Top 3 AI Stocks To Watch Ahead Of US, China Talk On AI Safety

In an unprecedented turn of events, U.S. White House officials recently stated that the United States and China are all set to discuss AI risks and safety in Geneva on Tuesday, May 14. Following America’s tightened grip on AI chip exports to China, this news has echoed a frenzy across the global AI industry, particularly for investors eyeing AI stocks.

According to a recent report, the talks surrounding AI safety and risks will particularly zoom in on emerging risks linked to AI systems and how the two nations define “risk” and “safety.” Here’s a closer look into what the talks hold and the top 3 AI stocks that should be closely monitored amid rising AI tensions between the United States and China.

U.S. & China Talks On AI Safety: Here’s All You Need To Know

The United States and China are poised to reveal their respective national strategies for mitigating the risks associated with AI. A White House official stated that the forthcoming high-level talks will facilitate an exchange of perspectives on the international governance of AI.

However, the official emphasized that the discussions will not be centered on producing specific outcomes but rather on sharing insights into the technical challenges brought by this rapidly growing technology.

Now, let’s take a quick look at the top 3 AI stocks worth attention during this period.

Nvidia (NVDA)

With a staggering market capitalization of $2.25 trillion, Nvidia Corp (NVDA) stock is currently trading at $898.78, up 1.27% today. As a frontrunner in the AI sector, Nvidia has achieved significant milestones, making it a stock to watch.

Notably, today, the firm announced that it would boost quantum computing efforts at national supercomputing centers globally via its NVIDIA CUDA-Q platform. This, coupled with the firm’s landmark conference this year, which revealed the Blackwell series AI superchips, has made the AI stock a promising one.

It’s also worth noting that Nvidia is among the companies facing AI chip export restrictions to China. Although the talks aren’t supposed to gaze in on this, a better outlook in the future can be expected.

Advanced Micro Devices (AMD)

AMD, another company facing AI chip export restrictions under U.S. authorities’ tightened grip, traded at $151.92, down 0.31% today. Flaunting a market capitalization of $245.55 billion, the AI company is one of Nvidia’s most renowned rivals.

Reportedly, AMD traded around $57 as of October 2022. However, zooming into 2024, the firm’s phenomenal growth has taken traders and investors by storm. This primarily aligns with the colossal rise in demand for AI and related products, making the stock another prominent one to monitor.

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Microsoft (MSFT)

Another key player within the AI industry, Microsoft, has emerged, backing a plethora of AI-based investments and deals globally. Standing strong with a market capitalization of $3.08 trillion, up 0.81% to $414.74, MSFT is a stock that has emerged on investors’ radars.

The company’s recent ventures into AI have further nabbed global attention, with Microsoft even investing a whopping $4.3 billion in France, aiming to advance cloud and AI-based operations. With many other developments orbiting AI further coming into play, MSFT is a stock that one should monitor for investments.

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