We recently published a list of Top 12 AI Stocks Dominating the Market Right Now. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other top AI stocks dominating the market right now.
s it time to sell the Mag-7 stocks? According to U.S. investment bank Goldman Sachs, investors may want to sell the Magnificent Seven after none of them delivered a positive earnings surprise this reporting season. To be fair, one important company still hasn’t reported its financial results for the final quarter of 2024. Regardless, the firm isn’t broadly optimistic about the stocks.
“This marks the first quarter with no positive sales surprises for the [Magnificent Seven] since 2022.”
On that note, Kostin has advised that investors may begin shifting capital to other technology companies, specifically those involved in artificial intelligence (AI).
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For those wondering exactly which artificial intelligence companies to invest in, Kostin suggests allocating capital to “AI Phase 3” companies. These companies have the potential to monetize AI by generating incremental revenues, such as in software and information technology (IT) services.
While choosing AI stocks for investment is important, an even more serious development in the tech world is the ongoing AI Summit in Paris. The summit has launched new partnerships, foundations, and projects as yet, and the BBC has also recently reported on an international agreement on artificial intelligence (AI) at the Summit.
According to the source, the US and the UK have reportedly declined to sign the agreement. While dozens of countries including France, China, and India, have already signed the charter that pledges an “open”, “inclusive” and “ethical” approach to the technology’s development, these two countries have chosen to decline instead.
The UK government has cited concerns about national security and “global governance” as reasons for not signing the agreement. Meanwhile, US Vice President JD Vance told delegates in Paris earlier that too much artificial intelligence (AI) technology regulation could “kill a transformative industry just as it’s taking off”.
According to Vance, AI was “an opportunity that the Trump administration will not squander” and said “pro-growth AI policies” should be prioritized over safety.
On the contrary, French President Emmanuel Macron has defended the need for further regulation.
