In This Article:
We recently published a list of 10 AI Stocks On Wall Street’s Radar. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks that are on Wall Street’s radar today.
Unlike other companies, OpenAI does not struggle with market demand; noted Oliver Jay, managing director of international strategy at OpenAI. However, the challenge lies in converting the demand into real-world applications.
“The biggest challenge right now is ... converting that enthusiasm into real-life production-ready use case,” he said. “The gap is AI fluency — to know how to turn these concepts into actual business products.” - Oliver Jay at CNBC’s CONVERGE LIVE
Jay further noted that “working with large language models is a new paradigm. It’s not software. You need to build guardrails.” This will consequently ensure reliable performance.
READ ALSO: 10 High Flying AI Stocks This Week and 12 AI Stocks Making Headlines: Latest News and Ratings
As AI competition intensifies, particularly after the emergence of DeepSeek, leading companies are moving quickly to stay ahead. In its latest, OpenAI has launched new tools for developers to help them build advanced AI agents. This will be done via a few application programming interfaces (APIs). The new tool, known as Responses API, is available to all developers at no additional cost and replaces OpenAI's Assistants API.
AI adoption and advancements, including those from OpenAI, are rapidly happening all at once, and almost everyone wants in on them. Speaking about the rapid uptick in ChatGPT usage at the two-day live event in Singapore, Jay noted how the city-state has the highest per-capita usage of ChatGPT in the world. Moreover, the advent of artificial intelligence technology is a special opportunity for all companies.
“This is the first time Asian companies, potentially, can take a leadership role on a global stage,” he said. “Traditionally, you see technology adopted in Silicon Valley first, and then Europe. ... Now there could be a company from Asia that will be the most innovative.”
Even Asian companies have a chance to lead in global innovation through artificial intelligence. Countries like China, South Korea, and India, are investing heavily in AI and can equally well challenge Silicon Valley's dominance in the next wave of technological advancements.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.