:AMD)]]></category> <category><![CDATA[Alphabet Inc (NASDAQ:GOOG)]]></category> <category><![CDATA[Amazon.com Inc. (NASDAQ:AMZN)]]></category> <category><![CDATA[Analog Devices Inc. (NASDAQ:ADI)]]></category> <category><![CDATA[CrowdStrike Holdings Inc. (NASDAQ:CRWD)]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[Dell Technologies Inc. (NYSE:DELL)]]></category> <category><![CDATA[Equinix Inc (NASDAQ:EQIX)]]></category> <category><![CDATA[Headline]]></category> <category><![CDATA[Intel Corporation (NASDAQ:INTC)]]></category> <category><![CDATA[Meta Platforms Inc. (NASDAQ:META)]]></category> <category><![CDATA[Microsoft Corporation (NASDAQ:MSFT)]]></category> <category><![CDATA[NASDAQ:ADI]]></category> <category><![CDATA[NASDAQ:AMD]]></category> <category><![CDATA[NASDAQ:AMZN]]></category> <category><![CDATA[NASDAQ:CRWD]]></category> <category><![CDATA[NASDAQ:EQIX]]></category> <category><![CDATA[NASDAQ:GOOG]]></category> <category><![CDATA[NASDAQ:INTC]]></category> <category><![CDATA[NASDAQ:META]]></category> <category><![CDATA[NASDAQ:MSFT]]></category> <category><![CDATA[NASDAQ:NVDA]]></category> <category><![CDATA[NASDAQ:SMCI]]></category> <category><![CDATA[NASDAQ:SMTC]]></category> <category><![CDATA[NASDAQ:ZM]]></category> <category><![CDATA[NVIDIA Corporation (NASDAQ:NVDA)]]></category> <category><![CDATA[NYSE:DELL]]></category> <category><![CDATA[NYSE:TWLO]]></category> <category><![CDATA[Semtech Corporation (NASDAQ:SMTC)]]></category> <category><![CDATA[Super Micro Computer Inc. (NASDAQ:SMCI)]]></category> <category><![CDATA[Twilio Inc. (NYSE:TWLO)]]></category> <category><![CDATA[Zoom Video Communications Inc. (NASDAQ:ZM)]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398859</guid> <description><![CDATA[In this article, we discuss the 15 trending AI stocks on latest ratings and news. Latest reports indicate that billionaire Masayoshi Son, the founder of Japanese multinational tech firm Softbank, is set to meet Indian Prime Minister Narendra Modi. Per news agency Reuters, the meeting comes as Son eyes more artificial intelligence and technology bets […]]]></description> <content:encoded><![CDATA[In this article, we discuss the 15 trending AI stocks on latest ratings and news. Latest reports indicate that billionaire Masayoshi Son, the founder of Japanese multinational tech firm Softbank, is set to meet Indian Prime Minister Narendra Modi. Per news agency Reuters, the meeting comes as Son eyes more artificial intelligence and technology bets in the third-largest economy in Asia. Reuters further claims that Son already met Mukesh Ambani - the richest man in the South Asian country and the chief of prominent conglomerate Reliance Industries. According to sources quoted by Reuters, the duo discussed potential artificial intelligence opportunities in India. CNBC had earlier reported that Softbank is also exploring an additional $1.5 billion investment in AI startup OpenAI. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. Meanwhile, another billionaire on the other side of the world is mulling further investments in AI as well. Per a report by news publication The Wall Street Journal, xAI, the AI startup of billionaire Elon Musk, is considering the release of a standalone consumer application that follows the success of ChatGPT by OpenAI. The xAI application would be powered by the Grok bot that the startup is marketing. The app will likely arrive after xAI closes its next funding round, which could reach $5 billion and value the company at $50 billion, per the Financial Times. If successful in raising this amount, xAI would take total raised funding to $11 billion. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1231672 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/12/01061839/GRRR-insidermonkey-1701429517303.jpg" alt="15 Trending AI Stocks on Latest Ratings and News" width="1456" height="816" /> A data center filled with the latest servers and networking equipment representing the company's cutting edge security infrastructure. <h2 style="text-align: justify;">Trending AI Stocks on Latest Ratings and News</h2> <h3 style="text-align: justify;">15. Semtech Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/semtech%20corp/88941/">SMTC</a>)</h3> Number of Hedge Fund Holders: 32 Semtech Corporation (NASDAQ:SMTC) develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. On November 26, Roth MKM analyst Scott Searle raised the price target on the stock to $70 from $60 and kept a Buy rating on the shares. Semtech reported a modest beat for Q3, with a healthy guide up for Q4, but the headline number is Data Center, which was up 58% sequentially, driven by a continued recovery and early contribution from its ACC solution, the analyst told investors in a research note.  <h3 style="text-align: justify;">14. Super Micro Computer, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/analog%20devices%20inc/6281/">SMCI</a>)</h3> Number of Hedge Fund Holders: 33 Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. The company recently disclosed, in a filing with authorities, that two loan agreements it had with major financial institutions had been terminated. In an SEC filing, the firm revealed that it had prepaid and terminated loan agreements with Cathay Bank and Bank of America NA on Nov 20. Super Micro is well known for providing servers for NVIDIA Blackwell GPUs but has struggled recently amid a turbulent financial period. It also faces a potential delisting threat after failing to meet Nasdaq’s filing requirements.  <h3 style="text-align: justify;">13. Zoom Video Communications, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/zoom%20video%20communications%20inc/1585521/">ZM</a>)</h3> Number of Hedge Fund Holders: 39 Zoom Video Communications, Inc. (NASDAQ:ZM) provides a unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. On November 27, Mizuho raised the price target on the stock to $105 from $90 and kept an Outperform rating on the shares. Zoom reported strong fiscal Q3 results and continues to generate best-in-class profitability and cash flow as management executes towards an eventual revenue reacceleration, the advisory told investors in a research note. Longer-term, the advisory expects Zoom to leverage its large installed base to cross-sell Zoom Contact Center and begin monetizing its artificial intelligence functionalities with free-to-paid conversions.  <h3 style="text-align: justify;">12. Twilio Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/twilio%20inc/1447669/">TWLO</a>)</h3> Number of Hedge Fund Holders: 52 Twilio Inc. (NYSE:TWLO) provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. The company has been integrating artificial intelligence into its platform since last year and has also introduced several new features that leverage AI to help clients gain more business from customers. On November 27, Tigress Financial raised the price target on the stock to $135 from $85 and kept a Buy rating on the shares as its ongoing leverage of generational AI drives greater product functionality and customer adoption. The advisory believes AI-driven product functionality will continue to drive revenue growth and increase operating efficiencies, driving margin expansion and cash flow growth to continue accelerating business performance trends.  <h3 style="text-align: justify;">11. Equinix, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/equinix%20inc/1101239/">EQIX</a>)</h3> Number of Hedge Fund Holders: 55 Equinix, Inc. (NASDAQ:EQIX) is a California-based real estate trust that operates data centers and other technology assets. The company recently announced that it had signed a 10-year virtual power purchase agreement with renewable energy firm Neoen to supply 53 MW of solar power to support its facilities in Italy. Per the company, the agreement will see energy from Neoen’s seven solar sites in Northern Italy power Equinix data centres in Milan and Genoa.  <h3 style="text-align: justify;">10. Dell Technologies Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/dell%20technologies%20inc/1571996/">DELL</a>)</h3> Number of Hedge Fund Holders: 60 Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services. The company recently posted earnings for the third fiscal quarter, reporting earnings per share of $2.15, beating analyst expectations by $0.09. The revenue over the period was close to $24.4 billion, up more than 9% compared to the revenue over the same period last year but missing market expectations by $350 million.  <h3 style="text-align: justify;">9. Analog Devices, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/analog%20devices%20inc/6281/">ADI</a>)</h3> Number of Hedge Fund Holders: 63 Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. On November 27, Morgan Stanley analyst Joseph Moore lowered the price target on the stock to $248 from $252 and kept an Overweight rating on the shares. Analog reported an in-line October-end quarter and guided for a slightly softer than anticipated January quarter, notes the analyst. While Analog is past the trough and gets high scores for downcycle management, recovery from here is somewhat end-market dependent, the analyst added in a post-earnings note.  <h3 style="text-align: justify;">8. Intel Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/intel%20corp/50863/">INTC</a>)</h3> Number of Hedge Fund Holders: 68 Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. On November 26, investment advisory Citi maintained a Neutral rating on the stock with a price target of $22. In an investor note, the advisory detailed that Intel announced it received a $7.9 billion CHIPS Act grant from the US government, which is lower than the $8.5 billion previously announced due to perceived execution issues and the Ohio plant delay. Per the note, Intel is on track to draw even with TSMC in manufacturing in the second half of 2025, but Citi continues to doubt that foundry will work.  <h3 style="text-align: justify;">7. CrowdStrike Holdings, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/crowdstrike%20holdings%20inc/1535527/">CRWD</a>)</h3> Number of Hedge Fund Holders: 74 CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. The firm is harnessing artificial intelligence to streamline and strengthen cyber protection. On November 27, Needham raised the price target on the stock to $420 from $360 and kept a Buy rating on the shares. Crowdstrike outperformed all guided metrics in Q3, and Needham sees the relatively unchanged Gross Retention as supporting management's strategy, in addition to the broader company's execution in turning a crisis into an opportunity. At the same time, the advisory thinks management is appropriate in its tone that the company is navigating with reduced visibility.  <h3 style="text-align: justify;">6. Advanced Micro Devices, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/advanced%20micro%20devices%20inc/2488/">AMD</a>)</h3> Number of Hedge Fund Holders: 107 Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. Latest reports, published by tech news platform TechSpot, reveal that the chipmaker has been granted a new patent covering the use of glass core substrates, possibly for advanced multi-chiplet processors. Per the report, glass substrates serve as a base for semiconductor devices, enabling advanced packaging and interconnect solutions. Compared to silicon or organic substrates, glass offers superior thermal stability, reduced signal loss, and exceptional dimensional accuracy, making it ideal for high-frequency applications like 5G and AI processing, the report underlines.  <h3 style="text-align: justify;">5. Alphabet Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/alphabet%20inc/1288776/">GOOG</a>)</h3> Number of Hedge Fund Holders: 160 Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. On November 26, news publication Bloomberg reported that Google was struggling to watermark content to identify sources of origin as AI-generated deepfakes and misinformation went viral. The report added that Google, along with OpenAI, had been pushing cryptographic signatures to identify if someone tempered with the original content and help trace the editing history. However, people can easily remove such watermarks by taking screenshots of the content, the report underlined.  <h3 style="text-align: justify;">4. NVIDIA Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/nvidia%20corp/1045810/">NVDA</a>) </h3> Number of Hedge Fund Holders: 193 NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. On November 27, business news platform Nikkei Asia reported that NVIDIA suppliers were scrambling to prepare for the possibility that Donald Trump will follow through on his vow to slap a 25% tariff on all goods imported from Mexico. The North American country has emerged as a key production hub for server companies in the US that supply NVIDIA. Per the report, some companies are ramping up production capacity on American soil while others say they are pausing planned construction in Mexico.  <h3 style="text-align: justify;">3. Meta Platforms, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/meta%20platforms%20inc/1326801/">META</a>)</h3> Number of Hedge Fund Holders: 235 Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. On November 27, tech news platform Silicon Republic reported that a former executive at Meta had teamed up with a former Google executive to launch a new start-up that develops operating systems for AI agents. The startup has already raised nearly $50 million in a funding round, per the report. David Singleton, the former CTO of financial services firm Stripe, is also a partner.  <h3 style="text-align: justify;">2. Microsoft Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/microsoft%20corp/789019/">MSFT</a>)</h3> Number of Hedge Fund Holders: 279 Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. On November 27, Viz.ai, a company working on AI-powered disease detection and intelligent care coordination, announced that it would be partnering with Microsoft to deliver its AI models and care coordination solution with Precision Imaging Network, part of Microsoft Cloud for Healthcare. When combined, the two products deliver a comprehensive solution with more than 48 AI models tightly integrated into clinical workflows, providing actionable clinical insights to help improve patient outcomes.  <h3 style="text-align: justify;">1. Amazon.com, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/amazon%20com%20inc/1018724/">AMZN</a>)</h3> Number of Hedge Fund Holders: 286 Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. On November 27, India-based information technology company Tech Mahindra announced that it had signed a multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to develop an Autonomous Networks Operations Platform designed for Communication Service Providers (CSPs) and enterprise customers. Per the infotech firm, the platform would be built on artificial intelligence, machine learning, and generative AI services powered by AWS. While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Amazon.com, Inc. (NASDAQ:AMZN) but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. ]]></content:encoded> </item> <item> <title>15 AI Stocks on Wall Street’s Radar</title> <link>https://www.insidermonkey.com/blog/15-ai-stocks-on-wall-streets-radar-1398861/</link> <pubDate>Wed, 27 Nov 2024 19:33:52 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[Hedge Funds]]></category> <category><![CDATA[Industries]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Tech]]></category> <category><![CDATA[15 AI Stocks on Radar of Wall Street Analysts]]></category> <category><![CDATA[Advanced Micro Devices Inc. (NASDAQ:AMD)]]></category> <category><![CDATA[Alphabet Inc (NASDAQ:GOOG)]]></category> <category><![CDATA[Amazon.com Inc. (NASDAQ:AMZN)]]></category> <category><![CDATA[Analog Devices Inc. (NASDAQ:ADI)]]></category> <category><![CDATA[CrowdStrike Holdings Inc. (NASDAQ:CRWD)]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[Dell Technologies Inc. (NYSE:DELL)]]></category> <category><![CDATA[Equinix Inc (NASDAQ:EQIX)]]></category> <category><![CDATA[Headline]]></category> <category><![CDATA[Intel Corporation (NASDAQ:INTC)]]></category> <category><![CDATA[Iron Mountain Incorporated (NYSE:IRM)]]></category> <category><![CDATA[Meta Platforms Inc. (NASDAQ:META)]]></category> <category><![CDATA[Microsoft Corporation (NASDAQ:MSFT)]]></category> <category><![CDATA[NASDAQ:ADI]]></category> <category><![CDATA[NASDAQ:AMD]]></category> <category><![CDATA[NASDAQ:AMZN]]></category> <category><![CDATA[NASDAQ:CRWD]]></category> <category><![CDATA[NASDAQ:EQIX]]></category> <category><![CDATA[NASDAQ:GOOG]]></category> <category><![CDATA[NASDAQ:INTC]]></category> <category><![CDATA[NASDAQ:META]]></category> <category><![CDATA[NASDAQ:MSFT]]></category> <category><![CDATA[NASDAQ:NVDA]]></category> <category><![CDATA[NASDAQ:SMCI]]></category> <category><![CDATA[NASDAQ:SMTC]]></category> <category><![CDATA[NASDAQ:ZM]]></category> <category><![CDATA[NVIDIA Corporation (NASDAQ:NVDA)]]></category> <category><![CDATA[NYSE:DELL]]></category> <category><![CDATA[NYSE:IRM]]></category> <category><![CDATA[Semtech Corporation (NASDAQ:SMTC)]]></category> <category><![CDATA[Super Micro Computer Inc. (NASDAQ:SMCI)]]></category> <category><![CDATA[Zoom Video Communications Inc. (NASDAQ:ZM)]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398861</guid> <description><![CDATA[In this article, we discuss the 15 AI stocks on the radar of Wall Street analysts. Uber, the ride-hailing company that has yet to catch onto the AI boom, is reportedly expanding its fleet of gig workers for a new project aimed at AI annotation and data labeling. According to a report by news publication […]]]></description> <content:encoded><![CDATA[In this article, we discuss the 15 AI stocks on the radar of Wall Street analysts. Uber, the ride-hailing company that has yet to catch onto the AI boom, is reportedly expanding its fleet of gig workers for a new project aimed at AI annotation and data labeling. According to a report by news publication Bloomberg, the ride-hailing company has started hiring contractors for a new AI and data labeling division called Scaled Solutions. The report adds that these workers complete projects for internal business units at the ride hailing company but are also serving outside customers, including self-driving vehicle company Aurora Innovation and video game developer Niantic. The company has started recruiting contractors in countries including the US, Canada, and India, among others. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. Over the past few years, even though the firm is yet to launch an eye-catching AI product, it has incorporated AI internally to streamline operations. For example, the AI algorithms of the firm efficiently match riders with drivers to minimize waiting times and maximize driver utilization. These algorithms predict demand, analyze traffic patterns, and estimate trip durations to offer real-time ride assignments. Similarly, the company heavily invests in AI for self-driving car technology. AI systems in these vehicles process data from LiDAR, cameras, and sensors to navigate roads, identify objects, and make decisions in real time. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1218513 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/11/06202954/CLMB-insidermonkey-1699320592278.jpg" alt="15 AI Stocks on Radar of Wall Street Analysts" width="1456" height="816" /> A technician in a server room of a corporate office surrounded by servers and networking equipment. <h2>AI Stocks on Wall Street's Radar</h2> <h3 style="text-align: justify;">15. Iron Mountain Incorporated (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/iron%20mountain%20inc/1020569/">IRM</a>)</h3> Number of Hedge Fund Holders: 30 Iron Mountain Incorporated (NYSE:IRM) is a real estate investment trust that focuses on storage and information management services. It offers high-performance compute architecture to AI businesses. On November 27, RBC Capital raised the price target on the stock to $139 from $135 and kept an Outperform rating on the shares. The company's Q3 results met or bettered expectations on key financial metrics, the advisory told investors in a research note. RBC says Iron Mountain posted solid operating metrics across multiple business segments, and augmented its datacenter power bank.  <h3 style="text-align: justify;">14. Semtech Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/semtech%20corp/88941/">SMTC</a>)</h3> Number of Hedge Fund Holders: 32 Semtech Corporation (NASDAQ:SMTC) develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. On November 26, Benchmark raised the price target on the stock to $82 from $56 and kept a Buy rating on the shares following solid fiscal Q3 earnings and guidance. Semtech is forecasting Q4 sales that handily beat the Street consensus by $9 million, and its Q4 EPS projection of 32c also nicely beat the Street's estimate by 6c, the advisory told investors in a research note.  <h3 style="text-align: justify;">13. Super Micro Computer, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/analog%20devices%20inc/6281/">SMCI</a>)</h3> Number of Hedge Fund Holders: 33 Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. The stock was among the only prominent server firms that managed to rise in premarket trading as rival Dell reported third quarter earnings that fell short of market expectations. Dell shares fell 12%, while shares of other server companies like HPQ and HPE also registered downward. However, SMCI, buoyed by the submission of a recent compliance plan to Nasdaq, managed to rise by 2.5%.  <h3 style="text-align: justify;">12. Zoom Video Communications, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/zoom%20video%20communications%20inc/1585521/">ZM</a>)</h3> Number of Hedge Fund Holders: 39 Zoom Video Communications, Inc. (NASDAQ:ZM) provides a unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Following third quarter earnings results, the firm announced it is rebranding as AI-first platform. On November 27, Barclays analyst Ryan MacWilliams raised the price target on the stock to $85 from $70 and kept an Equal Weight rating on the shares. While investors have more confidence that Zoom has found stabilization within its core business, they wanted a stronger revenue or operating margin beat in Q3, the advisory told investors in a research note.  <h3 style="text-align: justify;">11. Equinix, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/equinix%20inc/1101239/">EQIX</a>)</h3> Number of Hedge Fund Holders: 55 Equinix, Inc. (NASDAQ:EQIX) is a California-based real estate trust that operates data centers and other technology assets. Fiona Mark, an analyst at IT company Forrester, recently spoke to tech news platform Network World and addressed the recent reports that Equinix would be laying off employees even as it intends to invest up to $15 billion in new infrastructure to support AI. Per the analyst, there were mixed signals being received overall from the tech labor market, and the domain was becoming more difficult for those without AI skills. Mark noted that this was one of the reasons for the higher layoff potential in the tech labor world.  <h3 style="text-align: justify;">10. Dell Technologies Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/dell%20technologies%20inc/1571996/">DELL</a>)</h3> Number of Hedge Fund Holders: 60 Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services. On November 27, Mizuho analyst Vijay Rakesh lowered the price target on the stock to $150 from $155 and kept an Outperform rating on the shares following the earnings report. The advisory still sees Dell as well-positioned with its artificial intelligence server share and PC refresh cycle tailwinds into 2025, the analyst told investors in a research note.  <h3 style="text-align: justify;">9. Analog Devices, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/analog%20devices%20inc/6281/">ADI</a>)</h3> Number of Hedge Fund Holders: 63 Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. On November 27, Truist lowered the price target on the stock to $227 from $233 and kept a Hold rating on the shares. Truist says it's tough to get excited about buying the stock here, even though the advisory loves the company. Analog Devices beat above-seasonal expectations for Q3 on both revenue and EPS, but January guidance is mixed versus consensus, the advisory says.  <h3 style="text-align: justify;">8. Intel Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/intel%20corp/50863/">INTC</a>)</h3> Number of Hedge Fund Holders: 68 Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. News agency Reuters recently reported that the chipmaker could be one of those impacted by a recent decision of the South Korean government to begin providing about $10 billion in low-interest loans next year to boost its chip industry. Per the report, the loans will be rolled out via state-run banks and include finances to install power transmission lines to support companies at a new chip complex. As Intel struggles, South Korea is building a complex in Yongin and Pyeongtaek, near Seoul, calling it the world's largest high-tech chip making cluster in an attempt to woo chip equipment and fabless companies.  <h3 style="text-align: justify;">7. CrowdStrike Holdings, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/crowdstrike%20holdings%20inc/1535527/">CRWD</a>)</h3> Number of Hedge Fund Holders: 74 CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. The firm is harnessing artificial intelligence to streamline and strengthen cyber protection. On November 27, BMO Capital raised the price target on the stock to $380 from $315 and kept an Outperform rating on the shares. Crowdstrike's results were reasonable, though net new annual recurring revenue upside and implied January quarter ARR likely fell slightly short of consensus expectations, the advisory tells investors in a research note. The ongoing headwinds from more customer commitment packages will likely move consensus ARR estimates lower for the next few quarters, but management continues to execute well, BMO says.  <h3 style="text-align: justify;">6. Advanced Micro Devices, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/advanced%20micro%20devices%20inc/2488/">AMD</a>)</h3> Number of Hedge Fund Holders: 107 Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. On November 26, the company announced the launch of the AMD Alveo V80 compute accelerator. Per the firm, the accelerator is aimed at optimizing memory-bound computing tasks in high-performance computing and artificial intelligence applications. According to the chipmaker, this new offering is tailored to meet the increasing demands of large dataset workloads, providing significant advancements in performance and scalability.  <h3 style="text-align: justify;">5. Alphabet Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/alphabet%20inc/1288776/">GOOG</a>)</h3> Number of Hedge Fund Holders: 160 Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. On November 27, IIMA Ventures, a non-profit organization based in India, announced that it had partnered with Google to boost 22 AI startups in the Asian country. Per the non-profit, the partnership aims to help early-stage startups harness AI to address global challenges across sectors like healthcare, climate, agriculture, education, financial inclusion, and infrastructure.  <h3 style="text-align: justify;">4. NVIDIA Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/nvidia%20corp/1045810/">NVDA</a>) </h3> Number of Hedge Fund Holders: 193 NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. On November 27, TF International Securities analyst Ming-Chi Kuo said in a post on publishing platform Medium that the tech industry was focusing on NVIDIA’s AI server and RTX 50 series supply chain. Per the analyst, Vishay, a semiconductor manufacturing firm, was the hidden winner of the focus. The analyst further added that Vishay had secured better-than-expected orders for NVIDIA's Blackwell AI servers and RTX 50 series graphics cards.  <h3 style="text-align: justify;">3. Meta Platforms, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/meta%20platforms%20inc/1326801/">META</a>)</h3> Number of Hedge Fund Holders: 235 Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. On November 26, tech news platform TechCrunch reported that Ai2, a nonprofit AI research organization, had released an open language model competitive with the Llama model of Meta. Per the report, OLMo 2, the second family of models in its OLMo series, can perform a range of text-based tasks, like answering questions, summarizing documents, and writing code.  <h3 style="text-align: justify;">2. Microsoft Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/microsoft%20corp/789019/">MSFT</a>)</h3> Number of Hedge Fund Holders: 279 Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. On November 27, the tech giant clarified on social networking platform X that it did not use customer data from Microsoft 365 applications to train AI models. The tech giant was responding to various posts from X users who had claimed that the company was using a default setting to get this data from user accounts. However, the company underlined that the setting in question only enabled features requiring internet access.  <h3 style="text-align: justify;">1. Amazon.com, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/amazon%20com%20inc/1018724/">AMZN</a>)</h3> Number of Hedge Fund Holders: 286 Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. On November 27, Redburn Atlantic raised the price target on the stock to $235 from $225 and kept a Buy rating on the shares. The market is turning attention to sustainable moats within the artificial intelligence ecosystem, and full-stack vertical integration stands out as a defining advantage, the advisory told investors in a research note. Redburn says Amazon Web Services continues to solidify its leadership in this area. With a strong networking backbone and increasingly competitive AI accelerators, AWS is rapidly advancing across the stack, contends Redburn. While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Amazon.com, Inc. (NASDAQ:AMZN) but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. ]]></content:encoded> </item> <item> <title>Why Is Navitas Semiconductor Corporation (NVTS) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-navitas-semiconductor-corporation-nvts-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398904/</link> <pubDate>Wed, 27 Nov 2024 19:32:11 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398904</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where Navitas Semiconductor Corporation (NASDAQ:NVTS) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where Navitas Semiconductor Corporation (NASDAQ:NVTS) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1212840" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/29074653/NVTS-insidermonkey-1698580010223.jpg" alt="" width="1456" height="816" /> Aerial view of a large solar panel array under construction in a rural China landscape. <h3 style="text-align: justify;">Navitas Semiconductor Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/navitas%20semiconductor%20corp/1821769/">NVTS</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 8 Navitas Semiconductor Corporation (NASDAQ:NVTS) is an American semiconductor company that specializes in designing and selling power management products. Its products are used across a variety of applications such as data centers, electric vehicles, and solar systems. As a result, if you followed the intro to this piece, you wouldn't be surprised to know that Navitas Semiconductor Corporation (NASDAQ:NVTS)'s shares are down 68% year-to-date. The firm has had a tough year which has seen it miss guidance estimates. Its third-quarter earnings marked the fourth consecutive time that it failed to meet its guidance. Consequently, Navitas Semiconductor Corporation (NASDAQ:NVTS)'s hypothesis is dependent on the recovery of power management demand in industrial markets and a broader economic recovery. Navitas Semiconductor Corporation (NASDAQ:NVTS)'s management shared insights about its market observations during the <a href="https://www.insidermonkey.com/blog/navitas-semiconductor-corporation-nasdaqnvts-q3-2024-earnings-call-transcript-1385426/">Q3 2024 earnings call</a>. Here is what they said: <blockquote> "We’ve also increased our organizational focus on our three most strategic markets. AI data center, mobile and EV. We believe these three markets utilizing our industry leading GaN and silicon carbide technology along with complementary silicon controllers and isolators will be our largest revenue drivers over the coming years. The technologies we create for these markets will have significant opportunities for cross selling into industrial, appliance, consumer, solar and energy storage markets. Looking forward, given continued softness in some of our end markets, combined with a couple of customer project delays, we anticipate a more muted outlook for the next couple of quarters. However, with the strength of our $1.6 billion plus customer pipeline and continued design win momentum, we expect solid growth to resume later next year. In addition, today’s announcements of our new low-voltage GaN technology, a dual sourcing partnership with Infineon and creation of a more efficient and focused organization all set Navitas on an improved path to growth and profitability." </blockquote> Overall NVTS ranks 6th on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of NVTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVTS but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-navitas-semiconductor-corporation-nvts-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398904/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>15 AI News You Should Not Ignore</title> <link>https://www.insidermonkey.com/blog/15-ai-news-you-should-not-ignore-2-1398862/</link> <pubDate>Wed, 27 Nov 2024 19:26:10 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[Hedge Funds]]></category> <category><![CDATA[Industries]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Tech]]></category> <category><![CDATA[15 AI News You Should Not Ignore]]></category> <category><![CDATA[Advanced Micro Devices Inc. (NASDAQ:AMD)]]></category> <category><![CDATA[Alphabet Inc (NASDAQ:GOOG)]]></category> <category><![CDATA[Amazon.com Inc. (NASDAQ:AMZN)]]></category> <category><![CDATA[Analog Devices Inc. (NASDAQ:ADI)]]></category> <category><![CDATA[CrowdStrike Holdings Inc. (NASDAQ:CRWD)]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[Dell Technologies Inc. (NYSE:DELL)]]></category> <category><![CDATA[Equinix Inc (NASDAQ:EQIX)]]></category> <category><![CDATA[Headline]]></category> <category><![CDATA[Intel Corporation (NASDAQ:INTC)]]></category> <category><![CDATA[Meta Platforms Inc. (NASDAQ:META)]]></category> <category><![CDATA[Microsoft Corporation (NASDAQ:MSFT)]]></category> <category><![CDATA[NASDAQ:ADI]]></category> <category><![CDATA[NASDAQ:AMD]]></category> <category><![CDATA[NASDAQ:AMZN]]></category> <category><![CDATA[NASDAQ:CRWD]]></category> <category><![CDATA[NASDAQ:EQIX]]></category> <category><![CDATA[NASDAQ:GOOG]]></category> <category><![CDATA[NASDAQ:INTC]]></category> <category><![CDATA[NASDAQ:META]]></category> <category><![CDATA[NASDAQ:MSFT]]></category> <category><![CDATA[NASDAQ:NVDA]]></category> <category><![CDATA[NASDAQ:SMCI]]></category> <category><![CDATA[NASDAQ:SMTC]]></category> <category><![CDATA[NASDAQ:SYM]]></category> <category><![CDATA[NASDAQ:ZM]]></category> <category><![CDATA[NVIDIA Corporation (NASDAQ:NVDA)]]></category> <category><![CDATA[NYSE:DELL]]></category> <category><![CDATA[Semtech Corporation (NASDAQ:SMTC)]]></category> <category><![CDATA[Super Micro Computer Inc. (NASDAQ:SMCI)]]></category> <category><![CDATA[Symbotic Inc. (NASDAQ:SYM)]]></category> <category><![CDATA[Zoom Video Communications Inc. (NASDAQ:ZM)]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398862</guid> <description><![CDATA[In this article, we discuss the 15 AI news you should not ignore. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. […]]]></description> <content:encoded><![CDATA[In this article, we discuss the 15 AI news you should not ignore. Even as the United States pursues a tougher trade policy towards China, the latest indication being the tightening of export restrictions on advanced AI chips, companies from the Asian country continue to debut on the US stock market with elevated investor interest. For example, Pony AI, a China-based autonomous vehicle technology company, recently held an initial public offering that saw shares jump 15% in the market debut, pushing the valuation of the firm to more than $5.25 billion. News agency Reuters reports that the successful debut also suggested a positive investor approach to China-based firms. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. The IPO price of the stock was $13 per share but the depositary shares opened at $15 in their Nasdaq debut, per the report. Even after the stellar debut, the new company faces several challenges, the report added, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Tesla which has promised to roll out driverless ride-hailing services to the public in California and Texas next year. The company has said that its US operations will remain limited in scope for the foreseeable future. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1215985 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/11/03001743/AAOI-insidermonkey-1698985061343.jpg" alt="15 AI News You Should Not Ignore" width="1456" height="816" /> A technician observing a complex fiber-optic networking set-up in a laboratory. <h2 style="text-align: justify;">AI News You Should Not Ignore</h2> <h3 style="text-align: justify;">15. Symbotic Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/symbotic%20inc/1837240/">SYM</a>)</h3> Number of Hedge Fund Holders: 15 Symbotic Inc. (NASDAQ:SYM) is an automation technology company that engages in developing technologies to improve operating efficiencies in modern warehouses. The AI business focuses on automating supply chain and warehouse operations. On November 27, KeyBanc analyst Ken Newman downgraded the stock to Sector Weight from Overweight following the company's announcement that it found additional accounting errors in its revenue recognition related to cost overruns. While the complete picture of the impact won't be available until the 10-K is officially filed in the next two weeks, the advisory says it gets the sense that this restatement is purely an accounting issue and not indicative of a change in customer behavior or order activity.  <h3 style="text-align: justify;">14. Semtech Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/semtech%20corp/88941/">SMTC</a>)</h3> Number of Hedge Fund Holders: 32 Semtech Corporation (NASDAQ:SMTC) develops, manufactures, and markets analog and mixed-signal semiconductors and advanced algorithms. On November 26, Piper Sandler analyst Harsh Kumar raised the price target on the stock to $75 from $60 and kept an Overweight rating on the shares. The advisory notes the company exceeded Street expectations on its Q3 results and January guidance. Trends continue to point to strong upticks in revenues driven primarily by the data center product portfolio, Piper added.  <h3 style="text-align: justify;">13. Super Micro Computer, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/analog%20devices%20inc/6281/">SMCI</a>)</h3> Number of Hedge Fund Holders: 33 Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. Even as the company faces a potential delisting on the Nasdaq stock exchange, hedge fund titans are loading up on the stock. Latest disclosures reveal that Ray Dalio of <a href="https://www.insidermonkey.com/hedge-fund/bridgewater-associates/72/">Bridgewater Associates</a> has upped the stake of his hedge fund in the server maker by 922% compared to the filings for the previous quarter. The present stake comprises over 1.6 million shares worth more than $67 million.  <h3 style="text-align: justify;">12. Zoom Video Communications, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/zoom%20video%20communications%20inc/1585521/">ZM</a>)</h3> Number of Hedge Fund Holders: 39 Zoom Video Communications, Inc. (NASDAQ:ZM) provides a unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Following third quarter earnings results, the firm announced it is rebranding as AI-first platform. On November 26, UBS analyst Karl Keirstead raised the price target on the stock to $90 from $75 and kept a Neutral rating on the shares. Zoom has conveyed a focus on growth acceleration, but it is not clear that the Q3 print will infuse confidence in a material acceleration in fiscal 2026, the analyst told investors in a research note. The outlook for Q4 revenue growth of 3% and the statement that 3% serves as an initial placeholder for FY26 growth likely won't fuel the bull case for a material growth inflection, even if Zoom is being a bit conservative, UBS argued.  <h3 style="text-align: justify;">11. Equinix, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/equinix%20inc/1101239/">EQIX</a>)</h3> Number of Hedge Fund Holders: 55 Equinix, Inc. (NASDAQ:EQIX) is a California-based real estate trust that operates data centers and other technology assets. As AI data center companies come under increased pressure to use sustainable energy sources for their data center power needs, Equinix recently announced that it had issued an additional €1.15B in green bonds, which builds on more than $750 billion offerings in green bonds that Equinix completed in September this year. With these latest issuances, Equinix will have issued a total of $6.9 billion of green bonds, making it a top 5 issuer of green bonds in the US. The firm said it will utilize the green bonds to further its sustainability initiatives and enhance the operational efficiency of its global business.  <h3 style="text-align: justify;">10. Dell Technologies Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/dell%20technologies%20inc/1571996/">DELL</a>)</h3> Number of Hedge Fund Holders: 60 Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services. On November 27, Citi lowered the price target on the stock to $156 from $160 and kept a Buy rating on the shares. The stock traded down 10% post earnings as reported revenue and guidance missed expectations, largely on artificial intelligence revenues and more tempered PC, the advisory told investors in a research note. However, Citi says Dell remains confident in continued growth drivers across all segments with a robust AI pipeline, mainstream server recovery gaining momentum, and a PC recovery taking hold.  <h3 style="text-align: justify;">9. Analog Devices, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/analog%20devices%20inc/6281/">ADI</a>)</h3> Number of Hedge Fund Holders: 63 Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. On November 27, Evercore ISI raised the price target on the stock to $280 from $254 and kept an Outperform rating on the shares. The advisory believes guidance contemplates a cautious supply chain, which has undergone seven quarters of inventory correction and is heading to below normal levels. This, combined with its view that Analog is shipping about 22% below consumption, leads the advisory to contend that the company should be set up for a material snapback in demand starting in the January or April-end quarter.  <h3 style="text-align: justify;">8. Intel Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/intel%20corp/50863/">INTC</a>)</h3> Number of Hedge Fund Holders: 68 Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Latest reports, published by news platform news 5 Cleveland, suggest that the Intel plant in Ohio, over which the firm broke ground more than two years ago, is set to be the receipt of $1.5 billion in federal funding through the close to $8 billion CHIPS Act grant recently provided to Intel. Per the federal authorities, the new plant will be functional by 2030. Analysts believe the delay in making the Ohio plant operational is one of the reasons why the initial $8.5 billion grant for Intel was reduced to below $8 billion.  <h3 style="text-align: justify;">7. CrowdStrike Holdings, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/crowdstrike%20holdings%20inc/1535527/">CRWD</a>)</h3> Number of Hedge Fund Holders: 74 CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. The firm is harnessing artificial intelligence to streamline and strengthen cyber protection. On November 27, Oppenheimer raised the price target on the stock to $410 from $365 and kept an Outperform rating on the shares. The advisory notes CrowdStrike reported a strong Q3, beating top-/bottom-line estimates, while maintaining strong gross retention and module adoption following the 7/19 outage. Oppenheimer expects the stock to remain range-bound until investors gain greater clarity around ARR comments.  <h3 style="text-align: justify;">6. Advanced Micro Devices, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/advanced%20micro%20devices%20inc/2488/">AMD</a>)</h3> Number of Hedge Fund Holders: 107 Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. A new report from tech news platform PC Watch shows that the latest chips developed by Zhaoxin, a Chinese joint venture between Via Technologies and Shanghai Municipal Government, are faster than their predecessors but lag years behind the technology of American chipmakers like AMD. Chinese and US firms are engaged in a battle for AI supremacy as the US government steps up efforts to restrict export of advanced chips to China, forcing Chinese businesses to turn to domestic manufacturers that are not equipped for the task.  <h3 style="text-align: justify;">5. Alphabet Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/alphabet%20inc/1288776/">GOOG</a>)</h3> Number of Hedge Fund Holders: 160 Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. On November 26, New York-based legal news service Law360 reported that the judge overseeing the search monopolization case against Google suggested in a DC federal court recently that artificial intelligence was shifting the market and would likely play a role in the remedies that the court imposed on Google allegedly violating antitrust laws in the country. The federal government is pursuing a breakup of Google in the case, pushing the tech giant to divest the Chrome browser business.  <h3 style="text-align: justify;">4. NVIDIA Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/nvidia%20corp/1045810/">NVDA</a>) </h3> Number of Hedge Fund Holders: 193 NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. Merely a few hours after Jenser Huang, the CEO of the firm, said that the chipmaker was working to certify the AI memory chips of Samsung, the South Korean electronics giant has announced that it would be replacing the heads of its memory and foundry semiconductor businesses. Samsung has struggled to keep pace with other chip firms in the race to develop AI chips in recent months, as rival Apple leaps ahead in the domain.  <h3 style="text-align: justify;">3. Meta Platforms, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/meta%20platforms%20inc/1326801/">META</a>)</h3> Number of Hedge Fund Holders: 235 Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. Under the global Llama 3.1 Impact Grants program, the company recently hosted the first Llama Hackathon in Austin. AI firms AITX and Cerebral Valley partnered with the tech giant in the initiative. Local news outlets reported that Meta also gave live demonstrations of the Ray-Ban Meta smart glasses and Meta Quest 3, both of which use Meta AI to serve consumers.  <h3 style="text-align: justify;">2. Microsoft Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/microsoft%20corp/789019/">MSFT</a>)</h3> Number of Hedge Fund Holders: 279 Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. On November 27, news platform CNBC reported that Japanese multinational Softbank was mulling a $1.5 billion investment in Microsoft-backed OpenAI through a new tender offer. Per the report, OpenAI employees will have the option of cashing out of their shares worth around $1.5 billion in a tender offer to SoftBank. The report further highlights that employees at the startup have till December 24 to decide on participating in the tender offer. Softbank recently invested $500 million in a $6 billion funding round for the AI startup that valued OpenAI at over $157 billion.  <h3 style="text-align: justify;">1. Amazon.com, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/amazon%20com%20inc/1018724/">AMZN</a>)</h3> Number of Hedge Fund Holders: 286 Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. On November 26, the company announced that AWS Partner Assistant, a generative AI–powered virtual assistant built on Amazon Q Business, was now available for partners in AWS Partner Central and the AWS Marketplace Management Portal. Per the tech giant, the assistant makes it easier to get quick answers to common questions. It reduces the need for manual searches by generating real-time guidance and concise summaries from guides and documentation, the firm added. While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Amazon.com, Inc. (NASDAQ:AMZN) but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. ]]></content:encoded> </item> <item> <title>Why Is Mobix Labs, Inc. (MOBX) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-mobix-labs-inc-mobx-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398900/</link> <pubDate>Wed, 27 Nov 2024 19:20:49 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398900</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where Mobix Labs, Inc. (NASDAQ:MOBX) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where Mobix Labs, Inc. (NASDAQ:MOBX) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1238347" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/12/15112129/KOSS-insidermonkey-1702657287443.jpg" alt="" width="1456" height="816" /> A technician wearing headphones assembling a computer headset in a lab. <h3 style="text-align: justify;">Mobix Labs, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/mobix%20labs%20inc/1855467/">MOBX</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 6 Mobix Labs, Inc. (NASDAQ:MOBX) is a California-based firm that sells communications products such as optical cables and 5G chips. Additionally, it is one of the fresh companies that went public through a special purpose acquisition company (SPAC). Mobix Labs, Inc. (NASDAQ:MOBX) completed its merger with Chavant in December, and throughout 2024, the firm has been selling its stock in private placements. This has led to a dilution of its equity, and Mobix Labs, Inc. (NASDAQ:MOBX)'s shares are down 73% year-to-date. On the financial front, its small size has enabled the company to post a sizable percentage of revenue growth. For the nine months ending on June 30, Mobix Labs, Inc. (NASDAQ:MOBX) has grown its revenue by 341% and recorded gains through changes in earnout liability to affect the bottom line profits. Overall MOBX ranks 7th on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of MOBX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MOBX but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-mobix-labs-inc-mobx-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398900/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>15 Buzzing AI Stocks Making Headlines</title> <link>https://www.insidermonkey.com/blog/15-buzzing-ai-stocks-making-headlines-1398411/</link> <pubDate>Wed, 27 Nov 2024 19:19:22 +0000</pubDate> <dc:creator>Ghazal Ahmed</dc:creator> <category><![CDATA[Hedge Funds]]></category> <category><![CDATA[Industries]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Tech]]></category> <category><![CDATA[15 AI Stocks to Watch: News and Analyst Ratings]]></category> <category><![CDATA[15 Buzzing AI Stocks Making Headlines]]></category> <category><![CDATA[9 Buzzing AI Stocks to Watch on Latest News]]></category> <category><![CDATA[Apple Inc. Apple Inc. (NASDAQ:AAPL)(NASDAQ:AAPL)]]></category> <category><![CDATA[AppLovin Corporation (NASDAQ:APP)]]></category> <category><![CDATA[Baidu Inc (NASDAQ:BIDU)]]></category> <category><![CDATA[Box Inc (NYSE:BOX)]]></category> <category><![CDATA[CrowdStrike Holdings Inc. (NASDAQ:CRWD)]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[Elastic N.V. (NYSE:ESTC)]]></category> <category><![CDATA[Headline]]></category> <category><![CDATA[Informatica Inc. (NYSE:INFA)]]></category> <category><![CDATA[Marvell Technology Inc. (NASDAQ:MRVL)]]></category> <category><![CDATA[NASDAQ:AAPL]]></category> <category><![CDATA[NASDAQ:APP]]></category> <category><![CDATA[NASDAQ:BIDU]]></category> <category><![CDATA[NASDAQ:CRWD]]></category> <category><![CDATA[NASDAQ:MRVL]]></category> <category><![CDATA[NASDAQ:PANW]]></category> <category><![CDATA[NASDAQ:PLTR]]></category> <category><![CDATA[NASDAQ:TSLA]]></category> <category><![CDATA[NYSE:BOX]]></category> <category><![CDATA[NYSE:CRM]]></category> <category><![CDATA[NYSE:ESTC]]></category> <category><![CDATA[NYSE:INFA]]></category> <category><![CDATA[NYSE:PERF]]></category> <category><![CDATA[NYSE:PINS]]></category> <category><![CDATA[NYSE:SNOW]]></category> <category><![CDATA[Palantir Technologies Inc (NASDAQ:PLTR)]]></category> <category><![CDATA[Palo Alto Networks Inc. (NASDAQ:PANW)]]></category> <category><![CDATA[Perfect Corp. (NYSE:PERF)]]></category> <category><![CDATA[Pinterest Inc. (NYSE:PINS)]]></category> <category><![CDATA[Salesforce Inc. (NYSE:CRM)]]></category> <category><![CDATA[Snowflake Inc (NYSE:SNOW)]]></category> <category><![CDATA[Tesla Inc. (NASDAQ:TSLA)]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398411</guid> <description><![CDATA[Power needs for artificial intelligence and cloud computing are expanding so rapidly that some data center campuses may use more electricity than entire cities, or even states, CNBC reports. Here is what Ali Fenn, president of Lancium, a company that secures land and power for data centers had to say about technology companies: “Technology companies […]]]></description> <content:encoded><![CDATA[Power needs for artificial intelligence and cloud computing are expanding so rapidly that some data center campuses may use more electricity than entire cities, or even states, CNBC reports. Here is what Ali Fenn, president of Lancium, a company that secures land and power for data centers had to say about technology companies: <blockquote> "Technology companies are in a “race of a lifetime to global dominance” in artificial intelligence. It’s frankly about national security and economic security. They’re going to keep spending because there’s no more profitable place to deploy capital”. </blockquote> READ NOW: <a href="https://www.insidermonkey.com/blog/15-ai-stocks-to-watch-news-and-analyst-ratings-1397196/">15 AI Stocks to Watch: News and Analyst Ratings</a> and <a href="https://www.insidermonkey.com/blog/9-buzzing-ai-stocks-to-watch-on-latest-news-1392509/">9 Buzzing AI Stocks to Watch on Latest News</a> As such, it is important to note that renewable energy isn’t going to be enough to meet their power needs. According to developers, natural gas will also have to play a role. In turn, this need will slow down the progress towards meeting carbon dioxide emission targets. Nat Sahlstrom, chief energy officer at Tract, a Denver-based company that secures land, infrastructure, and power resources for such facilities, further reveals how data center companies have already begun operating at a scale where they have started “tapping out against the existing utility infrastructure”. In other news, Uber is reportedly building a fleet of gig workers for labeling data for AI models. The new data labeling division, known as Scaled Solutions, will have workers complete projects for the company's internal business units as well as serve outside customers, including self-driving vehicle company Aurora Innovation and video game developer Niantic, according to a report from Bloomberg. The ride-hailing company has started recruiting contractors in countries including the U.S., Canada, and India, among others. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1211428" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/26220320/VWO-insidermonkey-1698372198366.jpg" alt="15 Buzzing AI Stocks Making Headlines" width="1456" height="816" /> A closeup of a person's hand managing a portfolio of stocks on a graphically rich financial app interface. <h3 style="text-align: justify;">15. Perfect Corp. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/perfect%20corp/1899830/">PERF</a>)</h3> Number of Hedge Fund Holders: 9 Perfect Corp. (NYSE:PERF) is a leader in AI and AR-powered beauty technology solutions. On November 25, Perfect Corp. (NYSE:PERF) announced that it has partnered with Holidermie, a leading French skincare brand. The partnership will be integrating Perfect Corp.’s dermatologist-verified Skincare Pro AI Skin Analysis into Holidermie’s flagship retail locations. Available through iPads at Holidermie's flagship store and Le Bon Marché Rive Gauche, customers will be able to enjoy AI-powered personalized skin care consultations like never before. The AI platform evaluates a customer on six key skin health indicators—including hydration, wrinkles, dark circles, acne, radiance & firmness, on order to deliver precise, high-resolution skin assessments. <blockquote> “With the Skincare Pro AI Skin Analysis, we’re introducing a transformative level of precision and personalization to the skincare shopping experience, especially in Paris’ iconic retail hubs. Our partnership with Holidermie embodies our commitment to combining cutting-edge technology with science-backed solutions to enhance the customer journey”. -Alice Chang, Founder and CEO of Perfect Corp. </blockquote> <h3 style="text-align: justify;">14. Informatica Inc. (NYSE:<a href="https://finance.yahoo.com/quote/INFA">INFA</a>)</h3> Number of Hedge Fund Holders: 22 Informatica Inc. (NYSE:INFA) is a leader in enterprise AI-powered cloud data management. On November 26, Informatica Inc. (NYSE:INFA) announced that Informatica’s senior leadership team will be hosting a “Technology Talk” webcast emphasizing modern cloud data architectures. The webcast will delve into the transformation from traditional data warehouses to modern cloud data infrastructures, and learn how Informatica's Intelligent Data Management Cloud™ platform (IDMC) drives the success of cloud data warehouses, lakes, and lake houses. The team will also be discussing the role IDMC plays in current and emerging cloud data technologies. The live video webcast will be hosted on Tuesday, December 17, 2024, at 8:30 a.m. Pacific Time.  <h3 style="text-align: justify;">13. Box, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/boxabl%20inc/1816937/">BOX</a>)</h3> Number of Hedge Fund Holders: 31 Box, Inc. (NYSE:BOX) empowers organizations of various sizes to manage and share their content from anywhere on any device. The cloud-based content services platform leverages artificial intelligence through its Box AI platform, positioning itself as a key player in the “intelligent content management” space. On November 26, JP Morgan revealed that it expects Box, Inc. to deliver a “consistent quarter” on a constant currency basis, with potential signs of growth picking up. Fiscal 2026 estimates will still be challenging to meet considering that a stronger US dollar complicates guidance expectations. Moreover, the firm remains positive on the company’s long-term potential as a key content platform connecting collaboration tools and enterprise applications. This positioning is significantly enhanced by the company's integration of artificial intelligence (AI) into its platform. The firm has an “Overweight” rating on the shares.  <h3 style="text-align: justify;">12. Palantir Technologies Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/palantir%20technologies%20inc/1321655/">PLTR</a>)</h3> Number of Hedge Fund Holders: 43 Palantir Technologies Inc. (NYSE:PLTR) is a leading provider of AI systems. On Monday, November 25, BofA analyst Mariana Perez Mora raised the firm’s price target on Palantir Technologies Inc. (NYSE:PLTR) to $75 from $55. According to the firm, Palantir has successfully been able to digitize everything from enterprises and battlespaces to finances and missile production. This has enabled the company to be “the enabler and winner in this new era” where efficiency, innovation, safety, and speed are the most valued assets, the analyst told investors. Palantir is also “poised to dominate”, considering software now makes 17% of US business investments, and since companies are increasingly relying on software and AI to boost profits instead of expanding their physical assets. <blockquote> “PLTR has demonstrated their ability to digitize enterprises and battlespaces from finances to missile production.” </blockquote>  <h3 style="text-align: justify;">11. Elastic N.V. