In fact, some of Berkshire's biggest investments are looking to advance AI research, with clear business benefits if they can improve their algorithms and effectively implement new use cases for generative AI. As such, about 40% of Berkshire's $293 billion portfolio is invested in five companies pushing AI forward.

Most of Wall Street piled into the Magnificent Seven stocks in the past few years, and although a lot of that flow has diverted into alternative AI stocks, it’s only a few dozen or so familiar names.

UBS analyst Timothy Arcuri raised his price target on shares of chip firm Advanced Micro Devices to $210, implying 21% upside.

While this signals stretched valuations in the market, not all artificial intelligence (AI) stocks joined the frenzy. There are still companies, such as Alphabet (GOOG 0.45%) (GOO

Nvidia’s stock slips as Chinese chipmakers like Huawei dominate Shanghai’s AI expo amid U.S. trade restrictions.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Stocks With Huge Catalysts on the Horizon. On May 13, Advanced Micro Devices, Inc.

SES AI announced before market open that it has signed a deal to fully acquire energy storage systems (ESS) provider UZ Energy for roughly $25.5 million. That price is subject to adjustments based on financial milestones that weren't disclosed.

AMD gains momentum with AI chips ahead of Aug. 5 earnings, while Intel stumbles on foundry strategy and market share loss.

Alphabet Inc. (NASDAQ: GOOGL) is one of the stocks that Jim Cramer weighed in on. During the episode, Cramer had a bullish sentiment on the stock, as he said:

Palantir Technologies › Artificial intelligence (AI) has become one of the biggest talking points for businesses over the last few years. The number of S&P 500 companies mentioning "AI" on their earnings call climbed from less than 75 in 2022 to 241 during the first quarter,