We recently released a list 11 AI inventory on Wall Street radar. In this article, we will explore Aurora Innovation, Inc. (NASDAQ:AUR) Positions with other AI stocks on Wall Street Radar.
U.S. President Donald Trump will both restore the country's struggling coal industry. Last month, he signed a series of execution orders so that the government can meet the fierce demand for AI data centers. Executive Order 14241 will allow several older coal-fired plants to retire to continue generating electricity for the foreseeable future. This will be to meet the growing demand for artificial intelligence.
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Trump repeatedly used coal as a source of electricity for data centers, telling the World Economic Forum in January that he would approve the AI power plants through an emergency statement. He also called on technology companies to use coal as a backup power supply.
"They can fuel it with whatever they want and probably have coal as a backup - good, clean coal."
But as the tech industry invests billions of dollars to expand renewable energy and leverage nuclear power as a way to meet its growing electricity demand, coal use is actually aimed at the environmental goal of tech companies.
However, the tech industry does admit that fossil fuels will eventually be needed to help navigate the power demands of AI. However, these companies are focusing on natural gas because it emits half of coal carbon dioxide at every kilowatt-hour of electricity.
"To have the energy we need for the grid, it will take all of the above methods over a period of time. We are not surprised by the fact that we need to add some heat to produce to meet the demand in the short term."
We'll definitely consider it, but I don't know if I'd say it's at the top of our list. ”
- Jack Clark, co-founder of Humanity
In this article, we selected AI stocks by browsing news articles, stock analysis and press releases. These stocks are also popular among hedge funds. Hedge fund data ended in the fourth quarter of 2024.
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).
Close-up of the autonomous driving hardware unit inside the passenger car dashboard.
Number of hedge fund holders: 22
Aurora Innovation, Inc. (NASDAQ:AUR) is an autonomous driving technology company. On Monday, May 19, Cantor Fitzgerald maintained a positive view of the stock, with a rating of "overweight" and a price target of $12.00. The company recently achieved a major milestone by launching its commercial autonomous driving service, Aurora Driver, in Texas. This milestone not only aligns with management’s expected timeline, but also places the company as the first to introduce self-driving trucks in the United States.
Aurora will also be seen as a pioneer in the use of heavy trucks to operate commercial autonomous driving services on public roads in the country. The company has announced plans to expand its driverless services by the end of the year. Its autonomous performance metrics (APIs) are metrics used to track performance and readiness of autonomous vehicles, reaching 95% in the first quarter of 2025. That figure exceeds Aurora's commercialization target by 90%, and the company's victory is the company's advancements in providing reliable autonomous driving technology are forcing it to improve.
Overall, Aur Ranked 11th On our list of AI stocks on Wall Street radar. Although we acknowledge the potential of AUR as an investment, our belief is that certain AI stocks have higher returns and limited downside risks. If you are looking for AI stocks that are more promising than AUR and have 100x upside potential, check out our report Cheapest AI stocks.
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Disclosure: None. This article was originally published in Internal monkey.