10 AI Stocks in Focus on Wall Street

According to Evercore ISI, the artificial intelligence-driven equity rally may still be in its early stages despite growing concerns about a bubble.

“Discussion of ‘Bubbles’ has officially entered the market dialogue.”

Led by strategist Julian Emanuel, the firm said there is a 25% chance the S&P 500 could rise past its 2026 target of 7,750 and reach 9,000 by year-end 2026.

Emanuel believes that “a Bubble has a long way to go,” hinting at Alan Greenspan’s famous “irrational exuberance” warning in 1996 that preceded huge tech gains.

Current sentiment and AI stock gains remain modest, the firm noted.

“Not only would we expect to see a Bullish surge, but the mountain of cash [would] be deployed and margin used extensively.”

Even though there may be market turbulence, the firm advises investors to own the “Mag 7” AI enablers, adopters and adapters and using options for “limited risk/theoretically unlimited reward participation.”

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. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 75

MongoDB, Inc. (NASDAQ:MDB) is one of the 10 AI Stocks in Focus on Wall Street. On September 18, Bernstein SocGen Group analyst Firoz Valliji reiterated an Outperform rating on the stock with a $338.00 price target. The reiteration follows MongoDB’s analyst day held in New York City where the company presented to investors and analysts.

According to the firm, MongoDB took the opportunity to share a “well-balanced mid-term guidance” which provides a “floor for investor expectations.”

“MongoDB hosted their analyst day yesterday in NYC… Overall, we think MongoDB shared a well-balanced mid-term guidance, that provides a floor for investor expectations, with substantial upside potential.”

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide that integrates operational, unstructured, and AI-related data to streamline building applications.

9. ASML Holding N.V. (NASDAQ:ASML)

Number of Hedge Fund Holders: 78

ASML Holding N.V. (NASDAQ:ASML) is one of the 10 AI Stocks in Focus on Wall Street. On September 22, Morgan Stanley upgraded the stock to “Overweight” from Equal Weight with a price target of €950. The firm sees “early signs of improvement” for ASML.

“Since peaking last year (Jul’24), earnings forecasts have been revised significantly downwards for ASML, as is typical in a downcycle, with a marked effect on the share price (down 45% peak to trough).”

The firm said its upgrade is a reflection of positive earnings revisions and cyclical recovery despite market concerns.

“Our upgrade reflects the potential for positive earnings revisions and cyclical recovery – focus to shift to 2026-27 debate. FY27e EPS could approach €33 (8% ahead of consensus) on strength in memory, mix effects and cost controls. We expect order momentum to build before year-end 2025 for delivery in late 2026/27. Despite the recent rally, we think the share price still reflects flat layer count, weak China, and minimal sales from Intel and Samsung. We upgrade ASML to Overweight, with a PT of €950, implying 20% upside.”

ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.