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/elastic%20nv/1707753/">ESTC</a>)</h3> Number of Hedge Fund Holders: 47 On November 25, Elastic N.V. (NYSE:ESTC), known as the search-focused AI company, announced that it is expanding its partnership with Amazon Web Services. The expanded partnership will leverage AWS’s latest generative artificial intelligence (AI) services. Through the collaboration, Elastic N.V. (NYSE:ESTC) will be offering large language model (LLM) observability support for Amazon Bedrock in Elastic Observability. Amazon Bedrock is a fully managed service that builds generative AI applications with security, privacy, and responsible AI. Site Reliability Engineers (SREs) will be able to track insights into their Amazon Bedrock LLMs performance and usage; helping prevent issues and improve performance for their Amazon Bedrock-powered generative AI applications. Moreover, Elastic's AI Assistant, which is also powered by Amazon Bedrock, will offer insights, visualizations, and recommendations to help SREs solve problems. <blockquote> “As LLM-based applications are growing, it’s essential for developers and SREs to be able to monitor, optimize, and troubleshoot how they perform. Today’s integration simplifies the collection of metrics and logs from Amazon Bedrock, in turn streamlining the process of gaining valuable and actionable insights.” - Santosh Krishnan, general manager of Security and Observability Solutions at Elastic N.V. (NYSE:ESTC). </blockquote>  <h3 style="text-align: justify;">10. AppLovin Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/applovin+corp/1751008/">APP</a>)</h3> Number of Hedge Fund Holders: 51 AppLovin Corporation (NASDAQ:APP) is a leading marketing platform powered by AI technology. On November 25, Oppenheimer analyst Martin Yang raised the firm’s price target on AppLovin Corporation (NASDAQ:APP) to $480 from $260 and kept an “Outperform” rating on the shares. The company uses its AI-powered Axon engine to optimize ad delivery and targeting, enhancing the effectiveness of its e-commerce initiatives. The buy rating comes after the firm spoke with two experts who participated in the company’s e-commerce pilot. The experts shared positive feedback, highlighting that Applovin’s return on ad spend (ROAS) is on par with Meta‘s. The recent stock performance and e-commerce momentum are expected to drive further growth for the company in 2025. For all of these reasons, AppLovin Corporation (NASDAQ:APP) is one of the firm’s top picks.  <h3 style="text-align: justify;">9. Baidu, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/baidu%20inc/1329099/">BIDU</a>)</h3> Number of Hedge Fund Holders: 54 On November 22, Saiyi HE from CMB International Securities maintained a Buy rating on Baidu, Inc. (NASDAQ:BIDU) with a price target of $153.60. The company’s positive financial outlook and strong third-quarter results for 2024 have contributed to the buy rating. Although it will take time for its Gen-AI initiatives to monetize, its focus on improving products and user engagement lays a strong foundation for long-term growth. Baidu’s anticipated recovery in its Cloud revenue growth, driven by increased GPU cloud revenue and cross-selling opportunities, has also led to the buy rating. Although Baidu Core’s online ad revenue dipped a bit, it is expected to recover with support from macroeconomic environment improvements and future monetization of Gen-AI search results.  <h3 style="text-align: justify;">8. Palo Alto Networks, Inc. (NASDAQ:<a href="https://finance.yahoo.com/quote/PANW">PANW</a>)</h3> Number of Hedge Fund Holders: 64 Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity. On November 22nd, CMB International Securities analyst Saiyi HE maintained a “Buy” rating and set a price target of $464.40. The rating comes after the company’s strong financial performance and future potential. The financial results for the first fiscal quarter of 2025 were very impressive. The company reported 13.9% year-over-year revenue growth to $2.1 billion and a 17% increase in non-GAAP net income, surpassing market expectations. The company’s platformization strategy, aiming to bring customers to its unified AI-driven platform, has also had a positive impact and is already demonstrating success in subscription and support revenue. Upgraded FY25 guidance reflects confidence in continued growth.  <h3 style="text-align: justify;">7. Pinterest, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/pinterest+inc/1506293/">PINS</a>)</h3> Number of Hedge Fund Holders: 66 Pinterest, Inc. (NYSE:PINS) is a visual search and discovery platform powered by AI recommendation models. On November 26, TD Cowen analyst John Blackledge initiated coverage of Pinterest, Inc. (NYSE:PINS) with a “Buy” rating and a $38 price target. TD Cowen’s survey data shows Pinterest “over-indexes on product discovery use case relative to other Social Platforms, a tailwind for monetization". The analysts told in a research note that 44% of U.S. Pinterest users visit the platform to “find or shop for products”. This is double the same metric for other social networks like Reddit, Facebook, and Instagram. The firm also said that the company is now injecting billions of user actions into its artificial intelligence models for delivering more personalized and relevant content and ads.  <h3 style="text-align: justify;">6. Marvell Technology, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/marvell%20technology%20inc/1835632/">MRVL</a>)</h3> Number of Hedge Fund Holders: 70 Marvell Technology, Inc. (NASDAQ:MRVL is a fabless chipmaker that supports AI-optimized data centers through AI compute programs, interconnect switching, and storage solutions. On November 26, Oppenheimer analyst Rick Shafer raised the price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $110.00 from $90.00 and maintained an “Outperform” rating. Oppenheimer expects strong results for the current quarter and guidance for the next, driven by growth in custom computes and networking/optics. It also stated that CSP/hyperscale AI builds remain early innings. <blockquote> "MRVL reports Tuesday (12/3). We see upside to F3Q (Oct) print and F4Q (Jan) guide led by custom compute and networking/optics. CSP/hyperscale AI builds remain early innings. AI-related on track to surpass mgmt sales targets of $1.5B/$2.5B in CY24/CY25. Conversations reveal investors modeling $2B AI ASIC next year. We see MRVL’s four projects (Trainium, Inferentia, Axion, and Maia) potentially supporting revenues 2x that. Trainium alone could approach $2B, in our view. Trainium/Axion now ramping, Inferentia next year, Maia as early as 4Q25. 1.6T PAM4 DSP ramping, contribution $10Ms in F4Q; 1.6T/800G cross-over likely 1H CY26. We see 51.2T TL10 (ToR switch) sales also $10Ms in F4Q. Non-DC segments (carrier, enterprise, storage) expected to broadly improve, driving additional upside. We see GM 60%+/- long-term. MRVL’s structural growth, led by cloud DC AI, accelerating into CY25. We reiterate our Outperform rating. New target $110 (prior $90)”. </blockquote>  <h3 style="text-align: justify;">5. Snowflake Inc. (NYSE:<a href="https://finance.yahoo.com/quote/SNOW">SNOW</a>)</h3> Number of Hedge Fund Holders: 71 Snowflake Inc. (NYSE:SNOW) is an artificial intelligence data cloud company. On November 25, Wedbush upgraded Snowflake Inc. (NYSE:SNOW) to “Outperform” from Neutral with a $190 price target. The analyst told investors in a research note that it’s time for the broader software space to “get in on the AI party”, upgrading stocks such as Elastic, Palantir, and Salesforce alongside. Wedbush, bullish about the next phase of the artificial intelligence revolution, said that the enterprise consumption phase will begin in 2025 with the launch of large language models as use cases are “exploding”. The true adoption of generative AI will be a major catalyst for the software sector. In particular, Snowflake is well-placed to benefit from the increasing demand for AI-driven solutions.  <h3 style="text-align: justify;">4. CrowdStrike Holdings, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/crowdstrike%20holdings%20inc/1535527/">CRWD</a>)</h3> Number of Hedge Fund Holders: 74 CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in cloud-delivered endpoint and cloud workload protection. On November 25, Rosenblatt raised the firm’s price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $385 from $325 and kept a “Buy” rating on the shares. According to the firm’s analysis, customer confidence in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) remains unshaken despite challenges such as the July 19th system outage. Customer Commitment Packages (CCP) and Flex Pricing options are proving effective in customer retention for the AI-powered cybersecurity firm as well, despite the anticipated $60 million headwind in Annual Recurring Revenue (ARR) and overall revenue for the second half of 2025. The analyst also anticipates a moderate upside for the quarter and a slightly raised guidance.  <h3 style="text-align: justify;">3. Tesla, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/tesla+inc/1318605/">TSLA</a>)</h3> Number of Hedge Fund Holders: 99 Tesla is an American multinational automotive and clean energy company that integrates artificial intelligence to drive advancements in autonomous driving, robotics, and smart manufacturing. On Tuesday, November 26th, Tom Narayan from RBC Capital maintained a “Buy” rating on Tesla, Inc. (NASDAQ:TSLA) with a price target of $313.00. Elon Musk has previously expressed his hopes of launching a robotaxi service sometime in 2025. A recent job listing on Tesla’s career page reveals how the company is hiring a software engineer. The job would require helping develop a teleoperations system that will allow human operators to remotely access and control the company’s upcoming robotaxis and humanoid robots. Reports of the job listing surfaced on Monday, November 25th. According to Tesla's job listing, “our cars and robots operate autonomously in challenging environments. As we iterate on the AI that powers them, we need the ability to access and control them remotely”.  <h3 style="text-align: justify;">2. Salesforce, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/salesforce+inc/1108524/">CRM</a>)</h3> Number of Hedge Fund Holders: 116 Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that gained momentum with its AI-powered Agentforce platform. On November 25, Truist analyst Terry Tillman raised the firm’s price target on Salesforce Inc (NYSE:CRM) to $380 from $315 and kept a “Buy” rating on the shares. Truist is confident in the company’s steady earnings and cash flow growth after it attended the Salesforce Agentforce World Tour. The analyst told investors in a research note that the company’s new product catalysts and increased innovation cycle can potentially boost future revenue. He also emphasized the impact of Agentforce on the automation, healthcare, and contact center industries.  <h3 style="text-align: justify;">1. Apple Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/apple%20inc/320193/">AAPL</a>)</h3> Number of Hedge Fund Holders: 158 Apple Inc. (NASDAQ:AAPL) is a technology company that designs, manufactures, and markets smartphones, tablets, PCs, wearables, and accessories worldwide. Apple Intelligence is the company’s personal intelligence system. Erik Woodring from Morgan Stanley maintained a Buy rating on Apple, with a price target of $273.00, on Monday, November 25th. The firm states that its survey checks “reinforce [the] multi-year iPhone upgrade thesis.” A survey by the firm has found that 78% of potential buyers of AI-enabled iPhones would pay a monthly subscription, potentially boosting Apple’s services revenue by $7-14 billion by 2027. The company is also improving its position in China, despite Wall Street’s concerns about increasing smartphone competition from domestic players like Huawei. <blockquote> “Our 2024 AlphaWise Global Smartphone Survey confirms that iPhone upgrade rates are improving and Apple Intelligence is an emerging catalyst to iPhone upgrades, with broader availability key to unlocking pent-up demand globally”. -Morgan Stanley analyst. </blockquote> While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-10/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. ]]></content:encoded> </item> <item> <title>Why Is Sequans Communications S.A. (SQNS) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-sequans-communications-s-a-sqns-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398896/</link> <pubDate>Wed, 27 Nov 2024 19:16:14 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398896</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where Sequans Communications S.A. (NYSE:SQNS) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where Sequans Communications S.A. (NYSE:SQNS) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1223344" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/11/14160407/SQNS-insidermonkey-1699995844894.jpg" alt="Wolfspeed, Inc. (NYSE:WOLF) Struggles with Lower Revenue Guidance, Slowing EV Sales and Materials Division Issues Weigh on Growth" width="1456" height="816" /> A macro view of a 5G/4G chips and modules, displaying the cutting edge technology of the company. <h3 style="text-align: justify;">Sequans Communications S.A. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/sequans%20communications/1383395/">SQNS</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 6 Sequans Communications S.A. (NYSE:SQNS) is a French specialty semiconductor company. The firm makes and sells baseband chips, radio frequency transceivers, and systems-on-chips (SoCs) that are used in 4G and 5G networks and gadgets. As a result, the firm's performance depends on the health of the telecommunications and smartphone industries. Both of these are cyclical sectors and tend to perform well when the economy is robust. Since it's a small and custom company, Sequans Communications S.A. (NYSE:SQNS) benefits when larger players are interested in acquiring it. The firm also suffers when the opposite is true, and this was the case in February when after Renesas terminated its acquisition deal for Sequans Communications S.A. (NYSE:SQNS), the stock tanked by 65%. Since then, it has only seen some tailwinds after Qualcomm acquired the firm's 4G IoT tech, which also enabled Sequans Communications S.A. (NYSE:SQNS) to retire its debt and become cash-healthy. On a broader level, the firm's hypothesis depends on its ability to develop new technologies and keep attracting larger players. Sequans Communications S.A. (NYSE:SQNS)'s management commented on how the Qualcomm deal will help it for years to come during the <a href="https://www.insidermonkey.com/blog/sequans-communications-s-a-nysesqns-q3-2024-earnings-call-transcript-1386090/">Q3 2024 earnings call</a>. Here is what they said: <blockquote> "Starting with financial stability. I’m pleased to confirm that in October, we fully repaid all mature debt and it cleared all overdue payables to our suppliers. Our balance sheet is now nearly debt-free, marking a significant turning point in our ability to operate with a greater flexibility. With our strategy centered on massive IoT, we are now well positioned to make targeted investments in R&D, while effectively managing and reducing our cash burn rate in 2025. Combined with anticipated revenue growth next year, we are confident in our trajectory toward achieving breakeven by 2026. I want to recognize the incredible support we have received from our customers. Over the past year, our customers have remained steadfastly committed to Sequans despite our challenges. As a result, we have retained almost 100% of our existing design win projects, representing a corresponding 3-year revenue pipeline that accounts for approximately $250 million of future revenue. These design wins cover a variety of IoT applications for multiyear deployments with must in the large markets of metering, tracking and fleet management. While previous financial challenges limited our ability to secure new project wins, this didn’t reduce our customer traction, particularly in our Cat 1bis Calliope 2 product. Now with a solid financial footing, we are back to work on the pipeline of opportunities and anticipate securing new design wins in 2025. In fact, both existing and potential new customers as well as partners were impressed by our Qualcomm transaction and they fully support our strategy post-deal." </blockquote> Overall SQNS ranks 8th on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of SQNS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SQNS but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-sequans-communications-s-a-sqns-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398896/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Is POET Technologies Inc. (POET) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-poet-technologies-inc-poet-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398893/</link> <pubDate>Wed, 27 Nov 2024 19:12:33 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398893</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where POET Technologies Inc. (NASDAQ:POET) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where POET Technologies Inc. (NASDAQ:POET) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1238377" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/12/15122401/POET-insidermonkey-1702661039312.jpg" alt="9 Most Indebted Companies in the World in 2024" width="1456" height="816" /> The silhouette of a data center facility in the sunset, illustrating the companies focus on data center solutions. <h3 style="text-align: justify;">POET Technologies Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/poet%20technologies%20inc/1437424/">POET</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 5 POET Technologies Inc. (NASDAQ:POET) is a Canadian semiconductor company that is primarily known for designing and selling optical interposers. These are unique chips that are used in communications and the firm benefits from being one of the few companies that makes these chips. However, POET Technologies Inc. (NASDAQ:POET) is also a risky stock as it has yet to turn a profit. The firm's trailing twelve-month loss is $31.9 million while its revenue is just $119,000. Consequently, central to the firm's hypothesis is its ability to commercialize its optical interposers and win large and consistent orders to put it on the path of profitability. On this front, POET Technologies Inc. (NASDAQ:POET) has entered into key deals with Mitsubishi and Taiwanese contract manufacturing giant Foxconn which should drive the stock moving forward. Overall POET ranks 9th on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of POET as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than POET but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-poet-technologies-inc-poet-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398893/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Is Pixelworks, Inc. (PXLW) Among the Semiconductor Penny Stocks To Invest In Right Now?</title> <link>https://www.insidermonkey.com/blog/why-is-pixelworks-inc-pxlw-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398887/</link> <pubDate>Wed, 27 Nov 2024 19:09:27 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398887</guid> <description><![CDATA[We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Invest In Right Now. In this article, we are going to take a look at where Pixelworks, Inc. (NASDAQ:PXLW) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/">10 Best Semiconductor Penny Stocks To Invest In Right Now</a>. In this article, we are going to take a look at where Pixelworks, Inc. (NASDAQ:PXLW) stands against the other semiconductor penny stocks. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1226520" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/11/21013012/PXLW-insidermonkey-1700548210607.jpg" alt="8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock." width="1456" height="816" /> A close up of a circuit board, its microchips creating a powerful computing system. <h3 style="text-align: justify;">Pixelworks, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/pixelworks%20inc/1040161/">PXLW</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 4 Pixelworks, Inc. (NASDAQ:PXLW) is an American semiconductor company that caters to the needs of the display, home entertainment, and other industries. The firm's shares are down 39% year-to-date as the mobile market in particular has struggled due to weak consumer spending. Pixelworks, Inc. (NASDAQ:PXLW)'s shares fell by 35% in May 2024 when investors, with one eye on the future, punished the firm for weak second-quarter guidance. The firm's second guidance projected a high-end $9 million which was lower than analyst estimates of $16.5 million while its high-end EPS guidance of -$0.13 fell short of analysts' -$0.07. Pixelworks, Inc. (NASDAQ:PXLW) also relies on a large extent on China for its sales, and the weak Chinese economy has impacted the income statement. For the first half of this year, the firm's China revenue fell by 66% to $2.8 million. Therefore, a recovery in the mobile market and China are key for the firm to generate tailwinds. Pixelworks, Inc. (NASDAQ:PXLW)'s management commented on its project chips and economic weakness during the <a href="https://www.insidermonkey.com/blog/pixelworks-inc-nasdaqpxlw-q3-2024-earnings-call-transcript-1390055/">Q3 2024 earnings call</a>: <blockquote> "The overall demand for digital projector SoCs has remained reasonably stable in recent quarters, although end market demand for projector systems has continued to be relatively flat, primarily reflecting the prolonged period of macroeconomic uncertainty in China, as well as the U.S. and European education markets. As indicated last quarter, we’ve received initial purchase orders for our co-developed next-generation projector SoC from our lead customer. We have since begun initial volume production and remain on schedule to deliver the first production shipments of this new projector SoC during the fourth quarter. Based on previews of our customers’ planned product introductions, we continue to anticipate gradual, but healthy incremental adoption of our newest projector solution throughout 2025 and beyond." </blockquote> Overall PXLW ranks 10th on our list of the semiconductor penny stocks to invest in now. While we acknowledge the potential of PXLW as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than PXLW but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>.   READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>.   Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/why-is-pixelworks-inc-pxlw-among-the-semiconductor-penny-stocks-to-invest-in-right-now-1398887/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>10 Best Semiconductor Penny Stocks To Invest In Right Now</title> <link>https://www.insidermonkey.com/blog/10-best-semiconductor-penny-stocks-to-invest-in-right-now-1395270/</link> <pubDate>Wed, 27 Nov 2024 18:34:11 +0000</pubDate> <dc:creator>Ramish Cheema</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[(NASDAQ:AXTI)]]></category> <category><![CDATA[10 Best Semiconductor Penny Stocks To Invest In Right Now]]></category> <category><![CDATA[Axt Inc (NASDAQ:AXTI)]]></category> <category><![CDATA[Daily Newletter]]></category> <category><![CDATA[GCT Semiconductor Holding Inc. (NYSE:GCTS)]]></category> <category><![CDATA[Indie Semiconductor Inc. (NASDAQ:INDI)]]></category> <category><![CDATA[Magnachip Semiconductor Corporation (NYSE:MX)]]></category> <category><![CDATA[Mobix Labs Inc. (NASDAQ:MOBX)]]></category> <category><![CDATA[NASDAQ:INDI]]></category> <category><![CDATA[NASDAQ:MOBX]]></category> <category><![CDATA[NASDAQ:NVTS]]></category> <category><![CDATA[NASDAQ:POET]]></category> <category><![CDATA[NASDAQ:PXLW]]></category> <category><![CDATA[Navitas Semiconductor Corporation (NASDAQ:NVTS)]]></category> <category><![CDATA[NYSE:GCTS]]></category> <category><![CDATA[NYSE:MX]]></category> <category><![CDATA[NYSE:SQNS]]></category> <category><![CDATA[NYSE:VLN]]></category> <category><![CDATA[Pixelworks Inc (NASDAQ:PXLW)]]></category> <category><![CDATA[POET Technologies Inc. (NASDAQ:POET)]]></category> <category><![CDATA[Sequans Communications S.A. (NYSE:SQNS)]]></category> <category><![CDATA[Valens Semiconductor Ltd. (NYSE:VLN)]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1395270</guid> <description><![CDATA[In this piece, we will take a look at the ten best semiconductor penny stocks to invest in right now. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it’s typically the stocks at the top of the semiconductor food […]]]></description> <content:encoded><![CDATA[In this piece, we will take a look at the ten best semiconductor penny stocks to invest in right now. With the age of artificial intelligence having made an indelible mark on the stock market, semiconductor stocks have been thrust into the spotlight. While it's typically the stocks at the top of the semiconductor food chain, such as the AI GPU designer whose shares are up 740% since ChatGPT was made public or the Taiwanese contract chip manufacturer responsible for making AI GPUs or processors for Apple, that catch the media and public attention, the semiconductor industry is made of a plethora of other firms as well. Broadly speaking, the semiconductor industry comprises firms upstream and downstream of the chip supply chain. Starting from the former category, these semiconductor stocks start from those that provide design intellectual properties and hardware used to manufacture chips. Moving further downstream, semiconductor fabrication firms such as the Taiwanese firm whose American Depository Receipts (ADRs) have gained 133% since ChatGPT's public unveiling started to play a role. Finally, the downstream chip supply chain is made of designers who sell the products and others who assemble chips into the hardware needed for their proper functioning. To invest in semiconductor stocks, an investor needs to know which supply chain category a stock belongs to. This is because industry dynamics often have a varying effect on stocks at different rungs of the supply chain. Additionally, when we talk about downstream stocks, then the markets that they cater to also play a role in the share price performance. Stocks that are upstream are affected by broader industry trends and find it difficult to benefit from sector-specific tailwinds such as artificial intelligence. As an illustration, consider the performance of three upstream semiconductor stocks. The first stock ranks 7th on the list of <a href="https://www.insidermonkey.com/blog/15-ai-news-shaping-wall-street-today-1394372/?singlepage=1">15 AI stocks shaping Wall Street</a>, the second is 19th on <a href="https://www.insidermonkey.com/blog/goldman-sachs-top-growth-investors-34-stocks-with-the-highest-investment-for-growth-1387806/?singlepage=1">Goldman Sachs' list of top growth investors</a>, while the third ranked 12th and was losing popularity among <a href="https://www.insidermonkey.com/blog/bofas-list-of-ai-semiconductor-stocks-that-fund-managers-love-hate-16-stocks-on-the-manager-radar-1376459/?singlepage=1">institutional investors according to Bank of America</a>. The first two stocks are up 16% and 4% over the past twelve months while the third is up by a more modest 1%. Compared to the Philadelphia semiconductor stock index, a widely followed industry benchmark that has gained 32.2% over the same period, all three semiconductor stocks have underperformed. A brief look at the three stocks' business model sheds light on the reasons behind their lackluster performance. Starting from the worst stock whose shares are up by 1%. The firm provides semiconductor manufacturing equipment such as those used in wafer cleaning, etching, and film deposition. This means that it has exposure to the broader and non-AI sectors of the downstream semiconductor industry as well. Additionally, during its fiscal year 2024, 42% of the firm's revenue came from the memory industry. These chips run parallel with integrated circuits in computers, and their demand has been depressed recently and only started to recover in mid-2024. It also has exposure to China, and semiconductor tensions between the US and China haven't boded well for the stock either. Similarly, the semiconductor stock that is up 16% over the past year also has notable exposure to China. During the nine months ending in July 2024, 40% of its revenue came from China. Yet, for the three months ending in July, this percentage dropped to 32% as US government restrictions against American chip firms from supplying products to China continued to affect it. This semiconductor firm provides products such as plasma abatement systems, epitaxy systems, film deposition systems, and etching masks. As a result, even if there are no US-Chinese tensions, the fact that China's economy and industrial production have slowed naturally reduces the demand for its products. On the downstream end of the semiconductor supply chain, there is a clear bifurcation between AI and non-AI stocks, or those with exposure to integrated circuits and GPUs, and those with no exposure. To understand how to consider two stocks of firms that manufacture semiconductors. The first is the Taiwanese firm which we've mentioned above. Its ADRs are up 87.2% year-to-date. The second ranks 16th on our BofA list shared above, and its shares are down 14.5% year-to-date. Starting from the former, during the third quarter, 51% of the firm's revenue came from high-performance computing (HPC) products. These chips are involved in data centers, enterprise computing, and other workloads, and they also have wide exposure to the artificial intelligence industry. This firm also manufactures AI GPUs for Wall Street's favorite GPU designer, and the culmination of its end markets coupled with the fact