HP Teams Up With Google to Launch 'Beam': The AI-Powered 3D Video Chat Revolution

We recently released a compilation of 10 Artificial Intelligence Stocks That Investors Are Tracking Today In this piece, we will examine how HP Inc. (NYSE:HPQ) measures up against other artificial intelligence-focused stocks that current investors are keeping an eye on.

On CNBC’s "Halftime Report," Josh Brown, who leads Ritholtz Wealth Management and contributes to CNBC PRO, stated that he thinks the dominant trend impacting the stock market currently is artificial intelligence rather than trade tariffs.

The key takeaway from the recent earnings report is that AI has a greater impact on the stock market than tariffs.

Brown referenced JPMorgan research, pointing out that in the recent batch of S&P 500 earnings reports, the term "AI" appeared approximately 2.6 times as frequently as the word "tariff."

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He went as far as stating that these Big Tech firms, which either confirmed their positive outlook or increased their forecasts, acted as saviors, shielding the stock market from significant upheaval in April.

This is an AI-driven trend. It remains the dominant theme across the whole market. Certainly, various other trends exist, and certain sectors are performing admirably. However, without AI, there’s virtually no possibility that we would have recovered from our recent downturn as swiftly as we did, and this resilience can be attributed to the confirmed outlook.

As reported by Silicon Valley Bank, venture capital firms concentrating on artificial intelligence have been major drivers of expansion within the startup sector. In contrast, businesses in different fields are finding it difficult to secure funding.

Leave out investments in AI, and the narrative shifts entirely. Companies that aren’t utilizing AI haven’t seen significant growth; their investing has remained largely stagnant over the past year.

To compile the list for this article, we sifted through news articles, conducted stock analyses, and reviewed press releases to identify AI stocks. Additionally, these securities have garnered significant interest from hedge funds. The information regarding hedge fund holdings was last updated for the fourth quarter of 2024.

Why do we focus on the stocks that hedge funds accumulate? It's straightforward: our analysis indicates that mimicking the leading stock choices from premier hedge funds allows us to surpass market performance. Each quarter, our monthly publication recommends 14 small-cap and large-cap stocks, achieving returns of 373.4% since May 2014, which significantly outperforms its benchmark by 218 percentage points. see more details here ).

A laptop showcasing the company’s stylish notebook computers and workstations.

HP Inc. (NYSE: HPQ )

Number of Hedge Fund Owners: 48

HP Inc. (NYSE:HPQ), a tech firm focusing on personal computers and printing technologies, was recently featured prominently during Alphabet Google’s yearly I/O event held in Mountain View, California. At the conference, Google and Alphabet CEO Sundar Pichai introduced Google Beam, an "AI-driven video communication tool" designed to make virtual conversations appear as natural as face-to-face meetings. This new offering involves collaboration between Google and HP and is set for release later this year. As stated by Pichai, the innovation converts standard two-dimensional videos into lifelike three-dimensional images. Equipped with six cameras capturing individuals from various perspectives, these multiple streams are integrated through advanced AI algorithms, resulting in a highly realistic visual representation of each participant.

“The result is a much more natural, and deeply immersive conversational experience.”

Overall, HPQ ranks 9th on our list of AI stocks that investors are watching today. While we acknowledge the potential of HPQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than HPQ and that has 100x upside potential, check out our report about this cheapest AI stock .

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Top Stocks to Purchase Currently as Recommended by Billionaires .

Disclosure: No conflicts of interest. This article was initially published at Insider Monkey .

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