We recently published a list of Top 9 AI News and Ratings Sending Shockwaves. In this article, we are going to take a look at where Five9, Inc. (NASDAQ:FIVN) stands against other top AI news and ratings sending shockwaves.

The wave of artificial intelligence investments is heating up. Just weeks after the US President confirmed a $500 billion Stargate project to strengthen US data centre capacity, South Korea has joined the fray. An investor group has already confirmed plans to construct one of the world’s largest data centers, affirming the red-hot AI demand.

The investors are plotting a $35 billion data center that will pack up to 3 gigawatts of power in the Asian nation. It will be one of the biggest data centers and nearly three times the data centers that Softbank and its partners are planning to construct in Texas as part of the Stargate project.

AI models have grown more complex and require more chips that consume greater amounts of electricity. Amid this growth, the availability of power needed to run these AI models and data centers has become a significant problem, prompting companies and countries to invest in new sources of reliable power. By 2030, creating the biggest AI models will probably require more than 5 gigawatts of electricity, according to the research group Epoch AI.

The proposed South Korean data center would be competing against emerging data center campuses that are coming up in Malaysia, Thailand, and India whereby labor is cheap and space readily available.

“If they can do it cheaply and timely, there’s definitely an opportunity there” for the South Korean facility, said Jingwen Ong, a research manager overseeing the Asia-Pacific region at DC Byte.

Additionally, it will affirm the growing investments as countries and companies look to take advantage of the AI boom. The investment spree should allay fears of a potential cut in AI infrastructure spending following DeepSeek’s breakthrough with a cost-efficient AI model.

While the $35 billion investment in a data center might be a shocker, it underscores the willingness to spend and invest in the burgeoning AI sector. Elon Musk has already tabled a $97.4 billion buyout offer for OpenAI, underscoring the great lengths investors are willing to go to strengthen their prospects amid the AI revolution.

The board of OpenAI received the unsolicited offer of $97.4 billion from Musk and a group of investors to buy the nonprofit that owns OpenAI. While the board rejected the offer, Musk’s lawyers reiterated that they would only drop the takeover if OpenAI dropped plans to convert to a for-profit structure.

Musk’s attorney insists the OpenAI board should have considered the offer in good faith because the for-profit conversion essentially means the nonprofit’s assets are being put up for sale.

“They’re just selling it to themselves at a fraction of what Musk has offered,” he said, accusing the board of a “classic self-dealing transaction.”

Musk alleges that OpenAI and Sam Altman violated the company’s original agreement by prioritizing financial gain over benefits to humanity. Altman and OpenAI have refuted Musk’s claims and described his lawsuits as a rival’s attempt at distraction.

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data was sourced from Insider Monkey’s Q4 2024 database.

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 (see more details here).

Five9, Inc. (NASDAQ:FIVN)

Number of Hedge Fund Holders: 40

Five9, Inc. (NASDAQ:FIVN) is a software infrastructure company that offers intelligent cloud software for contact centers. It also offers a virtual contact centre cloud platform that delivers a suite of applications, which enables the breadth of contact centre-related customer service, sales, and marketing functions. The company confirmed on February 19 the availability of its Intelligent CX Platform powered by Five9 Genius AI on Google Cloud Marketplace.

Additionally, Five9, Inc. (NASDAQ:FIVN) announced the release of its new Five9 AI agents tailored explicitly for the Google Cloud. By leveraging Google Cloud technology, the cutting-edge AI-powered Five9 solutions allow businesses to create remarkable customer experiences while leveraging their Google Cloud credits to increase customer loyalty and business success. The availability of the solutions underscores the deepening relations between Five9 and Google Cloud.

“Bringing Five9 AI Agents to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the solution on Google Cloud’s trusted, global infrastructure,” said Dai Vu, Managing Director and Marketplace & ISV GTM Programs at Google Cloud. “Five9 can now securely scale and support customers on their digital transformation journeys.

Overall, FIVN ranks 7th on our list of top AI news and ratings sending shockwaves. While we acknowledge the potential of FIVN 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 FIVN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.