that its 3-nanometer manufacturing process is an industry leader has seen investor optimism surge surrounding its fortunes. On the flip side, the semiconductor stock whose shares are down 14.5% has little exposure to HPC and AI chips. As of H1 2024, 53% of the firm's $3.7 billion revenue came through products that it sold to the automotive industry. This firm is known for selling chips manufactured through silicon carbide. These chips are used to manage power in electric vehicles, and as EV demand has slowed down in 2024, investors have fled the stock in response. The semiconductor stock hasn't been helped by the fact that slowing industrial activity led to a 21% industrial revenue drop during H1. As should be clear by now, semiconductor stocks come in all flavors. One such flavor, when analyzing them through share prices, is the penny stock segment. These stocks belong to smaller companies that do not have sizable revenue to power their valuation. Yet, penny stocks, when prudently considered, also often have the chance for stronger returns due to their low prices. On the flip side, these stocks are prone to market manipulation, and since they're not as frequently covered by analysts or the media, understanding the fundamental drivers of their share price is complex. With these details in mind, let's take a look at some semiconductor penny stocks. <img class="wp-image-1230458 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/11/29020645/XSD-insidermonkey-1701241603231.jpg" alt="Marvell Technology, Inc. (NASDAQ:MRVL) Rated 'Buy' as Analysts Forecast Strong Near-Term Potential, Earnings Watch Set for December" width="1456" height="816" /> A leading semiconductor chip on a computer robot arm, reflecting the technology advances of the company. Our Methodology To make our list of the best semiconductor penny stocks, we ranked semiconductor and semiconductor equipment stocks under $5 by the number of hedge funds that had bought the shares in Q3 2024 and picked out the top stocks. Why are we interested in stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <h3 style="text-align: justify;">10. Pixelworks, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/pixelworks%20inc/1040161/">PXLW</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 4 Pixelworks, Inc. (NASDAQ:PXLW) is an American semiconductor company that caters to the needs of the display, home entertainment, and other industries. The firm's shares are down 39% year-to-date as the mobile market in particular has struggled due to weak consumer spending. Pixelworks, Inc. (NASDAQ:PXLW)'s shares fell by 35% in May 2024 when investors, with one eye on the future, punished the firm for weak second-quarter guidance. The firm's second guidance projected a high-end $9 million which was lower than analyst estimates of $16.5 million while its high-end EPS guidance of -$0.13 fell short of analysts' -$0.07. Pixelworks, Inc. (NASDAQ:PXLW) also relies on a large extent on China for its sales, and the weak Chinese economy has impacted the income statement. For the first half of this year, the firm's China revenue fell by 66% to $2.8 million. Therefore, a recovery in the mobile market and China are key for the firm to generate tailwinds. Pixelworks, Inc. (NASDAQ:PXLW)'s management commented on its project chips and economic weakness during the <a href="https://www.insidermonkey.com/blog/pixelworks-inc-nasdaqpxlw-q3-2024-earnings-call-transcript-1390055/">Q3 2024 earnings call</a>: <blockquote> "The overall demand for digital projector SoCs has remained reasonably stable in recent quarters, although end market demand for projector systems has continued to be relatively flat, primarily reflecting the prolonged period of macroeconomic uncertainty in China, as well as the U.S. and European education markets. As indicated last quarter, we’ve received initial purchase orders for our co-developed next-generation projector SoC from our lead customer. We have since begun initial volume production and remain on schedule to deliver the first production shipments of this new projector SoC during the fourth quarter. Based on previews of our customers’ planned product introductions, we continue to anticipate gradual, but healthy incremental adoption of our newest projector solution throughout 2025 and beyond." </blockquote> <h3 style="text-align: justify;">9. POET Technologies Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/poet%20technologies%20inc/1437424/">POET</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 5 POET Technologies Inc. (NASDAQ:POET) is a Canadian semiconductor company that is primarily known for designing and selling optical interposers. These are unique chips that are used in communications and the firm benefits from being one of the few companies that makes these chips. However, POET Technologies Inc. (NASDAQ:POET) is also a risky stock as it has yet to turn a profit. The firm's trailing twelve-month loss is $31.9 million while its revenue is just $119,000. Consequently, central to the firm's hypothesis is its ability to commercialize its optical interposers and win large and consistent orders to put it on the path of profitability. On this front, POET Technologies Inc. (NASDAQ:POET) has entered into key deals with Mitsubishi and Taiwanese contract manufacturing giant Foxconn which should drive the stock moving forward.  <h3 style="text-align: justify;">8. Sequans Communications S.A. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/sequans%20communications/1383395/">SQNS</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 6 Sequans Communications S.A. (NYSE:SQNS) is a French specialty semiconductor company. The firm makes and sells baseband chips, radio frequency transceivers, and systems-on-chips (SoCs) that are used in 4G and 5G networks and gadgets. As a result, the firm's performance depends on the health of the telecommunications and smartphone industries. Both of these are cyclical sectors and tend to perform well when the economy is robust. Since it's a small and custom company, Sequans Communications S.A. (NYSE:SQNS) benefits when larger players are interested in acquiring it. The firm also suffers when the opposite is true, and this was the case in February when after Renesas terminated its acquisition deal for Sequans Communications S.A. (NYSE:SQNS), the stock tanked by 65%. Since then, it has only seen some tailwinds after Qualcomm acquired the firm's 4G IoT tech, which also enabled Sequans Communications S.A. (NYSE:SQNS) to retire its debt and become cash-healthy. On a broader level, the firm's hypothesis depends on its ability to develop new technologies and keep attracting larger players. Sequans Communications S.A. (NYSE:SQNS)'s management commented on how the Qualcomm deal will help it for years to come during the <a href="https://www.insidermonkey.com/blog/sequans-communications-s-a-nysesqns-q3-2024-earnings-call-transcript-1386090/">Q3 2024 earnings call</a>. Here is what they said: <blockquote> "Starting with financial stability. I’m pleased to confirm that in October, we fully repaid all mature debt and it cleared all overdue payables to our suppliers. Our balance sheet is now nearly debt-free, marking a significant turning point in our ability to operate with a greater flexibility. With our strategy centered on massive IoT, we are now well positioned to make targeted investments in R&D, while effectively managing and reducing our cash burn rate in 2025. Combined with anticipated revenue growth next year, we are confident in our trajectory toward achieving breakeven by 2026. I want to recognize the incredible support we have received from our customers. Over the past year, our customers have remained steadfastly committed to Sequans despite our challenges. As a result, we have retained almost 100% of our existing design win projects, representing a corresponding 3-year revenue pipeline that accounts for approximately $250 million of future revenue. These design wins cover a variety of IoT applications for multiyear deployments with must in the large markets of metering, tracking and fleet management. While previous financial challenges limited our ability to secure new project wins, this didn’t reduce our customer traction, particularly in our Cat 1bis Calliope 2 product. Now with a solid financial footing, we are back to work on the pipeline of opportunities and anticipate securing new design wins in 2025. In fact, both existing and potential new customers as well as partners were impressed by our Qualcomm transaction and they fully support our strategy post-deal." </blockquote>  <h3 style="text-align: justify;">7. Mobix Labs, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/mobix%20labs%20inc/1855467/">MOBX</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 6 Mobix Labs, Inc. (NASDAQ:MOBX) is a California-based firm that sells communications products such as optical cables and 5G chips. Additionally, it is one of the fresh companies that went public through a special purpose acquisition company (SPAC). Mobix Labs, Inc. (NASDAQ:MOBX) completed its merger with Chavant in December, and throughout 2024, the firm has been selling its stock in private placements. This has led to a dilution of its equity, and Mobix Labs, Inc. (NASDAQ:MOBX)'s shares are down 73% year-to-date. On the financial front, its small size has enabled the company to post a sizable percentage of revenue growth. For the nine months ending on June 30, Mobix Labs, Inc. (NASDAQ:MOBX) has grown its revenue by 341% and recorded gains through changes in earnout liability to affect the bottom line profits.  <h3 style="text-align: justify;">6. Navitas Semiconductor Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/navitas%20semiconductor%20corp/1821769/">NVTS</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 8 Navitas Semiconductor Corporation (NASDAQ:NVTS) is an American semiconductor company that specializes in designing and selling power management products. Its products are used across a variety of applications such as data centers, electric vehicles, and solar systems. As a result, if you followed the intro to this piece, you wouldn't be surprised to know that Navitas Semiconductor Corporation (NASDAQ:NVTS)'s shares are down 68% year-to-date. The firm has had a tough year which has seen it miss guidance estimates. Its third-quarter earnings marked the fourth consecutive time that it failed to meet its guidance. Consequently, Navitas Semiconductor Corporation (NASDAQ:NVTS)'s hypothesis is dependent on the recovery of power management demand in industrial markets and a broader economic recovery. Navitas Semiconductor Corporation (NASDAQ:NVTS)'s management shared insights about its market observations during the <a href="https://www.insidermonkey.com/blog/navitas-semiconductor-corporation-nasdaqnvts-q3-2024-earnings-call-transcript-1385426/">Q3 2024 earnings call</a>. Here is what they said: <blockquote> "We’ve also increased our organizational focus on our three most strategic markets. AI data center, mobile and EV. We believe these three markets utilizing our industry leading GaN and silicon carbide technology along with complementary silicon controllers and isolators will be our largest revenue drivers over the coming years. The technologies we create for these markets will have significant opportunities for cross selling into industrial, appliance, consumer, solar and energy storage markets. Looking forward, given continued softness in some of our end markets, combined with a couple of customer project delays, we anticipate a more muted outlook for the next couple of quarters. However, with the strength of our $1.6 billion plus customer pipeline and continued design win momentum, we expect solid growth to resume later next year. In addition, today’s announcements of our new low-voltage GaN technology, a dual sourcing partnership with Infineon and creation of a more efficient and focused organization all set Navitas on an improved path to growth and profitability." </blockquote>  <h3 style="text-align: justify;">5. AXT, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/axt%20inc/1051627/">AXTI</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 10 AXT, Inc. (NASDAQ:AXTI) is an upstream semiconductor firm that primarily makes and sells substrates. These products are used to manufacture chips on them, and AXT, Inc. (NASDAQ:AXTI)'s substrates revolve around communications, solar, robotics, and other associated applications. The stock has been on quite a ride this year. It fell by 37% in April after a research report alleged that the firm was facing tight financial conditions. AXT, Inc. (NASDAQ:AXTI)'s shares continued their downward momentum in November, as they fell by another 18% following a third-quarter revenue miss. While the firm raked in $23.6 million in revenue during Q3, analysts had expected it to bring in $25.5 million. Even though AXT, Inc. (NASDAQ:AXTI) is based in California, 99% of the firm's long-term assets are in China. Additionally, 50.6% of the firm's H1 2024 revenue came from the East Asian country, which creates a double-edged sword. While AXT, Inc. (NASDAQ:AXTI) can benefit from renewed Chinese focus on its domestic industry, the firm might also be caught in the crosshairs of geopolitical tensions between the US and China. AXT, Inc. (NASDAQ:AXTI)'s management shared details about the state of its Chinese market during the <a href="https://www.insidermonkey.com/blog/axt-inc-nasdaqaxti-q3-2024-earnings-call-transcript-1384544/">Q3 2024 earnings call</a>: <blockquote> "Overall, the market recovery is somewhat lumpy, particularly given the weak economic conditions in China. But new fiscal stimulus in China announced in September could provide a catalyst for a truly market environment. This will benefit demand across a broad based of applications, including power amplifiers, HPT applications for wireless switches, high-speed power industrial labels, and LEDs. We continue to be encouraged by our relatively new traction in HPT applications by bringing the learning from our product that’s advancing in our 8-inch gallium arsenide development to our 6-inch gallium arsenide wafer production." </blockquote>  <h3 style="text-align: justify;">4. Valens Semiconductor Ltd. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/valence%20technology%20inc/885551/">VLN</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 12 Valens Semiconductor Ltd. (NYSE:VLN) is an Israeli semiconductor company that provides chips for autonomous driving, cables for long-distance video transmission, and other associated technologies. The fact that its shares are down 22.9% year-to-date is unsurprising given that for the first six months of 2024, Valens Semiconductor Ltd. (NYSE:VLN)'s revenue has dropped by 48%. This has come on the back of economic troubles in China and Europe, as the firm's products are dependent on the health of the electric vehicle industry and consumer spending. During H1 2023, 49% of Valens Semiconductor Ltd. (NYSE:VLN)'s revenue came from Germany, China, and Hungary. In H1 2024, the firm's sales in the three respective countries dropped by 75%, 27%, and 53%, respectively. As a result, economic recovery in these three countries is key to Valens Semiconductor Ltd. (NYSE:VLN)'s hypothesis, especially since 63% of its H1 2024 revenue was pending in the form of receivables from six customers.  <h3 style="text-align: justify;">3. indie Semiconductor, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/indie%20semiconductor%20inc/1841925/">INDI</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 12 indie Semiconductor, Inc. (NASDAQ:INDI) is a specialty semiconductor company that sells a variety of camera and image sensors. These include cameras and LiDAR sensors, and they provide the firm with exposure to the budding autonomous driving market. indie Semiconductor, Inc. (NASDAQ:INDI) benefits from its product diversification since cameras and LiDAR have divided the car industry. While Tesla and Elon Musk are adamant that cameras provide the better solution, other car and autonomous systems manufacturers are betting on LiDAR. However, its exposure to the car industry coupled with the fact that worrying news such as token management salaries have made indie Semiconductor, Inc. (NASDAQ:INDI)'s shares lackluster in 2024. The stock is down 29% year-to-date, but the firm's third-quarter earnings report marked a turnaround of sorts when the shares soared by 60% in the aftermath. This was on the back of several factors such as a 2025 guidance of $300 million for a 40% growth that met analyst estimates. However, with indie Semiconductor, Inc. (NASDAQ:INDI) having only $100 million in cash and $158 million in debt, the firm has to ensure it can generate sales or risk financial and share price trouble. Baron Funds mentioned indie Semiconductor, Inc. (NASDAQ:INDI) in its <a href="https://www.insidermonkey.com/blog/indie-semiconductors-indi-results-fell-short-of-estimates-1380079/">Q3 2024 investor letter</a>. Here is what the fund said: <blockquote> "Indie Semiconductor, Inc. (NASDAQ:INDI) is a fabless designer, developer, and marketer of automotive semiconductors for advanced driver assistance systems (ADAS) and connected car, user experience, and electrification applications. Indie’s stock fell during the quarter as it guided 2024 revenue growth below Street expectations, as auto production is expected to be incrementally worse, and excess inventory in the automotive supply chains of its customers has delayed indie’s new chips from ramping into high-volume programs. Despite these near-term headwinds, indie is outperforming peers who are seeing significant year-over-year sales declines. It has not suffered a program cancellation for any intact car programs, and it continues to win new sockets in future car platforms, positioning the company for strong growth over the medium and long term, supported by its $6.3 billion design win backlog, of which $4.6 billion is in ADAS applications. Indie has several large-volume programs set to ramp beginning in early 2025, including a marquee radar-related win, the biggest program in the company’s history, which we believe will drive a return to outsized growth in 2025 (indie doubled revenue each year from 2021 through 2023). We believe indie can continue to significantly outpace the broader industry and will approach $1 billion in revenue by the end of this decade, all supported by its contracted visibility, and its stock will re-rate as rapid growth returns.” </blockquote>  <h3 style="text-align: justify;">2. GCT Semiconductor Holding, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/gct%20semiconductor%20holding%20inc/1851961/">GCTS</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 13 GCT Semiconductor Holding, Inc. (NYSE:GCTS) makes and sells a variety of products used in the communications industry. These include 5G chips, radio frequency chips, and internet-of-things (IoT) products that are used in items such as wireless dongles and other gadgets. Consequently, GCT Semiconductor Holding, Inc. (NYSE:GCTS) has broad exposure to consumer spending, and a global consumer spending slowdown amidst inflation and economic turbulence hasn't translated well for the firm since its shares are down 64.7% since they started trading and by a whopping 94% since the post-SPAC peak. A slowing global economy is partly to blame for the firm's woes as well since by H1 2024 end, its revenue had dropped by 35.6%. Fueling the revenue drop is Asian economic weakness, as GCT Semiconductor Holding, Inc. (NYSE:GCTS)'s revenue in its key markets of South Korea and China dropped by 33% and 91% during the period. Therefore, a recovery in the Asian connectivity market and the proliferation of advanced technologies such as 5G are key to GCT Semiconductor Holding, Inc. (NYSE:GCTS) being able to generate tailwinds.  <h3 style="text-align: justify;">1. Magnachip Semiconductor Corporation (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/magnachip%20semiconductor%20corp/1325702/">MX</a>)</h3> Number of Hedge Fund Holders In Q3 2024: 21 Magnachip Semiconductor Corporation (NYSE:MX) is a South Korean semiconductor firm that focuses on making and selling chips used in consumer-oriented products such as displays and smartphones. As of H1 2024, 74% of the firm's revenue came from selling analog devices that are used in power management. These products are used in industrial and consumer applications, and a sluggish Asian economy has meant that Magnachip Semiconductor Corporation (NYSE:MX) has struggled and its shares are down 49%. This weakness has been pronounced particularly due to the firm's reliance on ex-Korea Asia Pacific revenue which accounted for 57% of its H1 2024 sales and marked an 18% annual drop. Therefore, a recovery in the Asian economy and China should drive the hypothesis and create tailwinds for the shares. Another key aspect for firms like Magnachip Semiconductor Corporation (NYSE:MX) is their channel inventory. Here's what management shared on this front during the <a href="https://www.insidermonkey.com/blog/magnachip-semiconductor-corporation-nysemx-q3-2024-earnings-call-transcript-1383918/">Q3 2024 earnings call</a>: <blockquote> "The Industrial segment continued to see a strong rebound in solar. The issues of excess distributor and customer inventory in China now is behind us in this business segment. In addition to solar inverters, demand for solar pumps are expanding the range of applications we address. The Industrial segment also saw growth from additional design wins in the China lighting market with our sixth-generation Super-Junction devices. Finally, the shift to high-speed e-motors for scooters and motorcycles is leading to an increase in Bill-of-Material content and carries the potential for stronger growth. While a relatively smaller contributor to PAS, the Automotive segment continues to show strength. We are building upon our past success in Korea with additional design wins and production ramps for automotive customers in Japan and China." </blockquote> MX is a penny semiconductor stock that hedge funds are buying. While we acknowledge the potential of MX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MX but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-2/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>. Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. ]]></content:encoded> </item> <item> <title>Hedge Fund and Insider Trading News: Scott Bessent, Paloma Partners, Taula Capital Management, Immunome Inc (IMNM), AppLovin Corp (APP), and More</title> <link>https://www.insidermonkey.com/blog/hedge-fund-and-insider-trading-news-scott-bessent-paloma-partners-taula-capital-management-immunome-inc-imnm-applovin-corp-app-and-more-1398877/</link> <pubDate>Wed, 27 Nov 2024 18:22:51 +0000</pubDate> <dc:creator>Insider Monkey Staff</dc:creator> <category><![CDATA[Hedge Funds]]></category> <category><![CDATA[Insider Trading]]></category> <category><![CDATA[Applovin Corp (APP)]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[hedge fund]]></category> <category><![CDATA[Immunome Inc (IMNM)]]></category> <category><![CDATA[Insider Buying]]></category> <category><![CDATA[Insider Selling]]></category> <category><![CDATA[Insider Trade]]></category> <category><![CDATA[Insider Trades]]></category> <category><![CDATA[Paloma Partners]]></category> <category><![CDATA[Scott Bessent]]></category> <category><![CDATA[Taula Capital Management]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398877</guid> <description><![CDATA[Scott Bessent’s Fund Made Biggest Returns With Bet Against Fed (Financial Times) Paloma Taps Singh As CEO (Alternatives Watch) Diego Megia’s Hedge Fund Reopens To Raise Another $1 Billion (Bloomberg) Hedge Fund RTW Probed By SEC Over Role In Masimo Proxy Fight (Pensions & Investments) Former Deputy PM Oliver Dowden Picks Up £500 Per Hour […]]]></description> <content:encoded><![CDATA[<a href="https://www.ft.com/content/254f31e9-3322-4c58-9c01-3431b37ce60f" target="_blank" rel="nofollow noopener">Scott Bessent’s Fund Made Biggest Returns With Bet Against Fed</a> (Financial Times) <a href="https://www.alternativeswatch.com/2024/11/27/paloma-partners-hires-ravi-singh-as-ceo/" target="_blank" rel="nofollow noopener">Paloma Taps Singh As CEO</a> (Alternatives Watch) <a href="https://www.bloomberg.com/news/articles/2024-11-27/diego-megia-s-hedge-fund-reopens-to-raise-another-1-billion" target="_blank" rel="nofollow noopener">Diego Megia’s Hedge Fund Reopens To Raise Another $1 Billion</a> (Bloomberg) <a href="https://www.pionline.com/hedge-funds/hedge-fund-rtw-probed-sec-over-role-masimo-proxy-fight" target="_blank" rel="nofollow noopener">Hedge Fund RTW Probed By SEC Over Role In Masimo Proxy Fight</a> (Pensions & Investments) <a href="https://www.dailymail.co.uk/news/article-14132975/Former-deputy-PM-Oliver-Dowden-picks-500-hour-strategy-adviser-job-Mayfair-based-hedge-fund-pushed-Rishi-Sunak-calling-early-general-election.html" target="_blank" rel="nofollow noopener">Former Deputy PM Oliver Dowden Picks Up £500 Per Hour 'Strategy Adviser' Job At Mayfair-Based Hedge Fund After He 'Pushed Rishi Sunak Into Calling An Early General Election'</a> (Daily Mail) <img class="size-large wp-image-415447" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2016/02/09114226/shutterstock_178709456.jpg" alt="Former SAC Capital Portfolio Manager Tor Minesuk's Top 10 Stock Picks for 2021" width="750" height="518" /> Rawpixel.com/Shutterstock.com <a href="https://www.wealthprofessional.ca/news/industry-news/dealer-rep-banned-fined-75k-by-ciro-for-sharing-information-with-a-hedge-fund/387691" target="_blank" rel="nofollow noopener">Dealer Rep Banned, Fined $75K By CIRO For Sharing Information With A Hedge Fund</a> (Wealth Professional) <a href="https://portfolio-adviser.com/gam-to-distribute-japanese-hedge-fund-for-arcus-investment/" target="_blank" rel="nofollow noopener">GAM To Distribute Japanese Hedge Fund For Arcus Investment</a> (Portfolio Adviser) <a href="https://www.ftadviser.com/asset-allocator/2024/11/27/hsbc-looks-to-grow-private-markets-and-hedge-fund-exposure-through-2025/" target="_blank" rel="nofollow noopener">HSBC Looks To Grow Private Markets And Hedge Fund Exposure Through 2025</a> (FT Adviser) <a href="https://www.tradersmagazine.com/am/hedge-fund-industry-poised-to-gain-significant-influence-in-the-trump-administration/" target="_blank" rel="nofollow noopener">Hedge Fund Industry Poised To Gain Significant Influence In The Trump Administration</a> (Traders Magazine) <a href="https://www.nasdaq.com/articles/wednesday-11-27-insider-buying-report-imnm-acdc" target="_blank" rel="nofollow noopener">Wednesday 11/27 Insider Buying Report: IMNM, ACDC</a> (Nasdaq.com) <a href="https://www.benzinga.com/insights/news/24/11/42215803/vasily-shikin-executes-sell-order-offloads-51-74m-in-applovin-stock" target="_blank" rel="nofollow noopener">Vasily Shikin Executes Sell Order: Offloads $51.74M In AppLovin Stock</a> (Benzinga) ]]></content:encoded> </item> <item> <title>POET Technologies (POET) Delists from TSX: AI Data Center Innovations Drive Market Buzz</title> <link>https://www.insidermonkey.com/blog/poet-technologies-poet-delists-from-tsx-ai-data-center-innovations-drive-market-buzz-1398548/</link> <pubDate>Wed, 27 Nov 2024 17:09:51 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398548</guid> <description><![CDATA[We recently published a list of 15 Trending AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where POET Technologies Inc. (NASDAQ:POET) stands against other trending AI stocks on latest news and ratings. When BlackRock, the investment titan with more than $10 trillion in assets under […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/15-trending-ai-stocks-on-latest-news-and-ratings-3-1398175/">15 Trending AI Stocks on Latest News and Ratings</a>. In this article, we are going to take a look at where POET Technologies Inc. (NASDAQ:POET) stands against other trending AI stocks on latest news and ratings. When BlackRock, the investment titan with more than $10 trillion in assets under management, invests in something, the finance world pays close attention. This is why Pyramid Analytics, an AI business analytics firm, has been in the news. According to a report by news agency Reuters, the startup recently raised more than $50 million in funding from the investment management firm. Pyramid Analytics operates an AI-powered platform that uses a combination of machine learning and AI to simplify processes and data analysis for clients. Some of the prominent clients of the startup include the US Food and Drug Administration, as well as Hallmark, Deloitte and Volkswagen. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. Meanwhile, AI markets in Europe were brimming with enthusiasm over the blockbuster debut of LightOn, a GenAI startup based in France, on the Euronext Growth market in Paris. The shares of the firm jumped close to 10% during the initial public offering. The startup builds large language models for businesses and institutions. It was valued at around $65 million in the IPO. AI startups have been fetching soaring valuations on market debuts. They have also been raising hundreds of millions in funding through financing rounds led by venture capital firms as the AI boom sweeps markets around the globe. READ ALSO: <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1238377 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/12/15122401/POET-insidermonkey-1702661039312.jpg" alt="POET Technologies (POET) Delists from TSX: AI Data Center Innovations Drive Market Buzz" width="1456" height="816" /> The silhouette of a data center facility in the sunset, illustrating the companies focus on data center solutions. <h3 style="text-align: justify;">POET Technologies Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/poet%20technologies%20inc/1437424/">POET</a>)</h3> Number of Hedge Fund Holders: 5 POET Technologies Inc. (NASDAQ:POET) designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The optoelectronic products marketed by the firm can help convert data from electric signals to light signals to be transmitted through optical wires. This allows for higher data transfer bandwidths, lower loss, and simpler cooling needs, especially within AI data centers. The company recently announced that the board of directors had approved the voluntary delisting of common shares from the TSX Venture Exchange. Overall, POET ranks 15th on our list of trending AI stocks on latest news and ratings. While we acknowledge the potential of POET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than POET but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Advanced Micro Devices, Inc. (AMD): Opens $400M R&D Center in India, Builds Supercomputers for Weather Forecasting</title> <link>https://www.insidermonkey.com/blog/advanced-micro-devices-inc-amd-opens-400m-rd-center-in-india-builds-supercomputers-for-weather-forecasting-1398490/</link> <pubDate>Wed, 27 Nov 2024 17:05:47 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398490</guid> <description><![CDATA[We recently compiled a list of the 15 AI Stocks That are Making Headlines. