We recently published a list of Top 5 AI News Moving The Market Today. In this article, we are going to take a look at where ARB IOT Group Limited (NASDAQ:ARBB) stands against other top AI news moving the market today.

Investors continue to pour back into Big Tech stocks after the US government announced temporary tariff relief. For many, this is a signal that the technology sector may not suffer much, and further relief could follow. This is moving the major tech stocks and, with it, the index. The S&P and Nasdaq indices are both up over 4% in the last five trading sessions.

Apart from the tariff developments, some companies are moving based on company-specific news as tech players continue to race ahead in the race for AI supremacy. Some of these companies are surging considerably and still have ample room to go, so you need to look at these developments before the market prices them in.

To come up with our list of top 5 AI news you may have missed, we carefully considered the recent news reports and press releases while ordering the list based on hedge fund sentiment.

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ARB IOT Group Limited (NASDAQ:ARBB)

Number of Hedge Fund Holders: 2

ARB IOT is a little-known company from Malaysia that provides Internet of Things (IoT) and AI services. The company’s stock was up over 22% yesterday, but is already up 30% today as investors absorb the news of a new contract just secured by the company.

ARBB’s wholly owned subsidiary, ARB R1 Technology Sdn Bhd, has signed an agreement with the Whizzi Group to supply AI servers. The deal is expected to be worth $53 million, an amount that is considerably higher than the company’s current market cap of $14 million.

The servers included in this deal are the ARB-222 AI servers that are critical to modern-day data centers, powering data-intensive operations demanded by various industries. This sizeable deal will go a long way in helping the company strengthen its foothold in the industry and expand at a faster rate than previously thought.

Just last month, the company also secured a deal for the same AI servers, worth well over $45 million. ARBB continues to be an attractive option for penny stock investors as the stock closed at a lower price than it was trading just one month ago, suggesting there may still be considerable upside.

Overall, ARBB ranks 5th on our list of top AI news moving the market today. While we acknowledge the potential of ARBB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ARBB but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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