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.

On March 4th, QNX, a division of BlackBerry Limited (NYSE:BB), announced that FERNRIDE deployed the QNX OS for Safety to improve the security and operational reliability of its autonomous terminal tractor solution. QNX offers a robust foundation for software-defined businesses through operating systems, hypervisors, development tools, and support services. Its software is used in automotive, medical devices, industrial, robotics, vehicles, and aerospace industries. Meanwhile, FERNRIDE offers scalable automation solutions for port and yard logistics, revolutionizing container terminal operations. With the QNX embedded software, FERNRIDE can advance its product development while addressing logistical challenges like labor shortage and tight deadlines and complying with strict EU safety regulations.

“We are proud to collaborate with FERNRIDE to deliver its cutting-edge autonomous solution, especially at a time when the logistics industry is urgently seeking ways to reduce costs while not compromising on meeting safety goals. By leveraging the capabilities of safety certified software and engineering services, FERNRIDE is helping to drive the future of autonomy and empowering their customers to achieve next-level efficiency and safety. This collaboration demonstrates our commitment to working with companies at the forefront of innovation who prioritize safety, security, reliability, and performance.”

-said Grant Courville, SVP of Products and Strategy at QNX.

Overall, BB ranks 4th on our list of trending AI news updates driving US markets. While we acknowledge the potential of BB as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.