Tesla, Inc. (NASDAQ:TSLA) is leading the pack in artificial intelligence stocks, despite some analysts warning that the market may have reached a plateau. The company’s self-driving technologies and robots have significant potential to revolutionize manufacturing.
In a recent upgrade, Wedbush reiterated Tesla as “Outperform” and raised its price target to $400 from $300. The firm believes Tesla is well-positioned to gain from artificial intelligence and autonomous driving. According to Wedbush, the Trump White House win will be a game changer for the company’s AI story.
Tesla designs, develops, manufactures, and sells fully electric vehicles, energy generation and storage systems, leveraging artificial intelligence for its self-driving technologies and robots. The company’s focus on AI is expected to bring in huge potential growth worth $1 trillion alone.
However, some analysts are warning that the market may have reached a plateau with pre-training stages of AI model training reaching a plateau. Researchers are now exploring “test-time compute,” a technique that enhances existing AI models during the inference phase.
Other notable developments in artificial intelligence include the first AI-powered robot lifeguard developed by Chinese scientists. The robot will operate without human intervention, utilizing artificial intelligence, big data, and navigation technologies.
Japanese Prime Minister Shigeru Ishiba has pledged over $65 billion of fresh support for the nation’s semiconductor and artificial intelligence sector, aiming to narrow the gap between Tokyo and global powers on chip support.
Source: https://finance.yahoo.com/news/wedbush-raises-tesla-inc-tsla-035206057.html