A top investor told CNBC that artificial intelligence is in a super cycle that could last as long as 20 years. Raj Ganguly, co-founder and co-CEO of venture capital firm B Capital, believes AI is going to have a significant global impact in the years to come.
“We’re in the very early stages, the third or fourth year of this AI super cycle. And it’s probably a 20-year super cycle. Maybe it’s a 15-year super cycle, but it is going to change the world,” Ganguly said.
Ganguly believes that the AI super cycle, a lengthy period of growth, will “change the world in every aspect,” and the entire industry will witness profound changes.
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 is as of Q2 2025.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders: 29
CoreWeave, Inc. (NASDAQ:CRWV) is one of the 10 AI Stocks Every Investor Should Watch. On September 23, Melius analyst Ben Reitzer upgraded the stock from Hold to Buy with a price target of $165.00.
The rating upgrade reflects the firm’s positive outlook on the stock as “one of the beneficiaries of accelerating cloud demand both right now and well into the future.”
With Nvidia backing OpenAI, the firm believes that it has better chances of funding its capex plans with everyone else too- benefiting suppliers such as AMD and Dell.
“Bottom Line: We reiterate our Buy rating for Nvidia, who has blunted concerns around custom ASICs in one fell swoop here with this deal. Second, we upgrade CoreWeave to Buy with a target of $165 (23x 2027 EBIT) who is one of the beneficiaries (including buy-rated Microsoft) of accelerating cloud demand both right now and well into the future. Third, if OpenAI is backed by Nvidia – then it has a better chance of funding all its capex plans with everyone else too – from Broadcom to Arista to AMD to Dell (Dell supplies CoreWeave). Don’t be surprised if someone makes an investment in xAI too…”
CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.
9. SAP SE (NYSE:SAP)
Number of Hedge Fund Holders: 32
SAP SE (NYSE:SAP) is one of the 10 AI Stocks Every Investor Should Watch. On September 22, BofA Securities analyst Frederic Boulan lowered the price target on the stock to EUR316.00 (from EUR320.00) while maintaining a Buy rating.
Despite shares underperforming the SX8P by 5pp since Q2 earnings in July, the firm has reiterated SAP as a large cap top pick. The firm believes that SAP’s long-term growth is structural and durable.
SAP’s structural growth is seen driven by both software upgrade and infrastructure migration cycles. SAP is also considered an artificial intelligence beneficiary due to its critical data ownership holding monetization potential through its broad AI product set including SAP Joule and Analytics agents.
“We reiterate our Buy rating and large cap top pick on SAP. The stock is one of our “25 stocks for 2025″ and is on our Europe 1 list of top ideas. Shares have underperformed the SX8P by 5pp since Q2 earnings in July, and the message from back to school conferences remained cautious on short term bookings. However, we view SAP growth as structural, supported by both a software upgrade and infrastructure migration cycles, whilst we see SAP as an AI beneficiary, supported by critical data ownership, with monetization upside via by a broad AI product set across functions including SAP Joule and Analytics agents. At the same time, we expect AI to support operating leverage, with c0.5bn of AI efficiencies targeted and up to 30% efficiency gains in R&D. We continue to see a solid path to revenue acceleration in 2026 and beyond. We reduce forecasts for FX (c50bps impact on 2025 revenue, 100bps 2026), PO down to €316 from €320 (ADR to $371 from $376). Reit Buy with shares on 20x 2026E EBITDA for a highly predictable growth.”
SAP SE (NYSE:SAP) is a leader in ERP software that leverages artificial intelligence to enhance its enterprise resource planning (ERP) solutions.
