We recently published a list of 10 High-Flying AI Stocks to Watch Today. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other high-flying AI stocks to watch today.
The most important conference in the tech world is in full swing, yet investors are skeptical about what’s ahead. According to Jensen Huang, his company is well-positioned to navigate a shift in the artificial intelligence industry, particularly where businesses are moving from training AI models to getting detailed answers from them.
Huang also defended his company’s lead in selling costly AI chips to customers, an aspect that was recently questioned after China’s DeepSeek created a competitive chatbot with relatively fewer chips.
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Despite Huang’s reassuring remarks, the chipmaker’s stock fell more than 3%, reflecting how investors haven’t been entirely assured by Huang’s presentation. Calling the conference the “Superbowl of AI”, Huang commented that “almost the entire world got it wrong,” regarding DeepSeek.
“The amount of computation we need as a result of agentic AI, as a result of reasoning, is easily 100 times more than we thought we needed this time last year.”
At the same time, new AI models and tools are being launched in the tech world as businesses and countries compete in an attempt to lead the AI arms race. In the latest news, tech giant Tencent has unveiled a suite of new artificial intelligence tools capable of converting text and images into 3D visuals. The move marks the growing Chinese momentum in the field of generative AI.
Similarly, Baidu has released two new AI models which are freely available to individual users ahead of schedule. ERNIE 4.5 is a native multimodal foundation model, while ERNIE X1 is a reasoning model with deep-learning capabilities. The company aims to increase user involvement across its platforms, attempting to combine these models into its larger ecosystem.
As major players continue to release new models and tools, the race to dominate the AI landscape intensifies even further. It’s worth waiting to see who eventually ends up leading the AI arms race and how these technologies end up making an impact on the business world and society.
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. The hedge fund data is as of Q4 2024.
