Investor's Watchlist: 5 Hottest AI Stocks of the Hour!

On Wednesday, the stock market saw gains as investors digested a core inflation report for August that exceeded expectations.

As of 11:33 AM ET, the Dow was up 77.5703 points, or 0.2239%, at $34723.56. The Nasdaq Composite added 99.4316 points, or 0.6503%, at $15389.168. The S&P 500 rose 15.1899 points, or 0.3404%, at $4477.09. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Consumer Cyclical leading the way with a 0.61% increase.

In August, the Consumer Price Index (CPI) surged by 0.6% for the month, marking a 3.7% increase from the same period a year ago. Economists, as surveyed by Dow Jones, had anticipated smaller rises of 0.6% and 3.6% for these respective figures.

However, the Core CPI, which excludes the volatile components of food and energy, posted a 0.3% increase for the month and a 4.3% increase year-over-year. These numbers exceeded expectations, as economists had forecasted 0.2% and 4.3%, respectively. It's worth noting that Federal Reserve officials tend to focus more on the core CPI, as it offers a clearer signal of the longer-term inflation trend.

Top Movers: Under $10

DZS Inc. (DZSI) is up 23.50% today to trade at the current level of $2.26. This comes after the company announced that it has secured $29.7 million in loans, including a $24.5 million 3-year term loan with 29% shareholder DASAN Networks, Inc. (DNI).

Nemaura Medical Inc. (NMRD) zoomed 25.71% in today’s trade to $0.44 following the release of interim results from its metabolic health program.

In current trading, Hoth Therapeutics Inc. (HOTH) stock is at $2.95 following the declaration of positive results killing Cancer Cells in both Gastrointestinal Stromal Tumors and Acute Myeloid Leukemia.

Faraday Future Intelligent Electric Inc. (FFIE) rose 17.78% in the early hours of today's trading to move at $4.57.The company announced that one of FF’s newest car owners Jason Oppenheim, will take delivery of his FF 91 2.0 Futurist Alliance at FF’s "Delivery Co-Creation Day".

In the current trading session, D-Wave Quantum Inc. (QBTS) jumped 8.28% to $1.07 over a previous close of $0.99 after announcing notable progress in its development of high coherence qubits, with results expected to have a significant impact on its future quantum technologies.

Ex-Dividends Stocks

Gilead Sciences Inc. (GILD) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.75 per share. The company has fixed September 15 as the record date for the same and will pay the actual dividend on September 28. Last year, the company distributed a total of $3.00 to its shareholders. Based on the last year's worth of payments, GILD has a trailing yield of 3.88% on the current stock price of $77.25.

Another stock that is shelling out dividends tomorrow is KBR Inc. (KBR), having a market capitalization of $8.14B. It will pay a dividend of $0.14 per share, the payment date of which is October 16. Currently, the stock is trading at a trailing dividend yield of 0.90%.

Shares of The Coca-Cola Company (KO) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.46 per share, and in the last 12 months, the company paid a total of $1.84 per share. Last year's total dividend payments show that KO has a trailing yield of 3.15% on the current share price of $58.49.

Merck & Co. Inc. (MRK) is also set to go ex-dividend tomorrow. The next dividend payment from MRK will amount to $0.73 per share. September 15 has been designated as the record date for this dividend, with the actual payout scheduled for October 06. In the previous year, MRK distributed a total of $2.92 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for MRK stands at 2.69% based on the current stock price of $108.66.

Thermo Fisher Scientific Inc. (TMO) will be paying out a dividend of $0.35 per share to shareholders holding their shares as of the close of the business hours on the record date of September 15. Over the past 12 months, TMO has paid out a total of $1.40 per share in dividends. Based on the total dividends paid out last year, TMO boasts an impressive trailing yield of 0.27% on the current share price of $524.11.

Crypto Market Highlights

Most Shorted Stocks

Big Lots Inc. (BIG) was one of the most shorted stocks as of latest short interest figures, with 27.99% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 3.5. This represents a change of 1360000 shares, which corresponds to a +21.76% increase in short interest. The total value of the shares held short is estimated to be around $43.99 million. The average daily volume stands at 2.13M shares, and the market capitalization of the company is $177.39M.

The Wayfair Inc. with the symbol W currently has a short interest of 19.37%. The short interest has changed by 1260000 shares. The days to cover ratio stands at 4.9. The estimated value of the shares held short is approximately $1.61 billion. On an average day, 4.45M shares are traded, with the company's market capitalization totaling $8.31B.

For the stock SL Green Realty Corp. (SLG), the current short interest is at 26.33%. This represents a significant short interest change of 1140000 shares, corresponding to a short interest percentage increase of +7.24%. The days needed to cover the short positions amount to 7.6. The approximate worth of the shares held short is $692.49 million.

The stock EOSE has a current short interest of 25.78%. The short interest percentage has experienced increase of +11.67% while there was a change of 3610000 shares in short interest. The ratio indicating the time required to cover short positions is 3.4. Trading activity averages at 10.33M shares per day, while the company's market capitalization stands at $356.03M.

The stock BMEA has a current short interest of 27.46%. The short interest percentage has experienced increase of +4.65% while there was a change of 360000 shares in short interest. The ratio indicating the time required to cover short positions is 10.5. Trading activity averages at 751.06K shares per day, while the company's market capitalization stands at $555.81M.

AI Stocks to Watch

According to our ST Score evaluation, Zoom Video Communications Inc. (ZM) emerges as a high-quality stock in the AI industry, attaining an impressive score of 61.0. The stock's profitability, financial strength, and stock sentiment are strong. However, its performance are weak. Additionally, it is neutral in terms of value, growth, Piotroski Score, and forecast.

Our ST Score also classifies Autodesk Inc. (ADSK) as a high-quality AI stock today, presenting a Score of 59.0. The stock has strong fundamentals in terms of profitability, performance, growth, stock sentiment, and Piotroski Score. However, it has weak value, and financial strength. The forecast are neutral.

Another stock in the category, Cisco Systems Inc. (CSCO) has the ST Score of 59.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, stock sentiment, and Piotroski Score but weak in value, and financial strength. Growth, and forecast suggest a neutral outlook.

Broadcom Inc. (AVGO) stock has the ST Score of 59.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, growth, and Piotroski Score, but its weaknesses are in its value, and financial strength. However, it shows neutral outlook in stock sentiment, and forecast.

Arista Networks Inc. (ANET) currently has the ST Score of 57.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, and growth, while its weak points are its value. The stock's performance, financial strength, stock sentiment, Piotroski Score, and forecast indicate a neutral outlook.