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other AI stocks. Perplexity, the California-based AI startup that is challenging the dominance of Google in the Internet Search market, is considering […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-stocks-that-are-making-headlines-1398176/">15 AI Stocks That are Making Headlines</a>. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other AI stocks. Perplexity, the California-based AI startup that is challenging the dominance of Google in the Internet Search market, is considering the development of a $50 device that brings the conversational search abilities of the platforms it offers on the consumer market. Aravind Srinivas, the CEO of the firm, recently posted on social networking platform X and said the company would definitely sell such a device if the post got more than 5,000 likes. Other AI startups have also tried making AI-only devices, the latest example being Humane and their AI Pin, but these devices have not caught mass attention because of buggy performance. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. Perplexity could succeed where others have failed as the firm has much more cash in the bank to hire the right teams for the purpose. News publication The Wall Street Journal recently reported that the startup is planning to raise more than $500 million at an upcoming funding round that would value the firm at more than $8 billion. The report claims that the platform the startup markets currently receives about 15 million queries a day and brings in around $50 million in annualized revenue. Perplexity uses AI to help people search the web in a chatbot-style interface. READ ALSO: <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1195736" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/19160555/AMD-insidermonkey-1695153952842.jpg" alt="" width="1456" height="816" /> A close up of a complex looking PCB board with several intergrated semiconductor parts. <h3 style="text-align: justify;">Advanced Micro Devices, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/advanced%20micro%20devices%20inc/2488/">AMD</a>)</h3> Number of Hedge Fund Holders: 107 Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. On November 26, tech news platform DigiTimes reported that the chipmaker had inaugurated a research and development center in India while affirming a previous commitment to invest the $400 million in the Asian country. AMD CEO Lisa Su, while on a tour of the country last week, had pledged to increase investments in India and referenced the design lab in the country as one of the most important AMD assets globally. The company is also building two supercomputers in India specifically for weather forecasting, per the report. Overall, AMD ranks 7th on our list of the AI stocks that are making headlines. While we acknowledge the potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMD but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Cenovus Energy (CVE) is One of the Cheapest Stocks to Buy on Robinhood?</title> <link>https://www.insidermonkey.com/blog/why-cenovus-energy-cve-is-one-of-the-cheapest-stocks-to-buy-on-robinhood-1398660/</link> <pubDate>Wed, 27 Nov 2024 16:46:56 +0000</pubDate> <dc:creator>Affan Mir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398660</guid> <description><![CDATA[We recently published a list of 10 Cheapest Stocks to Buy On Robinhood. In this article, we are going to take a look at where Cenovus (NYSE:CVE) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal trends, […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/10-cheapest-stocks-to-buy-on-robinhood-1397347/">10 Cheapest Stocks to Buy On Robinhood</a>. In this article, we are going to take a look at where Cenovus (NYSE:CVE) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal trends, strong retail, and corporate activity, and positive market momentum following the November election still suggests a potential for continued growth in U.S. equities. Goldman Sachs’ Scott Rubner predicts a year-end rally that will push the S&P to 6,200 points as reported by Bloomberg on November 25. He attributes this potential rally to growing retail enthusiasm in equities and crypto, seasonal trading patterns, and increasing corporate buyback demand. Rubner noted that the recent consolidation phase is typical, and highlighted significant inflows into U.S. equities, with the broader market gaining over 3% since the November 5 presidential vote and the Russell 2000 rising 6.5%. Historically, strong market performance in election years tends to extend into January, with the capital being deployed at the start of the new year. READ ALSO: <a href="https://www.insidermonkey.com/blog/jim-cramers-lightning-round-9-stocks-in-spotlight-1396815/">Jim Cramer’s Lightning Round: 9 Stocks in Spotlight</a> and <a href="https://www.insidermonkey.com/blog/10-best-renewable-energy-penny-stocks-to-invest-in-2-1396570/">10 Best Renewable Energy Penny Stocks to Invest In</a>. <h2 style="text-align: justify;">Strategic Investment Moves in a Shifting Economy</h2> In an interview with Seana Smith and Madison Mills of Yahoo Finance, Jim Smigiel, SEI’s Chief Investment Officer, highlighted several key insights for investors, in light of President-elect Donald Trump’s pro-growth policies. He warned that these policies could lead to higher inflation and rising interest rates, which may impact investment strategies. For investors, the focus should be on understanding how inflation and rates can affect different assets and staying prepared for potential shifts in the market. Smigiel sees opportunities in small-cap stocks, value stocks, and financials, which are expected to benefit from the current reflationary environment. He suggested investors consider diversifying their portfolios to reduce reliance on highly concentrated growth sectors like tech. Active management, where professional fund managers select investments, could also be a useful strategy to broaden exposure and adapt to market changes. While higher rates could eventually pose challenges, Smigiel noted that small-cap stocks remain attractive for now due to improved debt structures, providing a window of opportunity until around 2026. Investors should keep an eye on rising yields, as it might signal a need to shift toward more defensive investments. Diversification remains critical in managing risks during this period. <h3 style="text-align: justify;">Our Methodology</h3> For this article, we checked all the large-cap companies trading on Robinhood with at least 50% positive analyst ratings. We narrowed our list to nearly 40 stocks that were trading below a forward price-to-earnings multiple of under 15. We also skipped the stocks that were trading above or at their industry median despite trading below a PE ratio of 15. Finally, we chose the 10 cheapest stocks to buy based on their average analyst price target upside as of November 25 (pre-market open). These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1200227 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/01183135/CVE-insidermonkey-1696199493503.jpg" alt="Why Cenovus Energy Inc. (CVE) is Cheapest Stocks to Buy on Robinhood?" width="1456" height="816" /> A fleet of oil tankers at sea, representing the global reach of a crude oil supplier. <h3 style="text-align: justify;">Cenovus Energy Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/cenovus%20energy%20inc/1475260/">CVE</a>)</h3> Market Cap: $29.57 billion FWD PE Ratio: 10.99 Average Price Target Upside: 36.62% Cenovus Energy Inc. (NYSE:CVE) focuses on the development, production, refining, and marketing of crude oil, natural gas, and refined products. It operates through five segments: Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining. Key assets include oil sands projects in Alberta, natural gas operations in Western Canada, offshore activities in China and the East Coast of Canada, and refining facilities in Canada and the U.S. In the third quarter of 2024, Cenovus (NYSE:CVE) demonstrated strong operational and financial performance despite a heavy maintenance period. Major turnarounds at upstream and downstream facilities were completed ahead of schedule, improving reliability for the remainder of the year and into 2025. Upstream production averaged 771,000 barrels of oil equivalent per day (BOE/day), with the oil sands segment delivering 586,000 barrels/day and an operating margin of $2.5 billion. Early completion of maintenance at Christina Lake boosted production beyond forecasts by 15,000–20,000 barrels/day. The TMX pipeline, now fully operational, added global market access and contributed to a stable Western Canadian Select differential, which benefit Canadian oil prices. Offshore production remained stable at 66,000 BOE/day, with significant milestones achieved, including life-extension work on the SeaRose FPSO and continued progress on the West White Rose project, now 85% complete and set for first oil in 2026. Cenovus (NYSE:CVE) also returned a healthy amount of $1.1 billion through dividends and buybacks. L1 Long Short Fund stated the following regarding Cenovus Energy Inc. (NYSE:CVE) in its Q3 2024 <a href="https://www.insidermonkey.com/blog/heres-why-cenovus-energy-cve-fell-in-q3-1389943/">investor letter</a>: <blockquote> “Cenovus Energy Inc. (NYSE:CVE) (Long -15%) and MEG Energy (Long -13%) shares fell as the WTI oil price decreased 17% to ~US$69/bbl on the back of increased concerns around a potential increase in OPEC supply along with slower global economic growth. Despite OPEC delaying a previously planned increase in oil output, the oil price continued to weaken due to the weaker demand outlook. During the quarter, we attended the Peters & Co oil and gas conference in Toronto, meeting one on one with management from Cenovus and MEG Energy, along with the entire peer group. We continue to favour Cenovus and MEG in the sector due to their strong cash flow generation, the long -life nature of their oil sands assets, low cost of production and strong balance sheet s. Both Cenovus and MEG have now transitioned to returning 100% of free cash flow back to shareholders, having reached their respective net debt targets. As a result, we see both names offering sector leading shareholder returns, combined with some modest, accretive output growth.” </blockquote> Overall, CVE ranks 9th on our list of cheapest stocks to buy on Robinhood. While we acknowledge the potential of CVE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CVE but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-3/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Here is why NVDA Stock is Declining Today According to Jim Cramer</title> <link>https://www.insidermonkey.com/blog/here-is-why-nvda-stock-is-declining-today-according-to-jim-cramer-1398814/</link> <pubDate>Wed, 27 Nov 2024 16:45:48 +0000</pubDate> <dc:creator>Ghazal Ahmed</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[30 Most Important AI Stocks According to BlackRock]]></category> <category><![CDATA[8 Best Wide Moat Stocks to Buy Now]]></category> <category><![CDATA[Here is why NVDA Stock is Declining Today According to Jim Cramer]]></category> <category><![CDATA[NASDAQ:NVDA]]></category> <category><![CDATA[NVIDIA Corporation (NASDAQ:NVDA)]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398814</guid> <description><![CDATA[NVIDIA Corporation (NASDAQ:NVDA)- the AI powerhouse of the Magnificent Seven- is down 3.18% at the time of writing. Jim Cramer sheds light on what’s happening: Some investors say there’s growing skepticism that things have peaked with Nvidia. According to Cramer, nothing is wrong. After all, we just saw the numbers, and they were great. The […]]]></description> <content:encoded><![CDATA[NVIDIA Corporation (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/nvidia%20corp/1045810/">NVDA</a>)- the AI powerhouse of the Magnificent Seven- is down 3.18% at the time of writing. Jim Cramer sheds light on what’s happening: Some investors say there's growing skepticism that things have peaked with Nvidia. According to Cramer, nothing is wrong. After all, we just saw the numbers, and they were great. The growing skepticism around the slowing rate of growth, increased competition, and the concern that investors are probably going to get less bang for their buck is misleading. There isn't competition from companies such as Amazon, which makes some of its chips to meet specific needs considering Nvidia doesn't have enough manufacturing capacity to meet demand. <img class="size-full wp-image-1394782 aligncenter" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2024/11/20185940/NVIDIA-Endeavor-building-logo-Courtesy-of-NVDA.jpg" alt="Here is why NVDA Stock is Declining Today According to Jim Cramer" width="2000" height="1334" /> That said, NVIDIA Corporation (NASDAQ:NVDA) has the best technology so far, so much so that it “welcomes competition”. The fact that Amazon makes some of its own chips, and remains Nvidia's "happy" customer, probably reinforces Nvidia's position as the go-to provider for premium, high-performance GPUs and AI chips, allowing the company to focus on its core strengths. At the same time, many people don’t know that Nvidia also has software, Cramer says. The AI darling chip maker just unveiled a groundbreaking generative AI model named Fugatto. Fugatto is designed as a versatile tool for creating and modifying sounds using text and audio prompts. Jim Cramer states that it is an AI idea factory project and that the CEO occasionally puts out ideas like these to “get everyone thinking”. Jensen's strategy with Fugatto seems designed to spark big-picture thinking about Nvidia's future, showcasing innovation reminiscent of what great companies used to do. While costly initiatives like this are rarer today, mega-cap companies like Nvidia continue to deliver value. This is why Jim Cramer says: <blockquote>“Don’t begrudge the mega caps—just buy them”</blockquote> Our research director shared his views on <a href="https://www.insidermonkey.com/blog/here-is-why-nvda-stock-may-hit-170-in-3-months-1394775/">NVDA’s earnings results here</a>. He thinks NVDA stock can reach $170 within 3 months. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-10/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why Honda Motor (HMC) is One of the Cheapest Stocks to Buy on Robinhood?</title> <link>https://www.insidermonkey.com/blog/why-honda-motor-hmc-is-one-of-the-cheapest-stocks-to-buy-on-robinhood-1398661/</link> <pubDate>Wed, 27 Nov 2024 16:44:22 +0000</pubDate> <dc:creator>Affan Mir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398661</guid> <description><![CDATA[We recently published a list of 10 Cheapest Stocks to Buy On Robinhood. In this article, we are going to take a look at where Honda Motor Co., Ltd. (NYSE:HMC) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/10-cheapest-stocks-to-buy-on-robinhood-1397347/">10 Cheapest Stocks to Buy On Robinhood</a>. In this article, we are going to take a look at where Honda Motor Co., Ltd. (NYSE:HMC) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal trends, strong retail, and corporate activity, and positive market momentum following the November election still suggests a potential for continued growth in U.S. equities. Goldman Sachs’ Scott Rubner predicts a year-end rally that will push the S&P to 6,200 points as reported by Bloomberg on November 25. He attributes this potential rally to growing retail enthusiasm in equities and crypto, seasonal trading patterns, and increasing corporate buyback demand. Rubner noted that the recent consolidation phase is typical, and highlighted significant inflows into U.S. equities, with the broader market gaining over 3% since the November 5 presidential vote and the Russell 2000 rising 6.5%. Historically, strong market performance in election years tends to extend into January, with the capital being deployed at the start of the new year. READ ALSO: <a href="https://www.insidermonkey.com/blog/jim-cramers-lightning-round-9-stocks-in-spotlight-1396815/">Jim Cramer’s Lightning Round: 9 Stocks in Spotlight</a> and <a href="https://www.insidermonkey.com/blog/10-best-renewable-energy-penny-stocks-to-invest-in-2-1396570/">10 Best Renewable Energy Penny Stocks to Invest In</a>. <h2 style="text-align: justify;">Strategic Investment Moves in a Shifting Economy</h2> In an interview with Seana Smith and Madison Mills of Yahoo Finance, Jim Smigiel, SEI’s Chief Investment Officer, highlighted several key insights for investors, in light of President-elect Donald Trump’s pro-growth policies. He warned that these policies could lead to higher inflation and rising interest rates, which may impact investment strategies. For investors, the focus should be on understanding how inflation and rates can affect different assets and staying prepared for potential shifts in the market. Smigiel sees opportunities in small-cap stocks, value stocks, and financials, which are expected to benefit from the current reflationary environment. He suggested investors consider diversifying their portfolios to reduce reliance on highly concentrated growth sectors like tech. Active management, where professional fund managers select investments, could also be a useful strategy to broaden exposure and adapt to market changes. While higher rates could eventually pose challenges, Smigiel noted that small-cap stocks remain attractive for now due to improved debt structures, providing a window of opportunity until around 2026. Investors should keep an eye on rising yields, as it might signal a need to shift toward more defensive investments. Diversification remains critical in managing risks during this period. <h3 style="text-align: justify;">Our Methodology</h3> For this article, we checked all the large-cap companies trading on Robinhood with at least 50% positive analyst ratings. We narrowed our list to nearly 40 stocks that were trading below a forward price-to-earnings multiple of under 15. We also skipped the stocks that were trading above or at their industry median despite trading below a PE ratio of 15. Finally, we chose the 10 cheapest stocks to buy based on their average analyst price target upside as of November 25 (pre-market open). These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1213908 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/30225333/HMC-insidermonkey-1698720811081.jpg" alt="Why Honda Motor Co., Ltd. (HMC) is Cheapest Stocks to Buy on Robinhood?" width="1456" height="816" /> A fleet of motorcycles and vehicles lined up in an assembly line with workers in the background. <h3 style="text-align: justify;">Honda Motor Co., Ltd. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/honda%20motor%20ltd/715153/">HMC</a>)</h3> Market Cap: $41.4 billion FWD PE Ratio: 5.85 Average Price Target Upside: 38.53% Honda Motor Co., Ltd. (NYSE:HMC) designs, manufactures, and sells motorcycles, automobiles, power products, and other goods globally. It operates through several segments including Motorcycles, Automobiles, Financial Services, and Power Products. The company also supplies spare parts and after-sale services through a network of dealers and distributors. Honda (NYSE:HMC) demonstrated solid financial performance in the first half of FY 2025, driven by strong motorcycle sales and stable operations in key markets like North America and Japan. Despite challenges in China and rising costs, the company maintained its full-year profit forecast and continues to prioritize shareholder returns through dividends and share buybacks. The company highlighted steady sales growth in motorcycles and ICE/HEV vehicles in FQ2 2025 with motorcycle sales reaching 10.38 million units, while automobile and power product sales stood at 1.78 million and 1.65 million units, respectively. Operating profit saw a ¥46 billion (¥1 = US$0.0065) increase, with higher unit sales and pricing offset by increased incentives, R&D expenses, and currency impacts. However, total automobile sales declined by 155,000 units year-over-year, largely due to reduced sales in China. Honda (NYSE:HMC) maintained its full-year operating profit forecast of ¥1.42 trillion but reduced its profit forecast attributable to owners to ¥950 billion, reflecting weakened Chinese sales and lower domestic affiliate profits. Interim and annual dividends are set at ¥34 and ¥68 per share, respectively, with an additional ¥100 billion allocated for share buybacks. Full-year forecasts include higher motorcycle sales in Asia, unchanged automobile and power product forecasts, and adjustments for currency fluctuations and increased costs. Overall, HMC ranks 8th on our list of cheapest stocks to buy on Robinhood. While we acknowledge the potential of HMC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HMC but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-3/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why MGM Resorts International (MGM) is One of the Cheapest Stocks to Buy on Robinhood?</title> <link>https://www.insidermonkey.com/blog/why-mgm-resorts-international-mgm-is-one-of-the-cheapest-stocks-to-buy-on-robinhood-1398664/</link> <pubDate>Wed, 27 Nov 2024 16:42:03 +0000</pubDate> <dc:creator>Affan Mir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398664</guid> <description><![CDATA[We recently published a list of 10 Cheapest Stocks to Buy On Robinhood. In this article, we are going to take a look at where MGM Resorts (NYSE:MGM) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/10-cheapest-stocks-to-buy-on-robinhood-1397347/">10 Cheapest Stocks to Buy On Robinhood</a>. In this article, we are going to take a look at where MGM Resorts (NYSE:MGM) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal trends, strong retail, and corporate activity, and positive market momentum following the November election still suggests a potential for continued growth in U.S. equities. Goldman Sachs’ Scott Rubner predicts a year-end rally that will push the S&P to 6,200 points as reported by Bloomberg on November 25. He attributes this potential rally to growing retail enthusiasm in equities and crypto, seasonal trading patterns, and increasing corporate buyback demand. Rubner noted that the recent consolidation phase is typical, and highlighted significant inflows into U.S. equities, with the broader market gaining over 3% since the November 5 presidential vote and the Russell 2000 rising 6.5%. Historically, strong market performance in election years tends to extend into January, with the capital being deployed at the start of the new year. READ ALSO: <a href="https://www.insidermonkey.com/blog/jim-cramers-lightning-round-9-stocks-in-spotlight-1396815/">Jim Cramer’s Lightning Round: 9 Stocks in Spotlight</a> and <a href="https://www.insidermonkey.com/blog/10-best-renewable-energy-penny-stocks-to-invest-in-2-1396570/">10 Best Renewable Energy Penny Stocks to Invest In</a>. <h2 style="text-align: justify;">Strategic Investment Moves in a Shifting Economy</h2> In an interview with Seana Smith and Madison Mills of Yahoo Finance, Jim Smigiel, SEI’s Chief Investment Officer, highlighted several key insights for investors, in light of President-elect Donald Trump’s pro-growth policies. He warned that these policies could lead to higher inflation and rising interest rates, which may impact investment strategies. For investors, the focus should be on understanding how inflation and rates can affect different assets and staying prepared for potential shifts in the market. Smigiel sees opportunities in small-cap stocks, value stocks, and financials, which are expected to benefit from the current reflationary environment. He suggested investors consider diversifying their portfolios to reduce reliance on highly concentrated growth sectors like tech. Active management, where professional fund managers select investments, could also be a useful strategy to broaden exposure and adapt to market changes. While higher rates could eventually pose challenges, Smigiel noted that small-cap stocks remain attractive for now due to improved debt structures, providing a window of opportunity until around 2026. Investors should keep an eye on rising yields, as it might signal a need to shift toward more defensive investments. Diversification remains critical in managing risks during this period. <h3 style="text-align: justify;">Our Methodology</h3> For this article, we checked all the large-cap companies trading on Robinhood with at least 50% positive analyst ratings. We narrowed our list to nearly 40 stocks that were trading below a forward price-to-earnings multiple of under 15. We also skipped the stocks that were trading above or at their industry median despite trading below a PE ratio of 15. Finally, we chose the 10 cheapest stocks to buy based on their average analyst price target upside as of November 25 (pre-market open). These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1197170 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/23150635/MGM-insidermonkey-1695495992960.jpg" alt="Why MGM Resorts International (MGM) is Cheapest Stocks to Buy on Robinhood?" width="1456" height="816" /> Aerial shot of an entertainment resort, its buildings and gaming amenities sprawling along the seafront. <h3 style="text-align: justify;">MGM Resorts International (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/mgm%20resorts%20international/789570/">MGM</a>)</h3> Market Cap: $11.255 billion FWD PE Ratio: 14.73 Average Price Target Upside: 38.89% MGM Resorts International (NYSE:MGM) owns and manages casino, hotel, and entertainment resorts across the U.S. and internationally. It operates through Las Vegas Strip Resorts, Regional Operations, and MGM China. Its properties feature gaming, hotels, dining, conventions, entertainment, retail, and other amenities. Casino offerings include slots, table games, online sports betting, and iGaming via BetMGM. In the third quarter, while MGM Resorts (NYSE:MGM) missed analyst estimates in revenue and EPS, it delivered record-breaking numbers, including all-time highs in consolidated net revenue and adjusted property EBITDA at MGM China. Las Vegas saw a 1% revenue increase, a 2% rise in adjusted property EBITDAR, a 3% growth in average daily rate (ADR), and a 250 basis-point rise in occupancy, aided by $37 million in insurance proceeds related to a prior cybersecurity event. Regional properties achieved a 3% revenue increase and a 2% EBITDAR growth, supported by $15 million in insurance proceeds. MGM China reported a 14% year-over-year revenue increase, a 5% rise in EBITDAR, and a 26% margin, with market share at 15%. BetMGM posted strong digital results, achieving profitability and a 70% rise in first-time depositors. International efforts included a joint venture with Grupo Globo in Brazil and preparations for launches in Osaka, New York, UAE, and Thailand. <a href="https://www.insidermonkey.com/institutional-investor/artisan-partners-limited-partnership/26598/">Artisan Partners</a> stated the following regarding MGM Resorts International (NYSE:MGM) in its Q3 2024 <a href="https://www.insidermonkey.com/blog/artisan-mid-cap-value-fund-added-mgm-resorts-international-mgm-to-its-portfolio-on-dip-1392683/">investor letter</a>: <blockquote> “We are always on the lookout for companies that are under pressure in some form or fashion as this can create the conditions for an attractive entry price. Though equity markets have made substantial gains over the past year, we have still found select opportunities to put capital to work. Q3 purchases included Warner Music Group, MGM Resorts International (NYSE:MGM) and Polaris. MGM is a leading owner and operator of casinos in Las Vegas, at regional US locations, in China via its ~56% ownership of MGM China (Macau) and in the metaverse via iGaming and sports gambling app BetMGM. BetMGM is a 50% owned joint venture between Entain and MGM for online sports betting (OSB) and iGaming. Gaming is a good business. MGM generates a high-teens return on equity and consistent free cash flow. Free cash flow is used for stock buybacks and reinvestment into the business. We took advantage of the stock’s pullback in August when MGM reported earnings. Despite healthy results in Las Vegas and Macau, BetMGM continued to report losses, and there was cautious commentary about bookings ahead of the November Formula 1 race. Additionally, China macro concerns have been an overhang. The stock sells for about 13X FY1 earnings.” </blockquote> Overall, MGM ranks 7th on our list of cheapest stocks to buy on Robinhood. While we acknowledge the potential of MGM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MGM but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-3/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why JD.com, Inc. (JD) is One of the Cheapest Stocks to Buy on Robinhood?