Top 3 AI Stocks To Watch Ahead Of US, China Talk On AI Safety

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As a seasoned crypto investor with a keen interest in the tech industry, I’m keeping a close eye on the latest developments between the United States and China regarding AI safety and risks. The upcoming talks in Geneva have certainly stirred up excitement among investors, especially those in the AI sector.

In a surprising development, US White House representatives have announced that the US and China will hold talks on artificial intelligence (AI) risks and safety in Geneva on May 14. This announcement comes after the US tightened exports controls on AI chips to China, causing a stir among global AI industry players, particularly investors closely watching AI stocks.

Based on a recent study, the discussions about AI safety and potential hazards will primarily focus on newly arising risks related to artificial intelligence systems and the distinct perspectives of the US and China on the concepts of “risk” and “safety.” Let’s delve deeper into the significance of these conversations and the three key AI stocks that warrant close attention amid escalating AI tensions between the US and China.

U.S. & China Talks On AI Safety: Here’s All You Need To Know

As a crypto investor, I’m keeping a close eye on the latest developments in artificial intelligence (AI) technology and geopolitics. The anticipated high-level talks between the United States and China present an exciting opportunity for both countries to reveal their strategies for managing the risks associated with AI. From my perspective, these discussions will serve as a valuable platform for exchanging perspectives on international governance of this rapidly evolving technology.

The emphasis from the official is on exchanging perspectives rather than reaching concrete conclusions during our talks. The focus lies in exploring the intricacies of this emerging technology and the complex technical hurdles it presents.

Now, let’s take a quick look at the top 3 AI stocks worth attention during this period.

Nvidia (NVDA)

Nvidia Corporation’s (NVDA) stock, boasting a breathtaking market value of $2.25 trillion, is presently being traded at $898.78, marking a 1.27% increase for the day. As a pioneer in artificial intelligence (AI), Nvidia has made notable strides, making it an intriguing investment prospect.

As a crypto investor, I’m excited to share that the firm has recently announced some significant advancements in quantum computing. Specifically, they plan to enhance their efforts at national supercomputing centers around the world using their NVIDIA CUDA-Q platform. Adding to this momentum, the firm showcased their groundbreaking Blackwell series AI superchips at a major conference this year. These developments have certainly piqued my interest in the AI stock as I believe they could lead to substantial progress and potential gains for investors.

Nvidia, like other businesses, is subject to AI chip export limitations to China. Despite these discussions not directly addressing this issue, there’s reason to believe a more favorable resolution may emerge in the long run.

Advanced Micro Devices (AMD)

AMD, a major tech company under U.S. export restrictions for AI chips, was priced at $151.92 today, representing a 0.31% decrease. With a market capitalization of $245.55 billion, this AI industry competitor of Nvidia is well-known for its robust rivalry.

Based on reports, AMD was trading at approximately $57 as of October 2022. Looking ahead to 2024, however, I’ve noticed an astonishing growth trajectory for this firm that has left traders and investors in awe. This surge can largely be attributed to the explosive demand for AI technology and related products, making AMD a noteworthy stock to keep tabs on.

Microsoft (MSFT)

As a crypto investor, I’m always on the lookout for promising developments in various industries, and artificial intelligence (AI) is no exception. Recently, Microsoft (MSFT), a major player in the tech world with a market capitalization of $3.08 trillion and a current stock price of $414.74 – up 0.81% – has been making headlines for its extensive investments and deals in AI technology. With such a strong financial position, MSFT is certainly an intriguing addition to any investor’s portfolio.

Microsoft’s recent initiatives in artificial intelligence have drawn significant international interest, with the tech giant investing a massive $4.3 billion in France to enhance its cloud and AI capabilities. As numerous other AI-related projects unfold, keeping an eye on Microsoft as a potential investment opportunity becomes crucial.

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2024-05-13 16:34