We recently released a list Today, 12 AI libraries on Wall Street are in the Wall Street wave. In this article, we will take a look at Tesla, Inc. (NASDAQ:TSLA) Positions with other AI stocks on Wall Street today.
The United States recently issued a guidance company threatening not to use China's advanced computer chips, including Huawei's Ascend AI chips. However, China has now urged the country to “correct its wrongdoing immediately” and to stop “discriminatory” measures.
A spokesman for China's Ministry of Commerce said the United States abused its export control measures. He said the country imposed strict restrictions on Chinese chip products on baseless allegations, further explaining how the restrictions included discriminatory measures and tended to distort markets.
The U.S. Department of Commerce released the guidance last week, and its Industrial Security Agency noted: "These chips may be developed or produced in violation of U.S. export controls."
“The United States has been abused to impose stricter restrictions on Chinese chip products under unfounded accusations…China is firmly opposed to this…trying to trip others won’t make itself run faster.”
A Chinese spokesman said it opposed unilateral bullying, saying that the restrictions violated the legitimate rights and interests of Chinese companies. The country is accused of undermining the preliminary trade agreement reached in Geneva, Switzerland.
The spokesperson further urged the country to cooperate with China to jointly uphold the consensus reached in the Geneva talks.
“If the United States continues to cause substantial harm to China, China will take firm measures to protect its legitimate rights and interests.”
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).
Number of hedge fund holders: 126
Tesla Inc (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. On May 20, Morgan Stanley reiterated the stock as a "overweight" with a target price of $410. The company said the market may be too optimistic about Tesla's automotive business and fail to illustrate competition, especially from China. The company highlights the latest products from Chinese electric vehicle (EV) manufacturers, especially Xiaomi, in the electric vehicle market. It further pointed out how competition will affect the international market, which is a key driver of Tesla's strategic focus on autonomy.
"We found that Tesla's recent market expectations for the automotive business are still too high and cannot fully reflect China's incremental capabilities and competitive quantum, which ultimately has an impact on the international market."
Overall, TSLA Ranked sixth On our list of AI stocks on Wall Street Wave today. While we acknowledge the potential of TSLA 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 TSLA and have 100x upward potential, check out our report Cheapest AI stocks.
Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.
Disclosure: None. This article was originally published in Internal monkey.