</title> <link>https://www.insidermonkey.com/blog/why-jd-com-inc-jd-is-one-of-the-cheapest-stocks-to-buy-on-robinhood-1398667/</link> <pubDate>Wed, 27 Nov 2024 16:39:04 +0000</pubDate> <dc:creator>Affan Mir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398667</guid> <description><![CDATA[We recently published a list of 10 Cheapest Stocks to Buy On Robinhood. In this article, we are going to take a look at where JD.com, Inc. (NASDAQ:JD) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/10-cheapest-stocks-to-buy-on-robinhood-1397347/">10 Cheapest Stocks to Buy On Robinhood</a>. In this article, we are going to take a look at where JD.com, Inc. (NASDAQ:JD) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal trends, strong retail, and corporate activity, and positive market momentum following the November election still suggests a potential for continued growth in U.S. equities. Goldman Sachs’ Scott Rubner predicts a year-end rally that will push the S&P to 6,200 points as reported by Bloomberg on November 25. He attributes this potential rally to growing retail enthusiasm in equities and crypto, seasonal trading patterns, and increasing corporate buyback demand. Rubner noted that the recent consolidation phase is typical, and highlighted significant inflows into U.S. equities, with the broader market gaining over 3% since the November 5 presidential vote and the Russell 2000 rising 6.5%. Historically, strong market performance in election years tends to extend into January, with the capital being deployed at the start of the new year. READ ALSO: <a href="https://www.insidermonkey.com/blog/jim-cramers-lightning-round-9-stocks-in-spotlight-1396815/">Jim Cramer’s Lightning Round: 9 Stocks in Spotlight</a> and <a href="https://www.insidermonkey.com/blog/10-best-renewable-energy-penny-stocks-to-invest-in-2-1396570/">10 Best Renewable Energy Penny Stocks to Invest In</a>. <h2 style="text-align: justify;">Strategic Investment Moves in a Shifting Economy</h2> In an interview with Seana Smith and Madison Mills of Yahoo Finance, Jim Smigiel, SEI’s Chief Investment Officer, highlighted several key insights for investors, in light of President-elect Donald Trump’s pro-growth policies. He warned that these policies could lead to higher inflation and rising interest rates, which may impact investment strategies. For investors, the focus should be on understanding how inflation and rates can affect different assets and staying prepared for potential shifts in the market. Smigiel sees opportunities in small-cap stocks, value stocks, and financials, which are expected to benefit from the current reflationary environment. He suggested investors consider diversifying their portfolios to reduce reliance on highly concentrated growth sectors like tech. Active management, where professional fund managers select investments, could also be a useful strategy to broaden exposure and adapt to market changes. While higher rates could eventually pose challenges, Smigiel noted that small-cap stocks remain attractive for now due to improved debt structures, providing a window of opportunity until around 2026. Investors should keep an eye on rising yields, as it might signal a need to shift toward more defensive investments. Diversification remains critical in managing risks during this period. <h3 style="text-align: justify;">Our Methodology</h3> For this article, we checked all the large-cap companies trading on Robinhood with at least 50% positive analyst ratings. We narrowed our list to nearly 40 stocks that were trading below a forward price-to-earnings multiple of under 15. We also skipped the stocks that were trading above or at their industry median despite trading below a PE ratio of 15. Finally, we chose the 10 cheapest stocks to buy based on their average analyst price target upside as of November 25 (pre-market open). These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1196346 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/21085208/JD-insidermonkey-1695300726565.jpg" alt="Why JD.com, Inc. (JD) is Cheapest Stocks to Buy on Robinhood?" width="1456" height="816" /> A wide and imposing view of a supply chain distribution center, illustrating the company's technology capabilities. <h3 style="text-align: justify;">JD.com, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/jdcom%20inc/1549802/">JD</a>)</h3> Market Cap: $56.5 billion FWD PE Ratio: 8.7 Average Price Target Upside: 44.15% JD.com, Inc. (NASDAQ:JD) is a technology and service provider centered on supply chains in China. The company offers a wide range of products, including electronics, home appliances, groceries, personal care items, pharmaceuticals, and more. It also supports third-party merchants with online marketplace services, marketing, and omni-channel solutions. The company manages logistics facilities, offers real estate services, and provides technology-driven supply chain solutions. Additionally, the company supports enterprise digitization through integrated technology and data solutions. JD.com (NASDAQ:JD) reported its earnings on November 14, posting a non-GAAP EPADS of $1.24 and revenue of $37.1 billion, outperforming the estimates by $0.20 and $1.02 billion, respectively. The company experienced a sell-off after earnings. However, Barclays considers the sell-off unjustified as reported by The Fly on November 17. The firm views the company’s Q3 results as strong, highlighting management’s optimistic outlook. The firm believes that the sell-off was unwarranted especially after JD.com (NASDAQ:JD) repurchased over 8% of its shares this year. Positive factors include accelerating revenue growth, improving monthly trends in Q3, better-than-expected gross and operating margins, and a focus on shareholder returns. Barclays maintained an Overweight rating with a $50 price target. <a href="https://www.insidermonkey.com/hedge-fund/ariel-investments/34/">Ariel Investments</a> stated the following regarding JD.com, Inc. (NASDAQ:JD) in its Q3 2024 <a href="https://www.insidermonkey.com/blog/jd-com-jd-surged-on-improved-investor-confidence-1394165/">investor letter</a>: <blockquote> “China-based E-commerce company, JD.com, Inc. (NASDAQ:JD) was the top contributor in the quarter as the People’s Bank of China’s (PBOC) comprehensive stimulus measures bolstered investor confidence in the Chinese economy. The improving economic sentiment is fueling consumer spending which benefits the company’s retail operations. Additionally, the company’s strategic decision to diversify general merchandise product offerings, expand its third-party marketplace business and monetize advertising streams has contributed to consecutive quarterly earnings beats. JD.com is also poised to capitalize on the home appliance trade-in program, which is one of its largest product categories. Given the favorable market environment, the company’s strategic positioning and supply chain efficiency improvements, we continue to like its long-term growth prospects.” </blockquote> Overall, JD ranks 4th on our list of cheapest stocks to buy on Robinhood. While we acknowledge the potential of JD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JD but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-3/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Why First Solar, Inc. (FSLR) is One of the Cheapest Stocks to Buy on Robinhood?</title> <link>https://www.insidermonkey.com/blog/why-first-solar-inc-fslr-is-one-of-the-cheapest-stocks-to-buy-on-robinhood-1398668/</link> <pubDate>Wed, 27 Nov 2024 16:37:23 +0000</pubDate> <dc:creator>Affan Mir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398668</guid> <description><![CDATA[We recently published a list of 10 Cheapest Stocks to Buy On Robinhood. In this article, we are going to take a look at where First Solar, Inc. (NASDAQ:FSLR) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/10-cheapest-stocks-to-buy-on-robinhood-1397347/">10 Cheapest Stocks to Buy On Robinhood</a>. In this article, we are going to take a look at where First Solar, Inc. (NASDAQ:FSLR) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal trends, strong retail, and corporate activity, and positive market momentum following the November election still suggests a potential for continued growth in U.S. equities. Goldman Sachs’ Scott Rubner predicts a year-end rally that will push the S&P to 6,200 points as reported by Bloomberg on November 25. He attributes this potential rally to growing retail enthusiasm in equities and crypto, seasonal trading patterns, and increasing corporate buyback demand. Rubner noted that the recent consolidation phase is typical, and highlighted significant inflows into U.S. equities, with the broader market gaining over 3% since the November 5 presidential vote and the Russell 2000 rising 6.5%. Historically, strong market performance in election years tends to extend into January, with the capital being deployed at the start of the new year. READ ALSO: <a href="https://www.insidermonkey.com/blog/jim-cramers-lightning-round-9-stocks-in-spotlight-1396815/">Jim Cramer’s Lightning Round: 9 Stocks in Spotlight</a> and <a href="https://www.insidermonkey.com/blog/10-best-renewable-energy-penny-stocks-to-invest-in-2-1396570/">10 Best Renewable Energy Penny Stocks to Invest In</a>. <h2 style="text-align: justify;">Strategic Investment Moves in a Shifting Economy</h2> In an interview with Seana Smith and Madison Mills of Yahoo Finance, Jim Smigiel, SEI’s Chief Investment Officer, highlighted several key insights for investors, in light of President-elect Donald Trump’s pro-growth policies. He warned that these policies could lead to higher inflation and rising interest rates, which may impact investment strategies. For investors, the focus should be on understanding how inflation and rates can affect different assets and staying prepared for potential shifts in the market. Smigiel sees opportunities in small-cap stocks, value stocks, and financials, which are expected to benefit from the current reflationary environment. He suggested investors consider diversifying their portfolios to reduce reliance on highly concentrated growth sectors like tech. Active management, where professional fund managers select investments, could also be a useful strategy to broaden exposure and adapt to market changes. While higher rates could eventually pose challenges, Smigiel noted that small-cap stocks remain attractive for now due to improved debt structures, providing a window of opportunity until around 2026. Investors should keep an eye on rising yields, as it might signal a need to shift toward more defensive investments. Diversification remains critical in managing risks during this period. <h3 style="text-align: justify;">Our Methodology</h3> For this article, we checked all the large-cap companies trading on Robinhood with at least 50% positive analyst ratings. We narrowed our list to nearly 40 stocks that were trading below a forward price-to-earnings multiple of under 15. We also skipped the stocks that were trading above or at their industry median despite trading below a PE ratio of 15. Finally, we chose the 10 cheapest stocks to buy based on their average analyst price target upside as of November 25 (pre-market open). These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1197150 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/23141326/FSLR-insidermonkey-1695492804658.jpg" alt="Why First Solar, Inc. (FSLR) is Cheapest Stocks to Buy on Robinhood?" width="1456" height="816" /> A solar panel farm with an orange sky illuminating the vast landscape. <h3 style="text-align: justify;">First Solar, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/first%20solar%20inc/1274494/">FSLR</a>)</h3> Market Cap: $20 billion FWD PE Ratio: 14 Average Price Target Upside: 50.23% First Solar, Inc. (NASDAQ:FSLR) is a solar technology company established in 1999. It provides photovoltaic (PV) solar energy solutions globally. The company specializes in manufacturing cadmium telluride thin-film solar modules, offering a lower-carbon alternative to traditional crystalline silicon PV modules. Its services include project development, operations and maintenance, and selling PV solar systems to third-party clients. As of Q3, the company has a 73.3 GW backlog with orders extending to 2030. The company aims to reach 14 GW of U.S. production capacity and 25 GW globally by 2026, supported by its Alabama factory and a Louisiana facility expected to start in late 2025. Growing capacity, stable solar panel prices, and a favorable interest rate outlook position it to meet rising demand. First Solar’s (NASDAQ:FSLR) stock has recently seen a sell-off after missing estimates and US election results. However, many analysts view this in a positive light. After Trump’s presidential win, Roth MKM says cutting the investment tax credit/production tax credit earlier could hurt solar demand as Republicans look for ways to fund tax cuts. However, the 45X tax credit seems safe, which is good news for First Solar (NASDAQ:FSLR) and others. GOP House Speaker Mike Johnson said they would make careful changes to the IRA. With solar stocks falling, Roth suggests this may be a good time to buy First Solar and Nextracker. Overall, FSLR ranks 3rd on our list of cheapest stocks to buy on Robinhood. While we acknowledge the potential of FSLR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FSLR but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-3/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Instant Funding Prop Firms: How They Work and What Traders Need to Know</title> <link>https://www.insidermonkey.com/blog/instant-funding-prop-firms-how-they-work-and-what-traders-need-to-know-1398820/</link> <pubDate>Wed, 27 Nov 2024 16:37:10 +0000</pubDate> <dc:creator>Insider Monkey Staff</dc:creator> <category><![CDATA[Business]]></category> <category><![CDATA[News]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398820</guid> <description><![CDATA[Instant funding prop firms provide financial backing to skilled traders, offering immediate access to trading capital without lengthy evaluation phases. This approach allows experienced investors to scale their strategies while managing risk with someone else’s capital. Understanding how these firms operate, their financing processes, and key factors for choosing a reliable firm is essential for […]]]></description> <content:encoded><![CDATA[Instant funding prop firms provide financial backing to skilled traders, offering immediate access to trading capital without lengthy evaluation phases. This approach allows experienced investors to scale their strategies while managing risk with someone else’s capital. Understanding how these firms operate, their financing processes, and key factors for choosing a reliable firm is essential for traders seeking to maximize profit potential. <img class="aligncenter size-large wp-image-1398822" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2024/11/27113053/Instant-Funding-Prop-Firms-716x600.png" alt="" width="716" height="600" /> <h2>How Does an Instant Funding Prop Firm Work?</h2> Here’s a breakdown of the general process of Instant funding prop firm operation: <h3>1. Application and Account Setup</h3> Traders usually start by applying to the firm and creating a trading account. For some firms, this process is as simple as registering, while others may ask for a small deposit or fee. <h3>2. Instant Funding</h3> Once the account is approved, the firm deposits funds directly into the trader’s account, often without an evaluation or probationary period. This fast access enables investors to dive into investment without delays. <h3>3. Profit and Loss Sharing</h3> Profits made from trades are shared between the trader and the firm, with most firms offering favorable splits of up to 80%. However, traders must also follow certain rules, such as maintaining a specific drawdown limit to avoid risking the firm's capital. <h3>4. Risk Management Policies</h3> Many firms enforce drawdown limits and risk policies to protect their capital. For example, traders may face daily or maximum drawdown caps, and in most cases, leverage is provided to boost trading capacity without a large initial outlay. <table> <tbody> <tr> <td>Aspect</td> <td>Details</td> </tr> <tr> <td>Minimum Instant Funding</td> <td>Typically ranges from $1,000 to $10,000</td> </tr> <tr> <td>Leverage</td> <td>Varies (up to 1:100)</td> </tr> <tr> <td>Profit Share</td> <td>Generally 50%-80%</td> </tr> <tr> <td>Drawdown Limit</td> <td>Between 5% and 10%</td> </tr> </tbody> </table> Fast-funding proprietary firms cater to different trading preferences, providing diverse instruments like forex, commodities, indices, and <a href="https://documents1.worldbank.org/curated/en/293821525702130886/pdf/Cryptocurrencies-and-blockchain.pdf">crypto</a>. This flexibility enables traders to adapt their strategies as market conditions change. <h2>What Are the Benefits of Instant Funding Prop Firms?</h2> Instant funding prop firms are particularly appealing for their flexibility and the opportunity they provide for quick access to capital. Here are some main advantages: • Immediate capital access: Traders can start trading right after registration, bypassing time-consuming evaluations. • Profit potential: With profit splits reaching up to 80%, investors can retain most of their earnings. • Risk reduction: Traders use the firm’s capital, reducing their own financial exposure. • Diverse instruments: Most firms allow trading in multiple <a href="https://www.investor.gov/introduction-investing/investing-basics/glossary/asset-classes#:~:text=Investments%20that%20have%20similar%20characteristics,stocks%2C%20bonds%2C%20and%20cash.">asset classes</a>, expanding trading opportunities. <img class="aligncenter size-large wp-image-1398825" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2024/11/27113435/The-Benefits-of-Instant-Funding-Prop-Firms-1-716x600.jpg" alt="" width="716" height="600" /> <h2>Top 5 Instant Funding Prop Firms</h2> The trading industry features numerous dedicated platforms that prioritize trader education and safety. According to recent reviews by Witzel Trading these <a href="https://witzeltrading.com/tools/prop-trading/firms/instant-funding-firms/">instant funding prop firms</a> stand out for their reliable instant funding programs: Below is an overview of the top 5 firms they identified: <h3>1. FTUK</h3> FTUK offers a streamlined process with instant funding and a profit share of up to 80%. Starting with a $200 fee, traders can access a $14,000 funded account with leverage up to 1:100. <h3>2. InstantFunding.io</h3> Known for innovative technology, InstantFunding.io offers one-phase and two-phase evaluations. Starting fees are as low as $79, with a profit split of 90% for successful traders. <h3>3. The 5%ers</h3> It offers instant funding starting at $6,000, with profit sharing from 50% and growth programs that allow accounts to scale based on performance. Investors gain access to a range of instruments and leverage up to 1:30, supported by educational resources and mentorship opportunities. <h3>4. Audacity Capital</h3> This firm combines instant funding with robust support, providing trading capital starting at $7,500. Audacity Capital is designed for experienced traders seeking a scalable account with limited fees. <h3>5. City Traders Imperium</h3> City Traders Imperium is popular for its high-profit split and extensive support network, accepting investors from over 60 countries and offering leverage up to 1:33. <img class="aligncenter size-large wp-image-1398827" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2024/11/27113617/Top-5-Instant-Funding-Prop-Firms-716x600.jpg" alt="" width="716" height="600" /> Each of these firms presents unique benefits suited to different trading styles and levels of experience. <h2>Which Prop Firm Should You Choose?</h2> To find the right instant funding prop firm, consider these factors: <table> <tbody> <tr> <td>Factor</td> <td>Details</td> </tr> <tr> <td>Profit Share</td> <td>Look for a firm that offers a high percentage of profits, usually around 70%-90%.</td> </tr> <tr> <td>Leverage Options</td> <td>Leverage capital to enhance trading potential, but be mindful of the higher risks involved.</td> </tr> <tr> <td>Risk Management Policies</td> <td>Ensure the firm has clear risk policies, such as drawdown limits, to help manage exposure.</td> </tr> <tr> <td>Trading Instruments</td> <td>Verify if the firm provides a range of instruments you’re comfortable trading, such as forex, stocks, or crypto.</td> </tr> <tr> <td>Platform Compatibility</td> <td>Ensure the firm offers compatibility with MetaTrader 4 and 5, as these platforms are widely used among traders.</td> </tr> </tbody> </table> Instant funding prop firms are revolutionizing how investors access capital, making it easier to trade without large upfront investments. By choosing a reliable firm and following proper risk management, traders can make the most of these opportunities while expanding their market knowledge and skills.  ]]></content:encoded> </item> <item> <title>Dell Technologies (DELL) Set to Impress: Anticipated Earnings and Revenue Growth Fuel Wall Street Optimism</title> <link>https://www.insidermonkey.com/blog/dell-technologies-dell-set-to-impress-anticipated-earnings-and-revenue-growth-fuel-wall-street-optimism-1398389/</link> <pubDate>Wed, 27 Nov 2024 16:24:01 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398389</guid> <description><![CDATA[We recently published a list of 15 AI News Updates Wall Street Is Monitoring. In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against other AI news updates that Wall Street is monitoring. AI companies in the United States, many of whom have extensive business relations in […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/15-ai-news-updates-wall-street-is-monitoring-2-1398174/">15 AI News Updates Wall Street Is Monitoring</a>. In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against other AI news updates that Wall Street is monitoring. AI companies in the United States, many of whom have extensive business relations in China, are waiting anxiously for President-elect Donald Trump to assume office and announce possible changes to American policies towards China that will provide greater clarity on future US trade with the Asian country. Top executives from US-based firms were in China recently to meet with Chinese business leaders amid rumors of a massive spike in tariffs on goods being imported to Washington from Beijing. Latest reports from news platform Axios contend that Donald Trump is considering the appointment of an AI czar in the White House to coordinate federal policy and governmental use of artificial intelligence Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. Per the report, billionaire Elon Musk, who has publicly backed Trump during the 2024 election and is rumored to have a key influence over the President-elect on AI policy, will not be the AI czar. However, the report adds that Musk is nevertheless expected to be involved in shaping the future of the debate and use cases related to AI. xAI, the AI startup Musk founded in 2023, recently raised $5 billion in a funding round. The latest round of funding brought the valuation of the startup to over $50 billion. xAI is competing with OpenAI, the ChatGPT maker with a valuation of more than $157 billion. READ ALSO: <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1197063 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/23101657/DELL-insidermonkey-1695478615455.jpg" alt="Dell Technologies (DELL) Set to Impress: Anticipated Earnings and Revenue Growth Fuel Wall Street Optimism" width="1456" height="816" /> A team of IT experts discussing the latest network security trends over a laptop screen. <h3 style="text-align: justify;">Dell Technologies Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/dell%20technologies%20inc/1571996/">DELL</a>)</h3> Number of Hedge Fund Holders: 60 Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services. The company is expected to announce third quarter earnings results soon. Wall Street expects the company to deliver earnings per share of $2.06, up 9.6% year-on-year, and a revenue of $24.72 billion, up 10.9% year-on-year. The firm has beaten EPS estimates and revenue estimates nearly 88% of the time over the past two years. Overall, DELL ranks 10th on our list of AI news updates Wall Street is monitoring. While we acknowledge the potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DELL but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Meta Platforms, Inc. (META): Trial Set for April Over FTC Allegations of Anti-Competitive Acquisitions of Instagram and WhatsApp</title> <link>https://www.insidermonkey.com/blog/meta-platforms-inc-meta-trial-set-for-april-over-ftc-allegations-of-anti-competitive-acquisitions-of-instagram-and-whatsapp-1398516/</link> <pubDate>Wed, 27 Nov 2024 16:19:16 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398516</guid> <description><![CDATA[We recently compiled a list of the 15 AI Stocks That are Making Headlines. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other AI stocks. Perplexity, the California-based AI startup that is challenging the dominance of Google in the Internet Search market, is considering the […]]]></description> <content:encoded><![CDATA[We recently compiled a list of the <a href="https://www.insidermonkey.com/blog/15-ai-stocks-that-are-making-headlines-1398176/">15 AI Stocks That are Making Headlines</a>. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other AI stocks. Perplexity, the California-based AI startup that is challenging the dominance of Google in the Internet Search market, is considering the development of a $50 device that brings the conversational search abilities of the platforms it offers on the consumer market. Aravind Srinivas, the CEO of the firm, recently posted on social networking platform X and said the company would definitely sell such a device if the post got more than 5,000 likes. Other AI startups have also tried making AI-only devices, the latest example being Humane and their AI Pin, but these devices have not caught mass attention because of buggy performance. Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. Perplexity could succeed where others have failed as the firm has much more cash in the bank to hire the right teams for the purpose. News publication The Wall Street Journal recently reported that the startup is planning to raise more than $500 million at an upcoming funding round that would value the firm at more than $8 billion. The report claims that the platform the startup markets currently receives about 15 million queries a day READ ALSO: <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="size-full wp-image-1195721" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/19153233/META-insidermonkey-1695151950867.jpg" alt="" width="1456" height="816" /> A team of developers working in unison to create the company's messaging application. <h3 style="text-align: justify;">Meta Platforms, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/meta%20platforms%20inc/1326801/">META</a>)</h3> Number of Hedge Fund Holders: 235 Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. On November 26, news agency Reuters reported that the company, which is integrating AI products into Instagram and WhatsApp, the two most important social media platforms it owns, will face a trial in April over allegations that the platform bought Instagram and WhatsApp to crush emerging competition. In 2020, the FTC sued the company, alleging it acted illegally to maintain a monopoly on personal social networks. The FTC claims Meta overpaid for Instagram and WhatsApp to eliminate new threats. Overall, META ranks 3rd on our list of the AI stocks that are making headlines. While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/">30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Amazon.com (AMZN) and Philips Expand Collaboration: AI-Powered Diagnostics in the Cloud</title> <link>https://www.insidermonkey.com/blog/amazon-com-amzn-and-philips-expand-collaboration-ai-powered-diagnostics-in-the-cloud-1398398/</link> <pubDate>Wed, 27 Nov 2024 16:15:45 +0000</pubDate> <dc:creator>Usman Kabir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398398</guid> <description><![CDATA[We recently published a list of 15 AI News Updates Wall Street Is Monitoring. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other AI news updates that Wall Street is monitoring. AI companies in the United States, many of whom have extensive business relations in China, […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/15-ai-news-updates-wall-street-is-monitoring-2-1398174/">15 AI News Updates Wall Street Is Monitoring</a>. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other AI news updates that Wall Street is monitoring. AI companies in the United States, many of whom have extensive business relations in China, are waiting anxiously for President-elect Donald Trump to assume office and announce possible changes to American policies towards China that will provide greater clarity on future US trade with the Asian country. Top executives from US-based firms were in China recently to meet with Chinese business leaders amid rumors of a massive spike in tariffs on goods being imported to Washington from Beijing. Latest reports from news platform Axios contend that Donald Trump is considering the appointment of an AI czar in the White House to coordinate federal policy and governmental use of artificial intelligence Read more about these developments by accessing <a href="https://www.insidermonkey.com/blog/10-best-ai-data-center-stocks-1370050/">10 Best AI Data Center Stocks</a> and <a href="https://www.insidermonkey.com/blog/10-buzzing-ai-stocks-according-to-goldman-sachs-1355133/">10 Buzzing AI Stocks According to Goldman Sachs</a>. Per the report, billionaire Elon Musk, who has publicly backed Trump during the 2024 election and is rumored to have a key influence over the President-elect on AI policy, will not be the AI czar. However, the report adds that Musk is nevertheless expected to be involved in shaping the future of the debate and use cases related to AI. xAI, the AI startup Musk founded in 2023, recently raised $5 billion in a funding round. The latest round of funding brought the valuation of the startup to over $50 billion. xAI is competing with OpenAI, the ChatGPT maker with a valuation of more than $157 billion. READ ALSO: <a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/#google_vignette">30 Most Important AI Stocks According to BlackRock</a> and <a href="https://www.insidermonkey.com/blog/beyond-the-tech-giants-35-non-tech-ai-opportunities-1349818/#google_vignette">Beyond the Tech Giants: 35 Non-Tech AI Opportunities</a>. