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We recently published a list of 9 Trending AI News Updates Driving US Markets. In this article, we are going to take a look at where BlackBerry Limited (NYSE:BB) stands against other trending AI news updates driving US markets.
As the global AI race heats up, the Trump Administration’s downsizing of federal agencies poses a risk to AI development in the US. His cost-cutting measures are already impacting AI research efforts. Yesterday, a key federal AI research agency witnessed layoffs and faced potential budget cuts. Several US National Science Foundation employees, with expertise in AI, were terminated, threatening the agency’s ability to sustain AI research.
The government’s latest move also affected the Directorate for Technology, Innovation, and Partnerships within the National Science Foundation. The department played a key role in funneling government grants related to AI. Industry experts heavily criticized the downsizing.
Meanwhile, Chinese buyers are circumventing US export curbs to acquire the latest AI chips from top US manufacturers, exacerbating Trump’s challenges in cutting off the transfer of American technology to China. Washington imposed export controls in 2022 to curb China’s access to semiconductors for training AI models, but underground brokers are still managing to bypass the controls.
“China will help bridge the technological divide and prevent technological innovation from becoming a game for the rich countries and the wealthy,” said Chinese politician and computer scientist, Lou Qinjian, at the start of the annual National People’s Congress.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of over 1000 hedge funds.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A research engineer surrounded by hardware, demonstrating the company's secure container offerings.
BlackBerry Limited (NYSE:BB)
Number of Hedge Fund Holders: 23
BlackBerry Limited (NYSE:BB) offers intelligent, high-performance software and services to clients in diverse industries, such as the automotive and industrial sectors, to help them generate new revenue streams and innovate business models safely and reliably. The company’s expertise in offering secure communications services enables it to deliver operational resiliency through a certified portfolio for mobile fortification and critical events management.