ai, NVIDIA and Taiwan
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We recently published a list of 12 AI Stocks Making Waves on Wall Street Today. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks that are making waves on Wall Street today.
In a keynote presentation, the Chairman of Foxconn claimed that developments in generative AI and robotics will end low-end manufacturing jobs.
Liu explained Foxconn is deploying AI agents to absorb expert know-how in defect detection and equipment calibration. These agents can handle up to 80% of routine tasks, cutting production cycles by over 10% and allowing humans to focus on higher-level work.
Foxconn believes it can ease the projected shortfall of over four million nurses by 2030 with healthcare solutions like AI robot Nurabot.
Foxconn’s Chairman & CEO, Young Liu, said the company has developed its own AI foundational model, FoxBrain, which it will offer to customers in the three industries, adding that Japanese Mitsubishi will be among the first original equipment manufacturers (OEMs) to utilise its smart EV reference models.
The Taiwanese company cut annual guidance as it braces for potential headwinds from newly imposed U.S. tariffs.