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1195719 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/19152853/AMZN-insidermonkey-1695151731080.jpg" alt="Amazon.com (AMZN) and Philips Expand Collaboration: AI-Powered Diagnostics in the Cloud" width="1456" height="816" /> A customer entering an internet retail store, illustrating the convenience of online shopping. <h3 style="text-align: justify;">Amazon.com, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/amazon%20com%20inc/1018724/">AMZN</a>)</h3> Number of Hedge Fund Holders: 286 Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. On November 26, electronics company Philips announced that it would be expanding a strategic collaboration with Amazon Web Services to offer the integrated diagnostics portfolio of the former in the cloud, including radiology, digital pathology, cardiology, and AI advanced visualization solutions. Philips has already successfully transitioned over 150 sites across North America and Latin America to Philips HealthSuite Imaging on AWS. Overall, AMZN ranks 1st on our list of AI news updates Wall Street is monitoring. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-fire-sale-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount-5/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Hedge Fund Investor Letters Q3 2024</title> <link>https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q3-2024-1366858/</link> <pubDate>Wed, 27 Nov 2024 16:12:00 +0000</pubDate> <dc:creator>Soumya Eswaran</dc:creator> <category><![CDATA[Hedge Fund Investor Letters]]></category> <category><![CDATA[News]]></category> <category><![CDATA[2024 Q3 Hedge Fund Investor Letters]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[Headline]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1366858</guid> <description><![CDATA[We will be sharing Q3 2024 hedge fund investor letters in this article. You can also see the hedge fund investor letters for 2024 Q2 ,2024 Q1, 2023 Q4, 2023 Q3, 2023 Q2, 2023 Q1, and 2022 Q4 by clicking the links. Hedge Fund Investor Letters and Updates for 2024 Q3 ClearBridge Investments Large Cap Growth […]]]></description> <content:encoded><![CDATA[We will be sharing Q3 2024 hedge fund investor letters in this article. You can also see the hedge fund investor letters for <a href="https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q2-2024-1320841/">2024 Q2</a> ,<a href="https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q1-2024-1286233/">2024 Q1</a>, <a href="https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q4-2023-1244520/">2023 Q4</a>, <a href="https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q3-2023-1202096/">2023 Q3</a>, <a href="https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q2-2023-1165429/">2023 Q2</a>, <a href="https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q1-2023-1138972/">2023 Q1</a>, and <a href="https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q4-2022-1106387/">2022 Q4</a> by clicking the links. <h2>Hedge Fund Investor Letters and Updates for 2024 Q3</h2> <ul> <li><a title="Permanent Link to ClearBridge Investments Large Cap Growth Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/clearbridge-investments-large-cap-growth-strategys-q3-2024-investor-letter-1366593/" rel="bookmark">ClearBridge Investments Large Cap Growth Strategy</a> ($EL, $SBUX, $APTV, $ACN, $NVDA, $TEAM)</li> <li><a title="Permanent Link to Palm Valley Capital Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/palm-valley-capital-funds-q3-2024-investor-letter-1366564/" rel="bookmark">Palm Valley Capital Fund</a> ($NATH, $RGP, $EQC, $DOX, $TBI, $WLY, $HELE)</li> <li><a title="Permanent Link to Artisan Partners Developing World Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/artisan-partners-developing-world-funds-q3-2024-investor-letter-1368452/" rel="bookmark">Artisan Partners Developing World Fund</a> ($MMYT, $SE, $CRWD, $ADYEY, $SNOW, $MELI, $CDNS)</li> <li><a href="https://www.insidermonkey.com/blog/vltava-funds-q3-2024-investor-letter-1368493/">Vltava Fund</a> ($BRK-B, $AAPL, $NVDA)</li> <li><a title="Permanent Link to Cove Street Capital Small Cap Value Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/cove-street-capital-small-cap-value-funds-q3-2024-investor-letter-1368778/" rel="bookmark">Cove Street Capital Small Cap Value Fund</a> ($CLMB, $RDVT, $OUT, $VSAT, $SSP, $CMP)</li> <li><a title="Permanent Link to Middle Coast Investing’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/middle-coast-investings-q3-2024-investor-letter-1368882/" rel="bookmark">Middle Coast Investing</a> ($SCHW, $ACLS, $ATKR, $APOG, $BOOM, $DALN, $PGR, $DFS, $GOGO, $ATRO, $AMB, $PTLO, $EB, $KRUS, $OMAB)</li> <li><a href="https://www.insidermonkey.com/blog/clearbridge-investments-growth-strategys-q3-2024-investor-letter-1369467/">ClearBridge Investments Growth Strategy</a> ($CRWD, $ELF, $PINS, $PODD, $DEO, $MSCI, $BLDR, $ARES, $WOLF)</li> <li><a title="Permanent Link to ClearBridge Investments Mid Cap Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/clearbridge-investments-mid-cap-strategys-q3-2024-investor-letter-1369662/" rel="bookmark">ClearBridge Investments Mid Cap Strategy</a> ($ATKR, $THC, $FIVE, $APP, $PINS, $AVTR, $SBAC, $ASH)</li> <li><a title="Permanent Link to Headwaters Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/headwaters-capital-managements-q3-2024-investor-letter-1370195/" rel="bookmark">Headwaters Capital Management</a> ($CLMB, $MEDP, $FICO)</li> <li><a title="Permanent Link to Black Bear Value Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/black-bear-value-funds-q3-2024-investor-letter-1370259/" rel="bookmark">Black Bear Value Fund</a> ($BLDR, $CEIX, $ARCH)</li> <li><a title="Permanent Link to Alphyn Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/alphyn-capital-managements-q3-2024-investor-letter-1370206/" rel="bookmark">Alphyn Capital Management</a> ($KKR, $GOOG, $AMZN, $FRFHF, $CCOI, $OCSL)</li> <li><a title="Permanent Link to Baird Chautauqua International and Global Growth Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/baird-chautauqua-international-and-global-growth-funds-q3-2024-investor-letter-1370274/" rel="bookmark">Baird Chautauqua International and Global Growth Fund</a> ($ASML, $TEAM, $BEKE, $BGNE, $MU, $ADYEY, $NVO)</li> <li><a title="Permanent Link to Oakmark Select Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/oakmark-select-funds-q3-2024-investor-letter-1370855/" rel="bookmark">Oakmark Select Fund</a> ($CBRE, $GOOG)</li> <li><a title="Permanent Link to Oakmark International Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/oakmark-international-funds-q3-2024-investor-letter-1370864/" rel="bookmark">Oakmark International Fund</a> ($BABA, $DEO)</li> <li><a title="Permanent Link to Oakmark Equity and Income Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/oakmark-equity-and-income-funds-q3-2024-investor-letter-1370871/" rel="bookmark">Oakmark Equity and Income Fund</a> ($LPLA, $GPC, $MRK, $FI)</li> <li><a title="Permanent Link to Oakmark Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/oakmark-funds-q3-2024-investor-letter-1370910/" rel="bookmark">Oakmark Fund</a> (SCHW)</li> <li><a title="Permanent Link to ClearBridge Investments Large Cap Value Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/clearbridge-investments-large-cap-value-strategys-q3-2024-investor-letter-1370919/" rel="bookmark">ClearBridge Investments Large Cap Value Strategy</a> ($AVGO, $EIX, $ORLY, $APD, $PH, $SHW, $MCK, $INTC, $XPO, $UPS)</li> <li><a title="Permanent Link to Aristotle Capital Value Equity Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/aristotle-capital-value-equity-strategys-q3-2024-investor-letter-1372856/" rel="bookmark">Aristotle Capital Value Equity Strategy</a> ($ADSK, $BX, $AIG, $VZ, $MCHP)</li> <li><a title="Permanent Link to Heartland Advisors Mid Cap Value Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/heartland-advisors-mid-cap-value-funds-q3-2024-investor-letter-1372886/" rel="bookmark">Heartland Advisors Mid Cap Value Fund </a>($DG, $SNN, $RHI)</li> <li><a title="Permanent Link to Heartland Advisors Value Plus Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/heartland-advisors-value-plus-funds-q3-2024-investor-letter-1373065/" rel="bookmark">Heartland Advisors Value Plus Fund</a> ($GTES, $HAYW)</li> <li><a title="Permanent Link to Right Tail Capital’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/right-tail-capitals-q3-2024-investor-letter-1372829/" rel="bookmark">Right Tail Capital</a> ($CDW, $NSIT)</li> <li><a title="Permanent Link to Heartland Advisors Value Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/heartland-advisors-value-funds-q3-2024-investor-letter-1373089/" rel="bookmark">Heartland Advisors Value Fund</a> ($ALEX, $OR, $NGD)</li> <li><a title="Permanent Link to Aristotle Capital International Equity Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/aristotle-capital-international-equity-strategys-q3-2024-investor-letter-1373491/" rel="bookmark">Aristotle Capital International Equity Strategy</a> ($DEO, $BAM, $RTO)</li> <li><a title="Permanent Link to O’keefe Stevens Advisory’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/okeefe-stevens-advisorys-q3-2024-investor-letter-1373578/" rel="bookmark">O’keefe Stevens Advisory</a> ($SWX, $FPH, $BGC, $SEG, $EAF)</li> <li><a title="Permanent Link to Ariel Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/ariel-funds-q3-2024-investor-letter-1373502/" rel="bookmark">Ariel Fund</a> ($BIO, $CLB, $GNTX, $JLL, $MIDD, $LESL, $LAZ, $MHK)</li> <li><a title="Permanent Link to Artisan Partners Mid Cap Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/artisan-partners-mid-cap-funds-q3-2024-investor-letter-1373825/" rel="bookmark">Artisan Partners Mid Cap Fund</a> ($DXCM, $SPOT, $EXAS, $ARGX, $IOT, $EW, $ILMN, $ONTO, $TTEK, $COHR, $CBRE, $HUBS, $CELH, $IRTC, $TREX, $JBL)</li> <li><a title="Permanent Link to LVS Advisory’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/lvs-advisorys-q3-2024-investor-letter-1374436/" rel="bookmark">LVS Advisory</a> ($MEDP)</li> <li><a title="Permanent Link to Fiduciary Management Inc.’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/fiduciary-management-inc-s-q3-2024-investor-letter-1374453/" rel="bookmark">Fiduciary Management Inc.</a> ($BRK-B, $ARW)</li> <li><a title="Permanent Link to Ariel Investments Appreciation Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/ariel-investments-appreciation-funds-q3-2024-investor-letter-1374754/" rel="bookmark">Ariel Investments Appreciation Fund</a> ($CBRE, $SCHW, $SWK, $NOV)</li> <li><a title="Permanent Link to Vulcan Value Partners’ Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/vulcan-value-partners-q3-2024-investor-letter-1375266/" rel="bookmark">Vulcan Value Partners</a> ($KKR, $PRG, $CWK, $DNB, $CBRE, $JLL, $CIGI, $LVMUY, $EG, $LYV)</li> <li><a title="Permanent Link to Patient Capital Management Opportunity Equity’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/patient-capital-management-opportunity-equitys-q3-2024-investor-letter-1375307/" rel="bookmark">Patient Capital Management Opportunity Equity</a> ($BABA, $EXPE, $SDRL, $PLAY, $ET, $KOS, $EVRI, $PGEN, $QXO)</li> <li><a title="Permanent Link to Madison Dividend Income Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/madison-dividend-income-funds-q3-2024-investor-letter-1375999/" rel="bookmark">Madison Dividend Income Fund</a> ($HON)</li> <li><a title="Permanent Link to Madison Mid Cap Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/madison-mid-cap-funds-q3-2024-investor-letter-1376006/" rel="bookmark">Madison Mid Cap Fund</a> ($PCAR, $KMX, $GGG, $ABG, $LAD, $FND, $DLTR, $MCHP, $LBRDA, $MC, $CPRT, $MKSI)</li> <li><a title="Permanent Link to Madison Investors Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/madison-investors-funds-q3-2024-investor-letter-1376436/" rel="bookmark">Madison Investors Fund</a> ($KEYS, $SCHW, $PH, $LOW, $GOOG, $BAM, $FI)</li> <li><a title="Permanent Link to Third Avenue Management Small-Cap Value Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/third-avenue-management-small-cap-value-funds-q3-2024-investor-letter-1377879/" rel="bookmark">Third Avenue Management Small-Cap Value Fund</a> ($SD, $PBF)</li> <li><a title="Permanent Link to Upslope Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/upslope-capital-managements-q3-2024-investor-letter-1377898/" rel="bookmark">Upslope Capital Management</a> ($CME, $CMPO, $GRMN)</li> <li><a title="Permanent Link to Cooper Investors Global Equities Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/cooper-investors-global-equities-funds-q3-2024-investor-letter-1377918/" rel="bookmark">Cooper Investors Global Equities Fund</a> ($GOOGL, $RTO, $TKO, $FYBR)</li> <li><a title="Permanent Link to Praetorian Capital’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/praetorian-capitals-q3-2024-investor-letter-1378002/" rel="bookmark">Praetorian Capital</a> ($AMRK, $SII, $JOE, $VAL, $TDW)</li> <li><a title="Permanent Link to Conestoga Capital Advisors’ Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/conestoga-capital-advisors-q3-2024-investor-letter-1378194/" rel="bookmark">Conestoga Capital Advisors</a> ($CSWI, $EXPO, $ROAD, $AAON, $QTWO, $SLP, $FOXF, $NRC, $VCEL, $PRO, $TREX, $OFLX, $FSV, $MAMA, $COCO, $CGNX, $MSA, $ALTR, $WST, $GWRE, $AXON, $FIVN, $TKNO, $MEG, $ERII, $WLDN, $BWMN, $POOL, $TYL, $CPRT, $PCOR, $ANSS, $ROP, $USPH, $FTNT, $HEI)</li> <li><a title="Permanent Link to Pernas Research’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/pernas-researchs-q3-2024-investor-letter-1378877/" rel="bookmark">Pernas Research </a>($UPWK)</li> <li><a title="Permanent Link to Third Point Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/third-point-managements-q3-2024-investor-letter-1378884/" rel="bookmark">Third Point Management</a> ($VZ, $LUMN, $CNK)</li> <li><a title="Permanent Link to Greenlight Capital’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/greenlight-capitals-q3-2024-investor-letter-1378911/" rel="bookmark">Greenlight Capital </a>($GRBK, $RYAAY)</li> <li><a title="Permanent Link to Wedgewood Partners’ Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/wedgewood-partners-q3-2024-investor-letter-1379411/" rel="bookmark">Wedgewood Partners</a> ($GOOG, $MSFT, $META, $PYPL, $CPRT, $MSI, $EW, $AAPL, $UNH)</li> <li><a title="Permanent Link to White Brook Capital Partners’ Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/white-brook-capital-partners-q3-2024-investor-letter-1379490/" rel="bookmark">White Brook Capital Partners</a> ($AFYA, $W, $GPRE, $OKTA, $BLDR, $DNUT)</li> <li><a title="Permanent Link to Longleaf Partners Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/longleaf-partners-funds-q3-2024-investor-letter-1379540/" rel="bookmark">Longleaf Partners Fund</a> ($PYPL, $K, $MGM, $FDX, $CNX)</li> <li><a title="Permanent Link to Longleaf Partners Small-Cap Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/longleaf-partners-small-cap-funds-q3-2024-investor-letter-1379999/" rel="bookmark">Longleaf Partners Small-Cap Fund</a> ($WEST, $OSCR, $HOUS)</li> <li><a href="https://www.insidermonkey.com/blog/baron-opportunity-funds-q3-2024-investor-letter-1380027/">Baron Opportunity Fund</a> ($MBLY, $INDI, $MSFT, $TSLA, $GWRE, $AVGO, $CWRD, $META, $PAR, $TEAM, $NVDA, $DUOL, $GDS)</li> <li><a href="https://www.insidermonkey.com/blog/baron-asset-funds-q3-2024-investor-letter-1382015/">Baron Asset Fund</a> ($COO, $SCHW, $DXCM, $VRSK, $WELL, $IT, $FICO, $CSGP, $WST)</li> <li><a title="Permanent Link to Ithaka US Growth Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/ithaka-us-growth-strategys-q3-2024-investor-letter-1382308/" rel="bookmark">Ithaka US Growth Strategy</a> ($DXCM, $BX, $NOW, $MA, $ASML, $ELF)</li> <li><a title="Permanent Link to Diamond Hill Capital Small Cap Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/diamond-hill-capital-small-cap-funds-q3-2024-investor-letter-1382756/" rel="bookmark">Diamond Hill Capital Small Cap Fund</a> ($IGIC, $CIVI, $PESI, $NSP, $ENOV, $ASH, $LOB, $FTAI, $PAL, $ASTH, $FA, $RMNI, $ALNT, $USLM)</li> <li><a title="Permanent Link to Baron Health Care Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/baron-health-care-funds-q3-2024-investor-letter-1383712/" rel="bookmark">Baron Health Care Fund</a> ($ARGX, $ACLX, $IRTC, $EW, $UNH, $REGN, $PCVX, $RARE, $INSM, $DHR)</li> <li><a title="Permanent Link to Aristotle Capital Small Cap Equity Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/aristotle-capital-small-cap-equity-strategys-q3-2024-investor-letter-1383833/" rel="bookmark">Aristotle Capital Small Cap Equity Strategy</a> ($ACHC, $BWIN, $FIBK, $ACIW, $ASC)</li> <li><a title="Permanent Link to Aristotle Atlantic Focus Growth Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/aristotle-atlantic-focus-growth-strategys-q3-2024-investor-letter-1384327/" rel="bookmark">Aristotle Atlantic Focus Growth Strategy</a> ($DXCM, $SNPS, $SPGI, $TT, $IDXX, $LIN, $TMO)</li> <li><a title="Permanent Link to Firebird US Value Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/firebird-us-value-funds-q3-2024-investor-letter-1384829/" rel="bookmark">Firebird US Value Fund</a> ($AIZ, $TRV, $SNBR, $FTI, $RCM)</li> <li><a title="Permanent Link to Greystone Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/greystone-capital-managements-q3-2024-investor-letter-1384821/" rel="bookmark">Greystone Capital Management</a> ($NNBR)</li> <li><a title="Permanent Link to White Falcon Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/white-falcon-capital-managements-q3-2024-investor-letter-1384847/" rel="bookmark">White Falcon Capital Management</a> ($EPAM, $DAVA, $NU)</li> <li><a title="Permanent Link to Giverny Capital Asset Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/giverny-capital-asset-managements-q3-2024-investor-letter-1384801/" rel="bookmark">Giverny Capital Asset Management</a> ($FND, $MEDP, $BRK.B, $PGR)</li> <li><a title="Permanent Link to SouthernSun Small Cap Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/southernsun-small-cap-strategys-q3-2024-investor-letter-1384871/" rel="bookmark">SouthernSun Small Cap Strategy</a> ($BOOT, $USPH, $NGVT, $LPX)</li> <li><a title="Permanent Link to SouthernSun SMID Cap Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/southernsun-smid-cap-strategys-q3-2024-investor-letter-1385304/" rel="bookmark">SouthernSun SMID Cap Strategy</a> ($GNRC, $APG, $IEX)</li> <li><a title="Permanent Link to Blue Tower Asset Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/blue-tower-asset-managements-q3-2024-investor-letter-1385353/" rel="bookmark">Blue Tower Asset Management</a> ($WCC)</li> <li><a title="Permanent Link to Maran Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/maran-capital-managements-q3-2024-investor-letter-1385314/" rel="bookmark">Maran Capital Management</a> ($CLAR, $TPB, $TPL, $HKHC)</li> <li><a title="Permanent Link to 1 Main Capital’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/1-main-capitals-q3-2024-investor-letter-1385298/" rel="bookmark">1 Main Capital</a> ($PRKR)</li> <li><a title="Permanent Link to Choice Equities Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/choice-equities-capital-managements-q3-2024-investor-letter-1385367/" rel="bookmark">Choice Equities Capital Management</a> ($HAIN, $GENI, $CZR, $OEC, $PAR, $MGNI, $CROX)</li> <li><a title="Permanent Link to The London Company Large Cap Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/the-london-company-large-cap-strategys-q3-2024-investor-letter-1385824/" rel="bookmark">The London Company Large Cap Strategy</a> ($PGR, $BLK, $FI, $SCHW, $FDX, $GOOG, $CSCO, $CB)</li> <li><a title="Permanent Link to Long Cast Advisers’ Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/long-cast-advisers-q3-2024-investor-letter-1385902/" rel="bookmark">Long Cast Advisers</a> ($SNES, $CCRD, $PDEX)</li> <li><a title="Permanent Link to Gator Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/gator-capital-managements-q3-2024-investor-letter-1385895/" rel="bookmark">Gator Capital Management</a> ($CBNA)</li> <li><a title="Permanent Link to Plural Investing’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/plural-investings-q3-2024-investor-letter-1385810/" rel="bookmark">Plural Investing</a> ($SEG)</li> <li><a title="Permanent Link to The London Company Mid Cap Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/the-london-company-mid-cap-strategys-q3-2024-investor-letter-1385917/" rel="bookmark">The London Company Mid Cap Strategy</a> ($POOL, $ENTG, $CBRE, $ALSN, $DLTR, $LW)</li> <li><a title="Permanent Link to Baron Discovery Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/baron-discovery-funds-q3-2024-investor-letter-1386354/" rel="bookmark">Baron Discovery Fund</a> ($TEM, $MEG, $GTLS, $TWFG, $NARI, $CDNA, $AXON, $DH)</li> <li><a title="Permanent Link to Aristotle Atlantic Large Cap Growth Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/aristotle-atlantic-large-cap-growth-strategys-q3-2024-investor-letter-1386494/" rel="bookmark">Aristotle Atlantic Large Cap Growth Strategy</a> ($NOW, $BMRN, $EXPE, $LLY, $EL)</li> <li><a title="Permanent Link to Aristotle Atlantic Core Equity Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/aristotle-atlantic-core-equity-strategys-q3-2024-investor-letter-1386568/" rel="bookmark">Aristotle Atlantic Core Equity Strategy</a> ($HAL, $AMAT, $ICE)</li> <li><a title="Permanent Link to Curreen Capital’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/curreen-capitals-q3-2024-investor-letter-1387182/" rel="bookmark">Curreen Capital</a> ($ADV, $CACC, $EHAB, $FTDR, $VFC, $AAP)</li> <li><a title="Permanent Link to Baron Global Advantage Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/baron-global-advantage-funds-q3-2024-investor-letter-1387208/" rel="bookmark">Baron Global Advantage Fund</a> ($CPNG, $ILMN, $SNOW, $MELI, $SHOP, $TSM, $ASML, $PDD)</li> <li><a title="Permanent Link to FPA Queens Road Small Cap Value Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/fpa-queens-road-small-cap-value-funds-q3-2024-investor-letter-1387230/" rel="bookmark">FPA Queens Road Small Cap Value Fund</a> ($AAP, $SFM, $CSWI, $DAR, $DECK, $FN, $IDCC, $CNXC, $VSH, $ALTM)</li> <li><a title="Permanent Link to Merion Road Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/merion-road-capital-managements-q3-2024-investor-letter-1388575/" rel="bookmark">Merion Road Capital Management</a> ($UBAB, $CURB)</li> <li><a title="Permanent Link to Columbia Acorn Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/columbia-acorn-funds-q3-2024-investor-letter-1388544/" rel="bookmark">Columbia Acorn Fund</a> ($EXAS, $OM, $CIGI, $ATKR, $RMBS, $SMCI, $SKY, $PSN)</li> <li><a href="https://www.insidermonkey.com/blog/aristotle-capital-small-mid-cap-equity-strategys-q3-2024-investor-letter-1388584/">Aristotle Capital Small/Mid Cap Equity Strategy</a> ($PR, $AMTM, $RRC)</li> <li><a title="Permanent Link to Baron FinTech Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/baron-fintech-funds-q3-2024-investor-letter-1389230/" rel="bookmark">Baron FinTech Fund</a> ($LPLA, $PRI, $INTU)</li> <li><a title="Permanent Link to Polen Capital Focus Growth Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/polen-capital-focus-growth-strategys-q3-2024-investor-letter-1389145/" rel="bookmark">Polen Capital Focus Growth Strategy</a> ($NVDA, $GOOG, $AAPL, $AMZN, $TSLA, $WDAY, $SHOP, $NOW, $ORCL, $PAYC, $NKE, $MSCI, $CRM, $ADBE, $ABNB)</li> <li><a title="Permanent Link to Ariel Investments Focus Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/ariel-investments-focus-funds-q3-2024-investor-letter-1389905/" rel="bookmark">Ariel Investments Focus Fund</a> ($MOS, $BIO, $LMT, $APA, $ORCL)</li> <li><a title="Permanent Link to L1 Capital Long Short Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/l1-capital-long-short-funds-q3-2024-investor-letter-1389925/" rel="bookmark">L1 Capital Long Short Fund</a> ($NWG, $CRH, $CVE, $NXE)</li> <li><a title="Permanent Link to The London Company Small Cap Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/the-london-company-small-cap-strategys-q3-2024-investor-letter-1389884/" rel="bookmark">The London Company Small Cap Strategy</a> ($PLUS, $ACIW, $VNT, $WTM, $CERT, $INVX, $RVLV)</li> <li><a title="Permanent Link to Diamond Hill Capital Mid Cap Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/diamond-hill-capital-mid-cap-strategys-q3-2024-investor-letter-1389946/" rel="bookmark">Diamond Hill Capital Mid Cap Strategy</a> ($PH, $HII, $RRX, $CIEN, $CUBE, $HUM, $LANC, $CTRA)</li> <li><a title="Permanent Link to The London Company SMID Cap Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/the-london-company-smid-cap-strategys-q3-2024-investor-letter-1390684/" rel="bookmark">The London Company SMID Cap Strategy</a> ($ZBRA, $WAT, $AWI)</li> <li><a title="Permanent Link to Artisan Partners Value Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/artisan-partners-value-funds-q3-2024-investor-letter-1390618/" rel="bookmark">Artisan Partners Value Fund</a> ($HUM, $DG, $PNC, $UPS, $PYPL)</li> <li><a title="Permanent Link to Greenhaven Road Capital’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/greenhaven-road-capitals-q3-2024-investor-letter-1390725/" rel="bookmark">Greenhaven Road Capital </a>($PAR, $KKR, $BUR, $LFCR, $HGTY, $CLBT, $SOC)</li> <li><a title="Permanent Link to Polen Capital Global Growth Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/polen-capital-global-growth-strategys-q3-2024-investor-letter-1391291/" rel="bookmark">Polen Capital Global Growth Strategy</a> ($AON, $GLOB, $NVO, $SAP, $MSCI)</li> <li><a href="https://www.insidermonkey.com/blog/carillon-eagle-growth-income-funds-q3-2024-investor-letter-1391354/">Carillon Eagle Growth & Income Fund</a> ($MSFT, $ORCL, $PNC, $HD, $FDX, $CVX, $MCD)</li> <li><a title="Permanent Link to Artisan Partners Mid Cap Value Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/artisan-partners-mid-cap-value-funds-q3-2024-investor-letter-1391424/" rel="bookmark">Artisan Partners Mid Cap Value Fund</a> ($GNTX, $NOV, $WAT, $WMG, $NTAP, $MC, $GL, $PII, $MGM)</li> <li><a href="https://www.insidermonkey.com/blog/polen-capital-u-s-small-company-growth-strategys-q3-2024-investor-letter-1392746/">Polen Capital U.S. Small Company Growth Strategy</a> ($RVLV, $NVEE, $PGNY, $ALIT, $DOCS, $PCTY, $ALRM, $RH, $NSIT, $BROS, $APPF, $GSHD, $HLNE, $ELF, $RMBS, $SITM)</li> <li><a title="Permanent Link to Silver Ring Value Partners’ Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/silver-ring-value-partners-q3-2024-investor-letter-1393335/" rel="bookmark">Silver Ring Value Partners</a> ($QRTEA, $LILAK, $JAZZ, $MD)</li> <li><a title="Permanent Link to Madison Sustainable Equity Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/madison-sustainable-equity-funds-q3-2024-investor-letter-1393387/" rel="bookmark">Madison Sustainable Equity Fund</a> ($NEE, $QCOM, $AAPL, $MSFT, $PGR, $UNH, $EFX, $LLY, $ORCL, $COST, $DHR)</li> <li><a title="Permanent Link to Bronte Capital Amalthea Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/bronte-capital-amalthea-funds-q3-2024-investor-letter-1393522/" rel="bookmark">Bronte Capital Amalthea Fund</a> ($V, $REGN, $COF, $DFS, $AXP, $SMMT)</li> <li><a title="Permanent Link to Alger Mid Cap Focus Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/alger-mid-cap-focus-funds-q3-2024-investor-letter-1394131/" rel="bookmark">Alger Mid Cap Focus Fund</a> ($HEI, $CEG, $APP, $PINS, $MU, $CDNS)</li> <li><a title="Permanent Link to Ariel Investments Global Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/ariel-investments-global-funds-q3-2024-investor-letter-1394157/" rel="bookmark">Ariel Investments Global Fund</a> ($SNY, $CMA, $STLA, $WAL, $JD, $CHKP)</li> <li><a title="Permanent Link to Polen Capital Global SMID Company Growth Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/polen-capital-global-smid-company-growth-strategys-q3-2024-investor-letter-1394151/" rel="bookmark">Polen Capital Global SMID Company Growth Strategy</a> ($CWAN, $TME, $TTEK, $KNSL, $BLD, $FIVE, $EXLS)</li> <li><a title="Permanent Link to Alger Spectra Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/alger-spectra-funds-q3-2024-investor-letter-1394947/" rel="bookmark">Alger Spectra Fund</a> ($MSFT, $META, $MELI, $GOOG)</li> <li><a title="Permanent Link to Baron Small Cap Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/baron-small-cap-funds-q3-2024-investor-letter-1394891/" rel="bookmark">Baron Small Cap Fund</a> ($BWIN, $VRT, $IBTA, $ICLR, $LOAR, $DAVA, $GCMG, $EWCZ)</li> <li><a title="Permanent Link to SaltLight Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/saltlight-capital-managements-q3-2024-investor-letter-1394977/" rel="bookmark">SaltLight Capital Management</a> ($APP, $RBLX, $SE)</li> <li><a title="Permanent Link to Weitz Investment Management Large Cap Equity Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/weitz-investment-management-large-cap-equity-funds-q3-2024-investor-letter-1395726/" rel="bookmark">Weitz Investment Management Large Cap Equity Fund</a> ($IEX, $CHTR, $GPN)</li> <li><a title="Permanent Link to Alluvial Capital Management’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/alluvial-capital-managements-q3-2024-investor-letter-1395604/" rel="bookmark">Alluvial Capital Management</a> ($NLOP, $TLN, $FTLF)</li> <li><a title="Permanent Link to Apis Global Discovery Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/apis-global-discovery-funds-q3-2024-investor-letter-1395594/" rel="bookmark">Apis Global Discovery Fund</a> ($TLN, $HNRG)</li> <li><a title="Permanent Link to Carillon Eagle Mid Cap Growth Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/carillon-eagle-mid-cap-growth-funds-q3-2024-investor-letter-1395624/" rel="bookmark">Carillon Eagle Mid Cap Growth Fund</a> ($ENTG, $SNPS, $CRWD, $CELH, $DXCM, $GEV, $AXON, $FICO, $VST, $WAB)</li> <li><a title="Permanent Link to Mairs & Power Growth Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/mairs-power-growth-funds-q3-2024-investor-letter-1397114/" rel="bookmark">Mairs & Power Growth Fund</a> ($UNH, $KHC, $TTC)</li> <li><a title="Permanent Link to Diamond Hill Capital Large Cap Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/diamond-hill-capital-large-cap-strategys-q3-2024-investor-letter-1396865/" rel="bookmark">Diamond Hill Capital Large Cap Strategy</a> ($NVR, $HCA, $GOOG, $CAT, $AON, $SBAC, $ACN, $BLDR)</li> <li><a title="Permanent Link to Weitz Investment Management Multi-Cap Equity Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/weitz-investment-management-multi-cap-equity-funds-q3-2024-investor-letter-1396855/" rel="bookmark">Weitz Investment Management Multi-Cap Equity Fund</a> ($LBRDA, $GOOG, $SIRI, $PRM)</li> <li><a title="Permanent Link to Columbia Threadneedle Global Technology Growth Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/columbia-threadneedle-global-technology-growth-strategys-q3-2024-investor-letter-1397146/" rel="bookmark">Columbia Threadneedle Global Technology Growth Strategy</a> ($ORCL, $AAPL, $CRWD, $SNPS, $AMAT, $ASML, $AVGO)</li> <li><a title="Permanent Link to Mairs & Power Small Cap Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/mairs-power-small-cap-funds-q3-2024-investor-letter-1397685/" rel="bookmark">Mairs & Power Small Cap Fund</a> ($LTH, $WK, $CASY, $CVRX)</li> <li><a title="Permanent Link to Columbia Dividend Opportunity Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/columbia-dividend-opportunity-funds-q3-2024-investor-letter-1397818/" rel="bookmark">Columbia Dividend Opportunity Fund</a> ($MRK, $K)</li> <li><a style="font-size: 16px;" title="Permanent Link to Parnassus Investments Core Equity Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/parnassus-investments-core-equity-funds-q3-2024-investor-letter-1397721/" rel="bookmark">Parnassus Investments Core Equity Fund</a> ($O, $AMAT, $DHI, $SHW, $GOOG, $AMZN, $WM)</li> <li><a title="Permanent Link to Miller Value Partners Deep Value Select Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/miller-value-partners-deep-value-select-strategys-q3-2024-investor-letter-1397872/" rel="bookmark">Miller Value Partners Deep Value Select Strategy</a> ($UNFI, $GCI, $QUAD, $NBR)</li> <li><a title="Permanent Link to Carillon Eagle Small Cap Growth Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/carillon-eagle-small-cap-growth-funds-q3-2024-investor-letter-1398305/" rel="bookmark">Carillon Eagle Small Cap Growth Fund</a> ($PJT, $VNOM, $LNTH, $CHRD, $ELF, $PCVX, $ZETA, $RMBS, $ANF)</li> <li><a title="Permanent Link to Columbia Seligman Global Technology Fund’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/columbia-seligman-global-technology-funds-q3-2024-investor-letter-1398334/" rel="bookmark">Columbia Seligman Global Technology Fund</a> ($GOOG, $AMT, $NVDA, $SMTC, $CCI, $LRCX, $GDDY)</li> <li><a title="Permanent Link to TimesSquare Capital Management U.S. Focus Growth Strategy’s Q3 2024 Investor Letter" href="https://www.insidermonkey.com/blog/timessquare-capital-management-u-s-focus-growth-strategys-q3-2024-investor-letter-1398363/" rel="bookmark">TimesSquare Capital Management U.S. Focus Growth Strategy</a> ($VEEV, $CRWD)</li> </ul>]]></content:encoded> </item> <item> <title>Why Royalty Pharma (RPRX) is the Cheapest Stock to Buy on Robinhood?