AI is shifting its focus to edge computing as the next big thing in the industry. Companies like Nvidia have previously dominated the AI hardware market, but now edge computing is gaining attention. Wearables, security camera systems, and self-driving vehicles are examples of edge computing devices. The global AI edge computing industry is expected to grow at an annualized pace of nearly 32% through 2029.

Stocks like Amazon and Alphabet are already involved in edge computing, but lesser-known companies like Broadcom and Qualcomm stand to gain the most. Qualcomm’s Snapdragon processors are AI-capable and have applications in driver assistance systems, predictive maintenance, traffic management, and more. AI at the edge is seen as the next big opportunity, with Qualcomm’s CEO predicting it to be the future of AI.

Investors are advised to consider stocks like Qualcomm for their edge computing potential. The Motley Fool Stock Advisor team has identified 10 best stocks for investors to buy now, and Qualcomm is not one of them. Past recommendations like Netflix and Nvidia have seen significant returns, with Stock Advisor outperforming the S&P 500. Don’t miss out on the latest top 10 list and join an investing community built for individual investors. 1. The stock market reached record highs today, with the S&P 500 closing at 3,934.83, up 1.1%. Tech stocks led the way, with Apple and Amazon both posting strong gains.

2. The unemployment rate fell to 6.3% in January, according to the latest report from the Labor Department. This is down from 6.7% in December and below economists’ expectations.

3. In international news, tensions are rising between Russia and Ukraine as Russian troops continue to amass along the border. The US and EU have expressed concern over a potential invasion.

4. The CDC announced that more than 50 million Americans have received at least one dose of the COVID-19 vaccine. This milestone comes as the US continues to ramp up its vaccination efforts.

5. In sports, the NBA All-Star game is set to take place this weekend in Atlanta. Despite concerns about COVID-19 safety, the league has implemented strict protocols to protect players and staff.

Read more at Nasdaq: Prediction: Edge Computing Will Define Tech Winners in 2026