According to a new report from consulting firm ICF, the United States will face a dramatic surge in electricity consumption over the next five years. Electricity demand is anticipated to rise by 25% by 2030, and a staggering 78% by 2050. Technological and consumer shifts, particularly artificial intelligence, are at the root of the surge.
Meanwhile, a new analysis by Alex de Vries-Gao, founder of the Digiconomist, has revealed that artificial intelligence systems could account for almost half of datacenter power consumption by the end of this year. International Energy Agency estimates reveal that all data centers, except for mining for cryptocurrencies, consumed 415 terawatt hours (TWh) of electricity last year. De Vries-Gao asserted that AI could already account for 20% of this total.
READ ALSO: 10 AI Stocks on Analysts’ Radar Today and 10 AI Stocks on Wall Street’s Radar.
In the latest news, President Donald Trump has issued orders to boost the US nuclear energy industry. The orders can not only help revive the uranium market, but also motivate investors toward the sector. The latest orders will help revive uranium production in the U.S., helping meet the surging power demand largely driven by massive data centers.
Even though spot uranium prices peaked in 2023, they have fallen about 30% since due to recession fears and geopolitical instability. Big tech firms would be particularly interested in the option given their reliable nature and near-zero carbon footprint. Nevertheless, rising costs and competition from natural gas plants have put nuclear projects feeling pressure.
Currently, there is a weakness in the uranium market and a lack of investor interest, making it difficult to initiate new projects. However, Evercore ISI feels optimistic about the news.
(The orders) will provide further confidence that the Federal funds already earmarked to support the domestic nuclear fuel supply chain (will) get deployed quickly which in turn should attract more private investment.”
-Nick Amicucci of Evercore ISI.
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 Q1 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. Informatica Inc. (NYSE:INFA)
Number of Hedge Fund Holders: 23
On May 27, DA Davidson analyst Gul Luria reiterated a Neutral rating on Informatica Inc. (NYSE:INFA) with an $18.00 price target. Informatica is a leader in enterprise AI-powered cloud data management.
The firm has added Informatica to its STAMPEDE list, which identifies special situation investment ideas. The addition to the STAMEDE list is driven by Salesforce’s recent announcement that it intends to acquire Informatica for an equity value of $8 billion.
“We are adding Informatica to D.A. Davidson’s STAMPEDE list of special situation investment ideas, under the letter T for “Takeouts” given the recently announced news that the company has entered into an agreement for Salesforce (CRM) to acquire Informatica for $8B in equity value, net of Salesforce’s current investment in Informatica. While we expect this acquisition to close, we remain hesitant to endorse the deal given our thoughts regarding Informatica’s offerings and Salesforce’s return to their acquisition playbook.”
The agreement between the two companies marks a significant step forward for both companies. In particular, the addition of Informatica to the STAMPEDE list implies that it is uniquely positioned and is worthy of interest for investors looking for special situation opportunities. The firm remains neutral despite the acquisition news, implying that stock valuation remains consistent with previous analysis.
9. Aurora Innovation, Inc. (NASDAQ:AUR)
Number of Hedge Fund Holders: 33
On May 27, Cantor Fitzgerald analyst Andres Sheppard reiterated an “Overweight” rating on Aurora Innovation, Inc. (NASDAQ:AUR) with a $12.00 price target. Aurora Innovation is a self-driving technology company.
The firm has highlighted Aurora’s significant progress in the autonomous trucking industry, noting how the company has reportedly become the first in the United States to operate a commercial self-driving service via heavy-duty trucks on public roads.
As of May 2025, the company’s autonomous technology surpassed 3 million cumulative miles, both driverless and supervised. Moreover, since the company has entered early into the market, the firm believes that it may have a first-mover advantage in a sector with a substantial total addressable market (TAM).
Some key strengths of Aurora’s business model include its low asset intensity, high margins, favorable regulatory conditions, and its capability to scale its operations rapidly. The firm also highlighted Aurora’s partnership with Continental, designed to improve high-volume installation of Aurora’s hardware. With the start of production (SOP) poised for 2027, the firm expects it to be a catalyst for Aurora’s growth.