Artificial intelligence adoption has been surging worldwide. Amidst this rapid growth, OpenAI, the startup known to have kicked off the AI arms race, is poised to hit its full-year targets. Last week, the company reported that its annualized revenue run rate had surged to $10 billion as of June.
The company has also been recently awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools, as per a statement made by the Pentagon on Monday. It noted that the work will be performed in and near Washington primarily, with an estimated completion date of July 2026.
“Under this award, the performer will develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains.”
-The Pentagon.
The recent deal with the Pentagon marks a significant step for OpenAI, subsequently increasing the reliance on AI for government entities and society at large.
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.
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10. C3.ai, Inc. (NYSE:AI)
Number of Hedge Fund Holders: 24
C3.ai, Inc. (NYSE:AI) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 16, the company announced that all C3 AI solutions, including the C3 Agentic AI Platform and C3 Generative AI, are now available in AWS Marketplace in the AWS Secret Region. The AWS Secret Region is an expansion of the AWS Marketplace for the U.S. Intelligence Community (ICMP) program.
Through the program, government customers can now access a digital catalog from Amazon Web Services (AWS), allowing them to discover, purchase, and deploy C3 AI’s advanced software solutions.
The availability of C3 AI’s solutions in the marketplace means federal agencies can now access a comprehensive suite of pre-built applications for mission-critical operations, including C3 Generative AI for Intelligence, C3 AI Decision Advantage, C3 AI Commander’s Dashboard, and C3 AI Contested Logistics.
“Making C3 AI applications available in AWS Marketplace in the AWS Secret Region delivers federal agencies direct access to the most state-of-the-art, advanced, secure Enterprise AI solutions on the market. This is about delivering secure, scalable AI infrastructure to execute mission-critical operations at scale — with speed, efficiency, and uncompromising security.”
– Thomas M. Siebel, Chairman and CEO of C3 AI
C3.ai, Inc. (NYSE:AI) is an enterprise artificial intelligence (AI) software company involved in building and operating enterprise-scale AI applications and accelerating digital transformation.
9. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders: 36
CoreWeave, Inc. (NASDAQ:CRWV) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 16, Bank of America analyst Bradley Sills downgraded the stock to “Hold” from Buy on valuation concerns, adjusting its price target upwards from $76 to $185. Sills noted that the stock has rallied 145% since its first-quarter earnings, trading at a premium valuation of 2027 EV/EBIT of 25x.
The analyst stated that “much of the near-term upside has been priced in,” and that the stock’s valuation is at a premium to peers. The firm is optimistic about CoreWeave’s offerings amid the ongoing AI boom.
Certain developments have also proven favourable for the stock, including a new hyperscaler customer, expansion of the OpenAI agreement worth $4 billion, remarkable top-line momentum, and a lower cost of capital for recently raised debt.
Sills continues to see “solid sustained demand in CoreWeave‘s AI infrastructure market.” Even though the growth rate for capital expenditures related to artificial intelligence is surging, it remains “very healthy.”
AI infrastructure spending is estimated to reach $206 billion in 2027, a deceleration from the 65% jump observed in 2025. These estimates could move higher on a larger base. With OpenAI’s ChatGPT being the single largest consumer of AI workloads, Sills anticipates CoreWeave’s AI infrastructure market to witness continued growth.
However, elevated capital expenditure is likely to result in an estimated $21 billion of negative free cash flow through 2027. The company may have raised capital at a lower cost, but it represents only a small proportion of the overall incremental debt needed to support growth. This is why Sills is concerned about the cost of debt, as the company has funded 85% of its capex with debt in the past.
8. SentinelOne, Inc. (NYSE:S)
Number of Hedge Fund Holders: 44
SentinelOne, Inc. (NYSE:S) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 16, the company announced that its AI-powered Security Information and Event Management (SIEM) solution– Singularity™ AI SIEM–is now available on the AWS Marketplace.
Through the availability, AWS customers can now benefit from SentinelOne’s AI and data capabilities to rapidly detect and respond to cyber threats across all attack surfaces. The AI SIEM is the latest SentinelOne offering to be made available on the marketplace, along with its flagship endpoint detection and response (EDR) offering and cloud security portfolio.
