The AI landscape continues to evolve rapidly, impacting various sectors from finance to housing. Algorithmic trading, fueled by AI and data analytics, is projected to reach $31.90 billion by 2030, driven by the need for faster and more cost-effective trading solutions. In the semiconductor arena, Taiwan Semiconductor Manufacturing (TSMC) anticipates a significant boost, projecting $90 billion in AI-driven revenue by 2029 and is ramping up its 2-nanometer technology for 2025 production. AMD is also making strides, with its new MI350 series AI chips posing a challenge to Nvidia, though AMD's stock performance hasn't matched Nvidia's gains this year. Robinhood CEO Vlad Tenev's AI math startup, Harmonic AI, is now valued near $900 million after securing $100 million in Series B funding, aiming to release its AI model, Aristotle, this year. Meanwhile, Goldman Sachs is exploring AI's potential in software development by testing Devin, an AI software from Cognition, to automate tasks typically performed by human developers. Investors, while still interested in AI, are also eyeing more stable sectors, with 'boring' stocks in industries like industrials and groceries gaining attention for their reliable returns. Wall Street analysts are highlighting AppLovin and MongoDB as AI stocks with substantial upside potential, while cautioning investors about C3.ai's high spending and increasing competition. CoreWeave, Inc. has launched NVIDIA RTX PRO 6000 Blackwell Server Edition instances for its cloud platform. Boxabl, a tiny home company, is raising funds to increase production.
Key Takeaways
- Algorithmic trading market is expected to reach $31.90 billion by 2030, driven by AI and data analytics.
- TSMC projects $90 billion in AI-driven revenue by 2029 and is advancing its 2-nanometer technology for 2025.
- AMD's new MI350 series AI chips are challenging Nvidia, with next-gen MI400 chips on the horizon.
- Harmonic AI, co-founded by Robinhood's CEO, is valued near $900 million after a $100 million Series B funding round.
- Goldman Sachs is testing Devin AI software to automate software development tasks.
- Investors are showing interest in 'boring' stocks in sectors like industrials for reliable returns.
- Wall Street analysts predict significant gains for AI stocks AppLovin and MongoDB.
- C3.ai faces challenges due to high spending and increasing competition in the enterprise AI space.
- CoreWeave, Inc. has launched NVIDIA RTX PRO 6000 Blackwell Server Edition instances for its cloud platform.
- Boxabl, a tiny home company, is raising funds to increase production.
Investors seek 'boring' stocks like industrials for tech-like returns
Investors are looking beyond the AI hype for reliable stocks. Reddit users suggest focusing on industrial, insurance, and grocery companies. Berkshire Hathaway, Parker-Hannifin, and Comfort Systems USA are mentioned as examples. These 'boring' stocks offer steady returns by supporting essential infrastructure.
Investors seek 'boring' stocks like industrials for tech-like returns
Investors are looking beyond the AI hype for reliable stocks. Reddit users suggest focusing on industrial, insurance, and grocery companies. Berkshire Hathaway, Parker-Hannifin and Comfort Systems USA are mentioned as examples. These 'boring' stocks offer steady returns by supporting essential infrastructure. Boxabl, a tiny home company, is raising funds to increase production.
AI stocks making waves on Wall Street now
Global stocks are rising due to potential interest rate cuts and AI optimism. CoreWeave, Inc. launched NVIDIA RTX PRO 6000 Blackwell Server Edition instances for its cloud platform. Bloom Energy Corporation was upgraded by JPMorgan due to the Big Beautiful Bill. These companies are popular among hedge funds, indicating strong potential.
Robinhood CEO's AI math startup valued near $900 million
Vlad Tenev, Robinhood's CEO, co-founded Harmonic AI, a startup focused on AI math problem-solving. Harmonic AI raised $100 million in Series B funding, valuing it at $875 million. Their goal is to create AI that surpasses human math abilities. Harmonic plans to release its AI model, Aristotle, to researchers and the public this year. The company uses formal verification to ensure accuracy and avoid hallucinations.
AI and data analytics boost algorithmic trading market
The algorithmic trading market is growing fast, expected to reach $31.90 billion by 2030. This growth is driven by the need for faster trading and lower costs. AI and data analytics are improving trading accuracy. Companies like Algo Trader GmbH and Trading Technologies are key players in this market. The market is also expanding into areas like crypto and decentralized finance.
Wall Street says buy these AI stocks now
The Nasdaq Composite has historically provided strong returns, and AI is expected to drive future growth. Analysts predict AppLovin and MongoDB will see substantial gains. AppLovin uses AI to optimize ad campaigns, while MongoDB offers a flexible database for AI applications. Wall Street analysts see 40% and 34% upside for AppLovin and MongoDB, respectively.
Red flags for C3.ai stock investors to consider
C3.ai is a key player in enterprise AI, but investors should consider some risks. The company is spending a lot of money to grow, leading to high cash burn. Competition is also increasing from larger tech companies and smaller startups. C3.ai needs to improve its growth or reduce spending to succeed long-term.
Goldman Sachs tests AI software to help developers
Goldman Sachs is testing Devin, an AI software from Cognition, to assist its development team. Devin will handle tasks typically done by human developers. Goldman Sachs plans to use hundreds of Devin units, potentially scaling to thousands. This move aims to improve the firm's development capabilities through technology.
AI stock Taiwan Semiconductor has $90 billion reason to buy
Taiwan Semiconductor Manufacturing (TSMC) is projected to generate $90 billion in AI-driven revenue by 2029. Analysts expect TSMC to benefit from higher silicon content and custom memory solutions. TSMC's 2-nanometer technology is on track for production in 2025. TSMC expects to double its AI revenue and chip packaging capacity in 2025, driven by strong demand for AI chips.
AMD stock rises as new AI chips challenge Nvidia
AMD stock increased after analysts said its new MI350 series AI chips are similar to Nvidia's. The next-generation MI400 chips could compete with Nvidia's Vera Rubin platform. AMD shares have risen 18% this year, but have not performed as well as Nvidia. Investors are watching key price levels for AMD stock around $175 and $215.
Sources
- 'Everybody Is Chasing The Next AI Hype,' Says Investor. But They're Asking: What Are The Boring Stocks With 'Tech-Like Returns?'
- 'Everybody Is Chasing The Next AI Hype,' Says Investor. But They're Asking: What Are The Boring Stocks With 'Tech-Like Returns?'
- 12 AI Stocks Making Waves on Wall Street
- Robinhood CEO’s AI Math Startup Valued at Nearly $900 Million
- Algorithmic Trading Market Expands Rapidly Amid AI and Data Analytics Integration
- History Says the Nasdaq Will Soar: 2 Artificial Intelligence (AI) Stocks to Buy Now, According to Wall Street @themotleyfool #stocks $APP $^IXIC $MDB
- Thinking of Buying C3.ai Stock? Here Are 2 Red Flags to Consider. @themotleyfool #stocks $AI $MSFT $AMZN $CRM $PLTR
- Goldman Sachs (GS) Tests Autonomous Software to Enhance Development Team
- A $90 Billion Reason to Buy This AI Stock Now
- AMD Stock Popped After Analyst Said New AI Chips Could Take On Nvidia’s—Watch These Key Price Levels