A Leap in Wireless Innovation

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

A Leap in Wireless Innovation

We recently published a list of

This is the hidden content, please

• Sign In
• or
• Sign Up

. In this article, we are going to take a look at where STMicroelectronics N.V. (NYSE:STM) stands against other trending AI stocks on latest news and ratings.

The demand for energy-intensive AI data centers is outpacing supply, and while solutions like crypto site conversions, and nuclear power are promising, substantial action is needed to prevent significant power shortages in the near future.

In an interview on CNBC’s ‘The Exchange,’ Stephen Byrd from Morgan Stanley discussed the potential for converting crypto mining sites into data centers to address the power shortage for AI data centers. He noted that while Bitcoin mining companies have lucrative options, including converting sites into data centers, the high price of Bitcoin complicates decisions.

Byrd estimated a significant power shortfall of over 30 gigawatts by 2028, with solutions like Bloom Energy’s fuel cells and crypto site conversions offering partial relief. However, he warns that connecting new data centers to the grid could take years, and prices for electricity are likely to rise, creating potential political challenges. Other solutions include nuclear power and natural gas turbines, especially in regions like West Texas.

READ ALSO: 

This is the hidden content, please

• Sign In
• or
• Sign Up

 and 

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Major U.S. oil companies are considering entering the electricity market by supplying natural gas-powered electricity with carbon capture technologies to meet the growing energy demands of AI data centers. Reuters reported that Chevron has been in talks for over a year to provide natural gas-fired power combined with carbon capture solutions, while Exxon plans to offer low-carbon electricity to data centers by the end of the decade.

The move comes as the rise of AI technologies is driving a significant increase in electricity demand, prompting the need for new energy infrastructure. The companies plan to use their expertise in natural gas and carbon capture to help meet this demand, potentially reshaping the power market.

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 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 (

This is the hidden content, please

• Sign In
• or
• Sign Up

).

Story Continues

STMicroelectronics (STM) and Qualcomm Unveil AI-Powered IoT Module: A Leap in Wireless Innovation

A worker assembling the inner circuitry of a semiconductor product.

Number of Hedge Fund Holders: 18

STMicroelectronics N.V. (NYSE:STM) designs and manufactures semiconductor products, integrating AI into its solutions across automotive, industrial, and consumer electronics.

On December 11, STMicroelectronics and Qualcomm Technologies launched their first joint product, the ST67W611M1 module, to streamline next-gen wireless IoT solutions. Combining STM’s STM32 ecosystem with Qualcomm’s wireless expertise, the module supports Wi-Fi 6, Bluetooth 5.3, and Thread, and is compatible with the Matter protocol for future IoT integration. It features 4MB Flash, a 40MHz crystal, and advanced hardware security with PSA Certified Level 1 protection. Optimized for AI edge applications, it leverages STM32 tools like STM32Cube.AI and NanoEdge AI. Samples are available now, with OEM release expected in Q1 2025 and wider availability by Q2 2025.

Overall, STM ranks 10th on our list of trending AI stocks on latest news and ratings. While we acknowledge the potential of STM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than STM but that trades at less than 5 times its earnings, check out our report about the

This is the hidden content, please

• Sign In
• or
• Sign Up

.

READ NEXT: 

This is the hidden content, please

• Sign In
• or
• Sign Up

 and

This is the hidden content, please

• Sign In
• or
• Sign Up

Disclosure: None. This article is originally published at 

This is the hidden content, please

• Sign In
• or
• Sign Up

.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Leap #Wireless #Innovation

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up