</title> <link>https://www.insidermonkey.com/blog/why-royalty-pharma-rprx-is-the-cheapest-stock-to-buy-on-robinhood-1398670/</link> <pubDate>Wed, 27 Nov 2024 16:11:48 +0000</pubDate> <dc:creator>Affan Mir</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398670</guid> <description><![CDATA[We recently published a list of 10 Cheapest Stocks to Buy On Robinhood. In this article, we are going to take a look at where Royalty Pharma (NASDAQ:RPRX) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/10-cheapest-stocks-to-buy-on-robinhood-1397347/">10 Cheapest Stocks to Buy On Robinhood</a>. In this article, we are going to take a look at where Royalty Pharma (NASDAQ:RPRX) stands against other cheapest stocks to buy on Robinhood. While the market has been on an upward trajectory for nearly two years now, the combination of seasonal trends, strong retail, and corporate activity, and positive market momentum following the November election still suggests a potential for continued growth in U.S. equities. Goldman Sachs’ Scott Rubner predicts a year-end rally that will push the S&P to 6,200 points as reported by Bloomberg on November 25. He attributes this potential rally to growing retail enthusiasm in equities and crypto, seasonal trading patterns, and increasing corporate buyback demand. Rubner noted that the recent consolidation phase is typical, and highlighted significant inflows into U.S. equities, with the broader market gaining over 3% since the November 5 presidential vote and the Russell 2000 rising 6.5%. Historically, strong market performance in election years tends to extend into January, with the capital being deployed at the start of the new year. READ ALSO: <a href="https://www.insidermonkey.com/blog/jim-cramers-lightning-round-9-stocks-in-spotlight-1396815/">Jim Cramer’s Lightning Round: 9 Stocks in Spotlight</a> and <a href="https://www.insidermonkey.com/blog/10-best-renewable-energy-penny-stocks-to-invest-in-2-1396570/">10 Best Renewable Energy Penny Stocks to Invest In</a>. <h2 style="text-align: justify;">Strategic Investment Moves in a Shifting Economy</h2> In an interview with Seana Smith and Madison Mills of Yahoo Finance, Jim Smigiel, SEI’s Chief Investment Officer, highlighted several key insights for investors, in light of President-elect Donald Trump’s pro-growth policies. He warned that these policies could lead to higher inflation and rising interest rates, which may impact investment strategies. For investors, the focus should be on understanding how inflation and rates can affect different assets and staying prepared for potential shifts in the market. Smigiel sees opportunities in small-cap stocks, value stocks, and financials, which are expected to benefit from the current reflationary environment. He suggested investors consider diversifying their portfolios to reduce reliance on highly concentrated growth sectors like tech. Active management, where professional fund managers select investments, could also be a useful strategy to broaden exposure and adapt to market changes. While higher rates could eventually pose challenges, Smigiel noted that small-cap stocks remain attractive for now due to improved debt structures, providing a window of opportunity until around 2026. Investors should keep an eye on rising yields, as it might signal a need to shift toward more defensive investments. Diversification remains critical in managing risks during this period. <h3 style="text-align: justify;">Our Methodology</h3> For this article, we checked all the large-cap companies trading on Robinhood with at least 50% positive analyst ratings. We narrowed our list to nearly 40 stocks that were trading below a forward price-to-earnings multiple of under 15. We also skipped the stocks that were trading above or at their industry median despite trading below a PE ratio of 15. Finally, we chose the 10 cheapest stocks to buy based on their average analyst price target upside as of November 25 (pre-market open). These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1200875 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/10/03115404/RPRX-insidermonkey-1696348441968.jpg" alt="Why Royalty Pharma plc (RPRX) is Cheapest Stocks to Buy on Robinhood?" width="1456" height="816" /> A scientist in a laboratory looking through a microscope, surrounded by petri dishes and beakers while researching new biopharmaceutical advances. <h3 style="text-align: justify;">Royalty Pharma plc (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/royalty%20pharma%20plc/1802768/">RPRX</a>)</h3> Market Cap: $16.2 billion FWD PE Ratio: 6.66 Average Price Target Upside: 58.91% Royalty Pharma plc (NASDAQ:RPRX) is a key player in funding biopharmaceutical innovation and the largest acquirer of biopharmaceutical royalties. It collaborates with a wide range of partners, including academic institutions, research hospitals, non-profits, biotechnology firms, and major pharmaceutical companies. The company earns royalties based on the sales of leading therapies in its portfolio, which includes over 35 commercial products and 15 development-stage candidates. Royalty Pharma (NASDAQ:RPRX) reported strong performance for Q3 2024 on November 6, with 15% growth in both Portfolio Receipts and Royalty Receipts. Year-to-date capital deployment reached $2.6 billion, including acquisitions of royalties on three novel therapies. Recent highlights include royalties on Cobenfy for schizophrenia, Voranigo for glioma, and Tremfya for ulcerative colitis, all expected to boost long-term growth. Royalty Pharma (NASDAQ:RPRX) maintains strong financial capacity with $3 billion in available financial resources, including $950 million in cash and equivalents at the end of Q3, ongoing business-generated cash, and access to debt markets. The company holds $7.8 billion in investment-grade debt, with a 3.1% average cost and a 12-year average maturity, aligned with its royalty portfolio duration. Its leverage ratio is approximately 3x total debt to adjusted EBITDA, and it also has $1.8 billion in undrawn credit capacity. Overall, RPRX ranks 1st on our list of cheapest stocks to buy on Robinhood. While we acknowledge the potential of RPRX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RPRX but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-3/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a> Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Timessquare U.S. Focus Growth Strategy Trimmed CrowdStrike Holdings (CRWD) in Q3 as a Risk Reduction Measure</title> <link>https://www.insidermonkey.com/blog/timessquare-u-s-focus-growth-strategy-trimmed-crowdstrike-holdings-crwd-in-q3-as-a-risk-reduction-measure-1398432/</link> <pubDate>Wed, 27 Nov 2024 16:08:02 +0000</pubDate> <dc:creator>Soumya Eswaran</dc:creator> <category><![CDATA[Hedge Fund Investor Letters]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[NASDAQ:CRWD]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398432</guid> <description><![CDATA[TimesSquare Capital Management, an equity investment management company, released its “U.S. Focus Growth Strategy” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the strategy returned 3.90% (gross) and 3.69% (net) compared to 6.54% for the Russell Midcap Growth Index. The third quarter was stable for global […]]]></description> <content:encoded><![CDATA[<a href="https://www.insidermonkey.com/institutional-investor/timessquare-capital-management-llc/26562/">TimesSquare Capital Management</a>, an equity investment management company, released its “U.S. Focus Growth Strategy” third-quarter 2024 investor letter. A copy of the letter can be <a href="https://www.insidermonkey.com/blog/timessquare-capital-management-u-s-focus-growth-strategys-q3-2024-investor-letter-1398363/">downloaded here</a>. In the third quarter, the strategy returned 3.90% (gross) and 3.69% (net) compared to 6.54% for the Russell Midcap Growth Index. The third quarter was stable for global markets, with most equity and credit markets achieving mid-to-high single-digit returns. Economic activity showed consistency, and energy prices fell; however, rising tensions in the Middle East have recently started to change this situation. In addition, please check the fund’s top five holdings to know its best picks in 2024. TimesSquare Capital U.S. Focus Growth Strategy highlighted stocks like CrowdStrike Holdings, Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/crowdstrike%20holdings%20inc/1535527/">CRWD</a>), in the third quarter 2024 investor letter. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a global cyber security solutions provider. The one-month return of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was 17.16%, and its shares gained 71.56% of their value over the last 52 weeks. On November 26, 2024, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stock closed at $364.30 per share with a market capitalization of $89.299 billion. TimesSquare Capital U.S. Focus Growth Strategy stated the following regarding CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q3 2024 investor letter: <blockquote> "The portfolio’s largest detractor this quarter was CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a provider of cybersecurity solutions. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. We trimmed the position as a risk reduction measure in mid-July due to the customer outage caused by a faulty content configuration update for the Windows sensor. The company subsequently delivered solid results that exceeded the high end of guidance across all metrics. While some new business negotiations slipped due to the outage, those are expected to wrap up in subsequent quarters. While CrowdStrike tumbled by -25%, we are encouraged to learn they have closed several large deals since the outage. Management is offering customers and prospects discounted modules and credits via its Flex program." </blockquote> <img class="wp-image-1196303 size-large" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/21075131/CRWD-insidermonkey-1695297088792-768x430.jpg" alt="Best Video Surveillance and Private Security Stocks to Buy" width="768" height="430" /> Security personnel at their consoles, monitoring a global network of threats in real-time. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is not on our list of <a href="https://www.insidermonkey.com/blog/31-most-popular-stocks-among-hedge-funds-2024-q1-1308790/#google_vignette">31 Most Popular Stocks Among Hedge Funds</a>. As per our database, 74 hedge fund portfolios held CrowdStrike Holdings, Inc. (NASDAQ:CRWD) at the end of the third quarter which was 69 in the previous quarter. While we acknowledge the potential of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-stock-bargain-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount/">cheapest AI stock</a>. In <a href="https://www.insidermonkey.com/blog/wells-fargos-best-growth-stocks-28-stocks-with-the-highest-consensus-eps-growth-estimates-1391809/">another article</a>, we discussed CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and shared Wells Fargo’s top growth stocks and the stocks with the highest consensus EPS growth estimates. Carillon Eagle Mid Cap Growth Fund shared its optimistic views on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its <a href="https://www.insidermonkey.com/blog/crowdstrike-holdings-crwd-slipped-in-q3-on-a-faulty-configuration-update-1395709/">Q3 2024</a> investor letter. In addition, please check out our <a href="https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q3-2024-1366858/">hedge fund investor letters Q3 2024</a> page for more investor letters from hedge funds and other leading investors. READ NEXT: <a href="https://www.insidermonkey.com/blog/michael-burry-is-selling-these-stocks-in-2024-1304255/">Michael Burry Is Selling These Stocks</a> and <a href="http://track.ic3trk.com/aff_c?offer_id=4449&aff_id=1198">A New Dawn Is Coming to US Stocks</a>. Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/timessquare-u-s-focus-growth-strategy-trimmed-crowdstrike-holdings-crwd-in-q3-as-a-risk-reduction-measure-1398432/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Apple (AAPL) Faces Challenges in Deploying AI Models in China Amid Regulatory Hurdles</title> <link>https://www.insidermonkey.com/blog/apple-aapl-faces-challenges-in-deploying-ai-models-in-china-amid-regulatory-hurdles-1398624/</link> <pubDate>Wed, 27 Nov 2024 16:05:16 +0000</pubDate> <dc:creator>Ghazal Ahmed</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398624</guid> <description><![CDATA[We recently published a list of 15 AI News That Broke The Internet. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other AI news that broke the internet. OpenAI has been making headlines in the artificial intelligence realm ever since its existence, and it seems the […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/15-ai-news-that-broke-the-internet-2-1398340/">15 AI News That Broke The Internet</a>. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other AI news that broke the internet. OpenAI has been making headlines in the artificial intelligence realm ever since its existence, and it seems the company has something new to share almost every day. However, not all the news surrounding the company is positive. In the latest news shared by The Washington Post, OpenAI has suspended access to its latest, highly anticipated video generation tool, Sora. This suspension followed a small group of artists who had leaked access to the tool to protest the treatment they’ve been receiving at the company. READ ALSO: <a href="https://www.insidermonkey.com/blog/15-ai-stocks-to-watch-news-and-analyst-ratings-1397196/">15 AI Stocks to Watch: News and Analyst Ratings</a> and <a href="https://www.insidermonkey.com/blog/9-buzzing-ai-stocks-to-watch-on-latest-news-1392509/">9 Buzzing AI Stocks to Watch on Latest News.</a> Arguing that the company used them as “PR Puppets” without pay, the artists created a webpage allowing anyone to make AI videos using Sora. OpenAI granted hundreds of artists free access to the video generation tool so that they could test out the new artificial intelligence video generator. However, 20 of these artists argued that the company had taken advantage of their unpaid labor. This is what the group of artists wrote on Hugging Face, an open-source repository for artificial intelligence projects. <blockquote> “Hundreds of artists provide unpaid labor through bug testing, feedback and experimental work for the program for a $150B valued company”. </blockquote> The artists further added that the opportunities offered in return for helping the company, such as being selected to have their Sora-created films screened, offer “minimal compensation which pales in comparison to the substantial PR and marketing value OpenAI receives. The tool was public three hours before it was shut down. OpenAI spokesperson Niko Felix said that the company has temporarily shut down user access to Sora while it looks into the situation. <blockquote> “Hundreds of artists in our alpha have shaped Sora’s development, helping prioritize new features and safeguards. Participation is voluntary, with no obligation to provide feedback or use the tool.” -Felix wrote in a statement from OpenAI. </blockquote> In other news, Axios reported that President-elect Donald Trump is considering naming an "AI czar" in the White House that will be coordinating federal policy and governmental use of artificial intelligence. While Elon Musk isn’t going to be the AI czar, he is expected to be involved. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1193620 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/13040841/AAPL-imagemaker-1694592519294.jpg" alt="Evercore ISI Maintains "Outperform" Rating on Apple Inc. (NASDAQ:AAPL), Sees AI Benefits Driving Future Growth" width="1456" height="816" /> An Apple store displaying the latest in consumer electronics, from smartphones to wearables. <h3 style="text-align: justify;">Apple Inc. (NASDAQ:<a href="https://www.insidermonkey.com/insider-trading/company/apple%20inc/320193/">AAPL</a>)</h3> Number of Hedge Fund Holders: 158 Apple Inc. (NASDAQ:AAPL) has been facing problems with releasing its artificial intelligence models for iPhones and other products in China. Apple Inc. (NASDAQ:AAPL) is a technology company that has recently begun leveraging Apple Intelligence, its AI-driven personal system, to enhance its devices and services worldwide. Meanwhile, a top Beijing official has warned that foreign companies will continue to face problems to win approvals regarding deployment of AI technologies unless they partner with local groups. Monday, November 25th marked Tim Cook’s third visit to China as the company tries to navigate the complex landscape of the country, aiming to bring Apple Intelligence to the devices sold in the country. Cook also visited China in October, acknowledging the country’s complicated regulations. He stated that there is a specific regulatory process behind this and that the company needs to complete it. Overall, AAPL ranks 1st on our list of AI news that broke the internet. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-10/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Veeva Systems (VEEV) Raised Fiscal 2025 Revenue Guidance Due to Improved Pipeline Visibility</title> <link>https://www.insidermonkey.com/blog/veeva-systems-veev-raised-fiscal-2025-revenue-guidance-due-to-improved-pipeline-visibility-1398443/</link> <pubDate>Wed, 27 Nov 2024 16:04:42 +0000</pubDate> <dc:creator>Soumya Eswaran</dc:creator> <category><![CDATA[Hedge Fund Investor Letters]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Daily Newsletter]]></category> <category><![CDATA[NYSE:VEEV]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398443</guid> <description><![CDATA[TimesSquare Capital Management, an equity investment management company, released its “U.S. Focus Growth Strategy” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the strategy returned 3.90% (gross) and 3.69% (net) compared to 6.54% for the Russell Midcap Growth Index. The third quarter was stable for global […]]]></description> <content:encoded><![CDATA[<a href="https://www.insidermonkey.com/institutional-investor/timessquare-capital-management-llc/26562/">TimesSquare Capital Management</a>, an equity investment management company, released its “U.S. Focus Growth Strategy” third-quarter 2024 investor letter. A copy of the letter can be <a href="https://www.insidermonkey.com/blog/timessquare-capital-management-u-s-focus-growth-strategys-q3-2024-investor-letter-1398363/">downloaded here</a>. In the third quarter, the strategy returned 3.90% (gross) and 3.69% (net) compared to 6.54% for the Russell Midcap Growth Index. The third quarter was stable for global markets, with most equity and credit markets achieving mid-to-high single-digit returns. Economic activity showed consistency, and energy prices fell; however, rising tensions in the Middle East have recently started to change this situation. In addition, please check the fund’s top five holdings to know its best picks in 2024. TimesSquare Capital U.S. Focus Growth Strategy highlighted stocks like Veeva Systems Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/veeva%20systems%20inc/1393052/">VEEV</a>), in the third quarter 2024 investor letter. Veeva Systems Inc. (NYSE:VEEV) offers cloud-based software for the life sciences industry. The one-month return of Veeva Systems Inc. (NYSE:VEEV) was 6.09%, and its shares gained 29.82% of their value over the last 52 weeks. On November 26, 2024, Veeva Systems Inc. (NYSE:VEEV) stock closed at $226.88 per share with a market capitalization of $36.74 billion. TimesSquare Capital U.S. Focus Growth Strategy stated the following regarding Veeva Systems Inc. (NYSE:VEEV) in its Q3 2024 investor letter: <blockquote> "Veeva Systems Inc. (NYSE:VEEV) supplies industry cloud solutions for the global life sciences industry. Its stock price was boosted 15% after they reported solid fiscal second quarter results and raised the mid-point of fiscal 2025 revenue guidance in recognition of greater pipeline visibility and improved sales cycle progression." </blockquote> <img class="wp-image-1197908 size-large" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/25172931/VEEV-insidermonkey-1695677368765-768x430.jpg" alt="" width="768" height="430" /> A team of IT experts monitoring a network of computers managing the medical content and communications. Veeva Systems Inc. (NYSE:VEEV) is not on our list of <a href="https://www.insidermonkey.com/blog/31-most-popular-stocks-among-hedge-funds-2024-q1-1308790/#google_vignette">31 Most Popular Stocks Among Hedge Funds</a>. As per our database, 48 hedge fund portfolios held Veeva Systems Inc. (NYSE:VEEV) at the end of the third quarter which was 50 in the previous quarter. While we acknowledge the potential of Veeva Systems Inc. (NYSE:VEEV) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/ai-stock-bargain-insider-monkeys-1-ai-stock-pick-is-on-a-steep-discount/">cheapest AI stock</a>. In <a href="https://www.insidermonkey.com/blog/8-high-growth-software-stocks-that-are-profitable-in-2024-1373882/">another article</a>, we discussed Veeva Systems Inc. (NYSE:VEEV) and shared the list of high-growth software stocks that are profitable in 2024. In its <a href="https://www.insidermonkey.com/blog/heres-why-veeva-systems-veev-is-showing-weakness-1349508/">previous quarterly report</a>, TimesSquare Capital noted that Veeva Systems Inc. (NYSE:VEEV) shares experienced a 21% decline. In addition, please check out our <a href="https://www.insidermonkey.com/blog/hedge-fund-investor-letters-q3-2024-1366858/">hedge fund investor letters Q3 2024</a> page for more investor letters from hedge funds and other leading investors. READ NEXT: <a href="https://www.insidermonkey.com/blog/michael-burry-is-selling-these-stocks-in-2024-1304255/">Michael Burry Is Selling These Stocks</a> and <a href="http://track.ic3trk.com/aff_c?offer_id=4449&aff_id=1198">A New Dawn Is Coming to US Stocks</a>. Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/blog/veeva-systems-veev-raised-fiscal-2025-revenue-guidance-due-to-improved-pipeline-visibility-1398443/">Insider Monkey</a>.]]></content:encoded> </item> <item> <title>Salesforce (CRM) Benefits from AI Boom, Wedbush Raises Price Target</title> <link>https://www.insidermonkey.com/blog/salesforce-crm-benefits-from-ai-boom-wedbush-raises-price-target-1398625/</link> <pubDate>Wed, 27 Nov 2024 16:03:40 +0000</pubDate> <dc:creator>Ghazal Ahmed</dc:creator> <category><![CDATA[News]]></category> <category><![CDATA[Yahoo Finance]]></category> <guid isPermaLink="false">https://www.insidermonkey.com/blog/?p=1398625</guid> <description><![CDATA[We recently published a list of 15 AI News That Broke The Internet. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other AI news that broke the internet. OpenAI has been making headlines in the artificial intelligence realm ever since its existence, and it seems the […]]]></description> <content:encoded><![CDATA[We recently published a list of <a href="https://www.insidermonkey.com/blog/15-ai-news-that-broke-the-internet-2-1398340/">15 AI News That Broke The Internet</a>. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other AI news that broke the internet. OpenAI has been making headlines in the artificial intelligence realm ever since its existence, and it seems the company has something new to share almost every day. However, not all the news surrounding the company is positive. In the latest news shared by The Washington Post, OpenAI has suspended access to its latest, highly anticipated video generation tool, Sora. This suspension followed a small group of artists who had leaked access to the tool to protest the treatment they’ve been receiving at the company. READ ALSO: <a href="https://www.insidermonkey.com/blog/15-ai-stocks-to-watch-news-and-analyst-ratings-1397196/">15 AI Stocks to Watch: News and Analyst Ratings</a> and <a href="https://www.insidermonkey.com/blog/9-buzzing-ai-stocks-to-watch-on-latest-news-1392509/">9 Buzzing AI Stocks to Watch on Latest News.</a> Arguing that the company used them as “PR Puppets” without pay, the artists created a webpage allowing anyone to make AI videos using Sora. OpenAI granted hundreds of artists free access to the video generation tool so that they could test out the new artificial intelligence video generator. However, 20 of these artists argued that the company had taken advantage of their unpaid labor. This is what the group of artists wrote on Hugging Face, an open-source repository for artificial intelligence projects. <blockquote> “Hundreds of artists provide unpaid labor through bug testing, feedback and experimental work for the program for a $150B valued company”. </blockquote> The artists further added that the opportunities offered in return for helping the company, such as being selected to have their Sora-created films screened, offer “minimal compensation which pales in comparison to the substantial PR and marketing value OpenAI receives. The tool was public three hours before it was shut down. OpenAI spokesperson Niko Felix said that the company has temporarily shut down user access to Sora while it looks into the situation. <blockquote> “Hundreds of artists in our alpha have shaped Sora’s development, helping prioritize new features and safeguards. Participation is voluntary, with no obligation to provide feedback or use the tool.” -Felix wrote in a statement from OpenAI. </blockquote> In other news, Axios reported that President-elect Donald Trump is considering naming an "AI czar" in the White House that will be coordinating federal policy and governmental use of artificial intelligence. While Elon Musk isn’t going to be the AI czar, he is expected to be involved. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (<a href="https://www.insidermonkey.com/premium/newsletters/quarterly">see more details here</a>). <img class="wp-image-1195758 size-full" src="https://d2gr5kl7dt2z3t.cloudfront.net/blog/wp-content/uploads/2023/09/19164444/CRM-insidermonkey-1695156282285.jpg" alt="" width="1456" height="816" /> A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. <h3 style="text-align: justify;">Salesforce, Inc. (NYSE:<a href="https://www.insidermonkey.com/insider-trading/company/salesforce+inc/1108524/">CRM</a>)</h3> Number of Hedge Fund Holders: 116 On November 25, Wedbush raised the firm’s price target on Salesforce Inc. (NYSE:CRM) to $375 from $325 and kept an “Outperform” rating on the shares. Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that has gained traction after the launch of its AI-powered platform called Agentforce. The analyst affirms that it’s time for the broader software sector to join in on the AI party, expressing bullish sentiments about the software sector's role in the upcoming phase of the artificial intelligence (AI) revolution. The anticipated adoption of large language models and generative AI by 2025 is the major force behind their optimism. This shift is expected to significantly boost enterprise consumption of AI technologies. Overall, CRM ranks 2nd on our list of AI news that broke the internet. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the <a href="https://www.insidermonkey.com/blog/undervalued-ai-stock-poised-for-massive-gains-10000-upside-10/">cheapest AI stock</a>. READ NEXT: <a href="https://www.insidermonkey.com/blog/8-best-wide-moat-stocks-to-buy-according-to-analysts-1357153/">8 Best Wide Moat Stocks to Buy Now</a> and<a href="https://www.insidermonkey.com/blog/30-most-important-ai-stocks-according-to-blackrock-1349208/"> 30 Most Important AI Stocks According to BlackRock</a>. Disclosure: None. This article is originally published at <a href="https://www.insidermonkey.com/">Insider Monkey</a>.]]></content:encoded> </item> </channel> </rss>