Sentinel One continues to solidify its strategic partnership with AWS, as reflected by a 100% year-over-year sales growth on AWS Marketplace. Its participation in AWS’s Vendor Insights program allows it to enhance its appeal to customers who are already using AWS’s services.
“Businesses are looking for faster and smarter ways to defend a rapidly growing attack surface against increasingly sophisticated adversaries. By bringing Singularity AI SIEM to the AWS Marketplace, we’re making it far easier for more SecOps teams to harness the power of AI, automation and cloud-native data platforms to modernize the SOC and stop today’s increasingly sophisticated threats.”
-Ric Smith, President of Product, Technology, and Operations, SentinelOne.
SentinelOne, Inc. (NYSE:S) is a provider of AI-powered cybersecurity solutions.
7. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 97
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 16, Piper Sandler analyst Harsh Kumar raised the price target on the stock to $140.00 (from $125.00) while maintaining a “Overweight” rating. The firm cited growing optimism in the company’s graphics processing unit (GPU) segment and confidence in its ability to continue driving strong results behind the price target raise.
Piper Sandler is optimistic about AMD’s latest product launches, particularly the new Helios rack system. It believes the system could boost growth in AMD’s Instinct AI accelerator business. The firm made these comments shortly after the company revealed its new MI350 AI chips and previewed the upcoming MI400 series.
Kumar also highlighted AMD’s biggest segment, its client business, which is starting to show signs of improvement. The company’s “pull-ins” reflect how customers are ordering earlier than expected. Kumar further added that AMD’s GPU business could revive by the fourth quarter of Fiscal 2025 once China-related issues resolve.
To conclude, investors are confident about AMD’s strategy and upcoming AI products. The firm’s revised forecast suggests that the company can sustain ground in the competitive semiconductor market.
Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.
6. Vistra Corp. (NYSE:VST)
Number of Hedge Fund Holders: 102
Vistra Corp. (NYSE:VST) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 17, UBS raised the firm’s price target on the stock to $207 from $160 and kept a “Buy” rating on the shares. The price target raise reflects a “strong fundamental backdrop” for the power sector, the analysts noted.
Other factors cited behind the rating affirmation include “more visible demand, lack of supply response, and bias higher in pricing.” It believes that the power sector is witnessing a “demand pull” backdrop, coupled with upward pressure on wholesale power prices and potential growth opportunities from future contracting for gas assets. Together, these factors support pushing a higher valuation.
Acknowledging the ongoing market debate about the remaining upside for Vistra, the firm asserted that even though there are some yet-to-be-announced deals that may be factored into the current stock price, the market is likely to sustain higher multiples for independent power producers.
Two factors, notably the improving stability and duration of cash flows through contracting opportunities, as well as slowly increasing demand and limited near-term supply response options in the power sector, have resulted in the expectation for a higher valuation.
Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company.
5. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 104
Tesla, Inc. (NASDAQ:TSLA) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 16, Cantor Fitzgerald analyst Andres Sheppard reiterated an “Overweight” rating on the stock with a $355.00 price target. The rating affirmation comes as Tesla continues to test its unsupervised self-driving Model Y vehicles in Austin, Texas.
This testing comes ahead of its robotaxi release, scheduled for June, targeting June 22nd for the release. CEO Elon Musk had previously announced that the initial robotaxi rollout would include a “modest number of vehicles” before it expands to other cities.
By 2026, the company plans to reveal its cybercab, which is expected to have no steering wheel or pedals. Tesla’s Full Self-Driving (FSD) technology with supervision has garnered over 3.5 billion cumulative miles as of the first quarter of 2025. The firm rolled out FSD in China during the first quarter, anticipating a launch in Europe during the first half of 2025, pending regulatory approval.
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
4. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders: 111
Adobe Inc. (NASDAQ:ADBE) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 16, the company unveiled innovations in GenStudio, its all-in-one content platform, at the Cannes Lions. These AI-powered capabilities will help drive impactful video and display ad campaigns, enabling businesses to easily build ad creative for platforms including Amazon Ads, Google Campaign Manager 360, LinkedIn, and Meta.
Businesses will be able to deploy faster campaigns and sophisticated personalization at scale. Adobe has also improved its Firefly Services, Custom Models and Adobe Express to streamline content creation for teams. These tools unite marketing and creative workflows and improve the content supply chain efficiency for businesses.
Some key updates include automatically reformatting existing videos for different ad formats, creating personalized display ads, AI-generated imagery (powered by the Adobe Firefly Image Model) for use in display ads, and creating and translating marketing content in over 30 non-English languages.
Some key businesses and agencies leveraging GenStudio solutions to accelerate marketing campaigns include The Coca-Cola Company, Dentsu, The Estée Lauder Companies, Lumen Technologies, and more. Through participation at Cannes 2025, Adobe is shaping the future of personalized customer experiences through its innovative technology.
“Marketing teams face growing demands for fresh and compelling content delivered across many channels, driven in part by the explosive growth in formats such as video. Our AI platform helps businesses connect creative vision with marketing goals to deliver personalized experiences faster and more efficiently.”
-Varun Parmar, general manager, Adobe GenStudio and Firefly Enterprise.
Adobe Inc. (NASDAQ:ADBE) is a software company that provides digital marketing and media solutions.
3. Alibaba Group Holding Limited (NYSE:BABA)
Number of Hedge Fund Holders: 125
Alibaba Group Holding Limited (NYSE:BABA) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 17, South China Morning Post reported that the company updated its Qwen3 family of artificial intelligence (AI) models that could signal the potential roll-out in China of machine-learning technology on a range of Apple devices, including iPhones, iPads, and MacBooks.
The company announced the launch of new Qwen3 artificial intelligence models for Apple’s MLX architecture. The company announced in a post on Wechat that the models will be able to run on a range of Apple devices, including iPhone, iPad, MacBook, and Mac.
The MLX framework is designed to be user-friendly and efficient in training and deploying AI models on Apple’s silicon hardware. Through this development, Apple is aiming to expand the availability of its Apple Intelligence suite to China.
Alibaba Group Holding Limited (NYSE:BABA) is an internet giant that offers e-commerce services in China and internationally.
2. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 140
Salesforce, Inc. (NYSE:CRM) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 17, Cantor Fitzgerald analyst Matthew VanVliet reiterated an “Overweight” rating and $325.00 price target on the stock. The rating affirmation follows Salesforce’s Summer ’25 release announcement of over 100 new features and upgrades, with Agentforce being the highlight.
Having launched in October 2024, Salesforce has already gained traction and generated more than $100 million in annual recurring revenue. According to the firm, the Summer ’25 product announcements were “incremental, base-hit type improvements” across Salesforce’s portfolio. However, Agentforce has been a rapidly evolving offering alongside the broader Data Cloud + AI business expansion.
Cantor forecasts Agentforce to exceed $1 billion in annual recurring revenue “in only a couple of years” on the back of its current product evolution and momentum. Salesforce’s proposed acquisition of Informatica was also highlighted as a potential growth catalyst, estimated to close next year ,provided it is approved.
Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.
1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 212
NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 17, analyst Thomas O’Malley at Barclays raised his price target on the stock from $170 to $200 while maintaining an “Overweight” rating. The new target reflects significant upside potential for Nvidia in the second half of the year, backed by robust demand across the company’s supply chain.
The rating affirmation asserts that Barclays continues to feel optimistic about NVIDIA’s market potential and performance trajectory. Conducting checks with the supply chain after first-quarter earnings, the firm has identified approximately “$2 billion in upside in July for Nvidia vs. Street numbers.” This has led to a lift in its full-year Compute revenue estimate to $37 billion from $35.6 billion.
Even though Blackwell’s capacity at an estimated 30,000 wafers per month in June fell short of the firm’s expectations of 40,000 wafers, the firm asserted that “utilizations are healthy, and the supply chain sounds positive on the 2H of the year.”
Meanwhile, Blackwell Ultra is on track, and its mass production is scheduled for the third quarter. According to analysts, “both Ultra and higher volume should help gross margins (GMs) in the 2H.” The firm has therefore revised its Compute revenue forecasts for the third and fourth calendar quarters to $42 billion and $48 billion, respectively. This is above its prior projections and the Street consensus.
“Even with the recent run, this name has the most potential upside in our coverage for the 2H and we raise our PT to $200.”
-Analysts led by Tom O’Malley.
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 AI Stocks on Wall Street’s Radar and 10 Buzzing AI Stocks on Latest News and Ratings.
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