Replies to post #4356 on METAVERSE WORLD FAKE WORLD

[mick]

AXT Inc. (NASDAQ:AXTI)
Number of Hedge Fund Investors: 19
https://www.insidermonkey.com/blog/7-best-under-the-radar-ai-stocks-hedge-funds-are-buying-1307776/
California-based AXT makes semiconductor substrates, the base material used in wireless device fabrication. This makes AXT Inc. (NASDAQ:AXTI) a strong AI play since there is and will be a continued rise in semiconductor demand amid the AI boom. The stock is already up about 40% so far this year.

6. Recursion Pharmaceuticals Inc (NASDAQ:RXRX)
Number of Hedge Fund Investors: 21

AI-based drug discovery is one of the biggest trends major companies and venture capitalists are betting on. Some estimates suggest AI-led drug discovery could soon be a $100 billion business. Recursion Pharmaceuticals Inc (NASDAQ:RXRX) is an AI drug discovery play, as Recursion Pharmaceuticals Inc (NASDAQ:RXRX) uses high-dimensional data and predictive results for drug discovery and development. Last year, Nvidia decided to invest $50 million in Recursion Pharmaceuticals Inc (NASDAQ:RXRX) in a partnership that would see the combination of Recursion Pharmaceuticals Inc’s (NASDAQ:RXRX) chemical and biological datasets with NVIDIA DGX™ Cloud and other AI tech stack for drug discovery.

s of the end of the first quarter of 2024, 21 hedge funds tracked by Insider Monkey reported owning stakes in Recursion Pharmaceuticals Inc (NASDAQ:RXRX). The biggest stakeholder of Recursion Pharmaceuticals Inc (NASDAQ:RXRX) during this period was Catherine D. Wood’s ARK Investment Management which had a $245 million stake in Recursion Pharmaceuticals Inc (NASDAQ:RXRX).

Littelfuse Inc. (NASDAQ:LFUS)
Number of Hedge Fund Investors: 36

Littelfuse Inc. (NASDAQ:LFUS) makes circuit-protection devices, switches and automotive sensors. Earlier this month, Baird upgraded the stock to Outperform and set a $300 price target, up from $270. Baird is bullish on the stock amid strengths in transportation and electronics segments.

Littelfuse Inc. (NASDAQ:LFUS) is poised to benefit from autonomous driving, data center and semiconductor boom thanks to the AI wave. During its Q1 earnings call, the company talked about semiconductors, AI and growing demand: