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We recently published a list of 10 Latest AI News You Shouldn’t Miss. In this article, we are going to take a look at where Uber Technologies, Inc. (NYSE:UBER) stands against other latest AI news you shouldn’t miss.
Anastasia Amoroso, iCapital chief investment officer, said in a latest program on CNBC that 2025 will be the year of AI software, data centers and power. She believes the AI rally is broadening out.
“Artificial intelligence, as I mentioned, is carrying itself over into 2025, and I think it’s broadening. Last year, last two years, have been about semiconductors. I think this year has to be about AI software; it has to be about AI monetization, but it also has to be about AI power. And it’s not just, you know, a number of headlines talking about data centers and how much they consume, and the fact that I think you need eight times the electricity to run an AI data center. It’s an actual real trend, which I also think the Trump Administration is going to support as well.”
The analyst also said investors should consider alternative investments or private markets as she believes private equity valuations are below the levels seen in public markets.
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For this article we picked 10 AI stocks trending on latest news. With each stock we have mentioned the number of hedge fund investors. 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 (see more details here).
A close up view of a hand holding a smartphone, using a ride sharing app.
Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Investors: 136
Joshua Brown, the co-founder and CEO of Ritholtz Wealth Management, made the case for Uber Technologies, Inc. (NYSE:UBER) in a latest program on CNBC. He thinks it’s “ridiculous” to sell the stock because of the robotaxi threat. He thinks robo taxis would boost Uber’s business:
“This is the most mispriced stock in all of large cap tech. I know it’s not a tech stock by taxonomy. I know it’s considered a transportation. I cannot believe the ridiculous idea that this company’s cash flows are going to be affected by Robo taxis that are not on the road from Tesla. But that’s kind of what happened.