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We recently compiled a list of the 20 AI News That Broke The Internet This Month. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other AI stocks that broke the Internet this month.

AI is transforming industries and reshaping the world by enhancing efficiency, driving innovation, and opening up new economic opportunities. A recent McKinsey report estimates that AI could add up to $4.4 trillion annually to the global economy by 2030. The rapid growth of AI technologies — especially generative AI — has enabled organizations to streamline processes, automate complex tasks, and develop personalized services. In healthcare, AI is revolutionizing diagnosis and treatment. For example, AI-powered diagnostic tools, such as those developed by Google Health, achieve accuracy rates that rival or surpass human doctors in detecting diseases like cancer. These advancements can reduce diagnostic errors and improve patient outcomes. Gartner predicts that by 2025, 50% of healthcare providers will invest in AI-driven technologies to improve patient care, underscoring the potential for massive growth.

Read more about these developments by accessing 33 Most Important AI Companies You Should Pay Attention To and 20 Industrial Stocks Already Riding the AI Wave.

Financial services are also being transformed by AI. According to a 2023 report from PwC, AI could increase global GDP by up to 14% by 2030, with financial services being a key driver. Banks and fintech companies are leveraging AI to enhance fraud detection, streamline customer service through AI chatbots, and offer personalized investment advice. Manufacturing is another sector experiencing rapid change due to AI. AI-powered robots are automating production lines, reducing human error, and increasing efficiency. According to the International Federation of Robotics (IFR), global sales of industrial robots are expected to reach $31 billion by 2025. These robots, coupled with AI-driven predictive maintenance systems, are lowering downtime and operational costs for manufacturers. Tesla, for instance, uses AI in its Gigafactories to streamline the production of electric vehicles, aiming to achieve greater sustainability and lower manufacturing costs.

The retail industry is embracing AI to optimize supply chains and enhance customer experiences. AI-driven recommendation systems, like those used by Amazon and Alibaba, have significantly improved customer satisfaction by offering personalized shopping experiences. A Forbes report suggests that AI could reduce supply chain forecasting errors by 50%, helping retailers better meet consumer demands. However, as AI adoption grows, so do concerns around job displacement. The World Economic Forum estimates that AI will replace 85 million jobs by 2025 but also create 97 million new roles, particularly in sectors like AI development, data science, and cybersecurity. This transition will require workers to adapt and reskill to remain relevant in the evolving job market.

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Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.

Our Methodology

For this article, we selected the most important AI news by combing through news articles, stock analyses, and press releases. These stocks are also popular among 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 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A technician soldering components for a semiconductor board.

Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. A number of Intel rivals have reportedly made bids to take over parts of the business of the chipmaker as it seeks a financial turnaround. Some of those weighing potential investments in Intel include Broadcom, QUALCOMM, and Apollo Asset Management. Meanwhile, Intel Corporation (NASDAQ:INTC) continues to land government contracts and funding, announcing earlier this month that it had been selected for multibillion-dollar contracts to make chips for Amazon and the United States government. Analysts have urged Intel to exit the foundry business but a potential deal in this regard is faced with regulatory problems.

Overall INTC ranks 16th on our list of the AI stocks that broke the Internet this month. While we acknowledge the potential of INTC 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 timeframe. If you are looking for an AI stock that is more promising than INTC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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

Those following along with Sagicor Financial Company Ltd. (TSE:SFC) will no doubt be intrigued by the recent purchase of shares by insider Gilbert Palter, who spent a stonking CA$1.3m on stock at an average price of CA$5.60. That purchase boosted their holding by 100%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

Check out our latest analysis for Sagicor Financial

Sagicor Financial Insider Transactions Over The Last Year

Notably, that recent purchase by Gilbert Palter is the biggest insider purchase of Sagicor Financial shares that we’ve seen in the last year. That means that an insider was happy to buy shares at above the current price of CA$5.50. It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. To us, it’s very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. We note that Gilbert Palter was also the biggest seller.

In the last twelve months insiders purchased 316.59k shares for CA$1.8m. But insiders sold 39.00k shares worth CA$225k. In the last twelve months there was more buying than selling by Sagicor Financial insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Sagicor Financial is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Sagicor Financial insiders own 11% of the company, worth about CA$85m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Sagicor Financial Insider Transactions Indicate?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Sagicor Financial insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Sagicor Financial. For instance, we’ve identified 3 warning signs for Sagicor Financial (1 is concerning) you should be aware of.

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Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.