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 Opera Limited (NASDAQ:OPRA) 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 woman using a mobile browser to search for news stories to stay up to date.

Opera Limited (NASDAQ:OPRA) 

Number of Hedge Fund Holders: 16

Opera Limited (NASDAQ:OPRA) is a software firm offering top-notch internet browsing experience on a range of devices. Since early 2024, the company has prioritized its AI Feature Drops program to test experimental AI features like local LLMs, image creation, and AI Tab Commands.

On March 3rd, the company announced at the MWC in Barcelona that its browser had become the first agentic AI browser that could perform user browsing tasks. Opera Limited (NASDAQ:OPRA) said its native AI agent, Browser Operator, is currently being demoed and is expected to change how users browse the internet while protecting their privacy. The native AI agent allows users to explain their requirements in natural language so that it can perform tasks for them. Users have complete control over any automated browser tasks the AI agent implements, which they can override at any time.

“For more than 30 years, the browser gave you access to the web, but it has never been able to get stuff done for you. Now it can. This is different from anything we’ve seen or shipped so far. The Browser Operator we’re presenting today marks the first step towards shifting the role of the browser from a display engine to an application that is agentic and performs tasks for its users.”

-said Krystian Kolondra, EVP of Opera Ltd.

Overall, OPRA ranks 5th on our list of trending AI news updates driving US markets. While we acknowledge the potential of OPRA 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 OPRA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

 

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