Days after the United States unveiled a plan to promote dominance in artificial intelligence technology, China proposed a global framework for AI governance. Chinese Premier Li Qiang revealed China’s vision for future AI oversight at the World AI Conference (WAIC), one of the biggest AI events of the world.
“Overall, global AI governance is still fragmented. Countries have great differences, particularly in terms of areas such as regulatory concepts, institutional rules. We should strengthen coordination to form a global AI governance framework that has broad consensus as soon as possible.”
-Li Qiang
Qiang hinted at the ongoing trade tensions between the two powerful countries, suggesting how restrictions from the other party are leading to a shortage in China.
“Key resources and capabilities are concentrated in a few countries and a few enterprises. If we engage in technological monopoly, controls and restrictions, AI will become an exclusive game for a small number of countries and enterprises.”
With both countries competing neck and neck to dominate the AI arms race, trade negotiations may soon conclude.
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).
A financial trader actively managing a portfolio of stocks on a high-definition LED touchscreen.
10. Fortinet, Inc. (NASDAQ:FTNT)
Number of Hedge Fund Holders: 62
Fortinet, Inc. (NASDAQ:FTNT) is one of the 10 AI Stocks in the Spotlight Today. On July 28, Wells Fargo analyst Andrew Nowinski raised the firm’s price target on the stock to $110 from $95 and kept an “Equal Weight” rating on the shares. The rating affirmation comes ahead of the company’s quarterly results.
According to checks conducted by the firm, Fortinet has had modest upside to product revenue and billings. Regardless, the firm is cautious on the overall FY25 outlook as there is a chance that subscription services growth may decelerate.
Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $110 implies a 5% upside; however, the Street-high target of $135 implies an upside of 28.7%.
Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity company, provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products.
9. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 64
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the 10 AI Stocks in the Spotlight Today. On July 28, Citizens JMP analyst Trevor Walsh reiterated a Market Outperform rating and $500.00 price target on the stock. Crowdstrike maintains a strong hold in the endpoint protection domain, which in turn plays a dominant role in artificial intelligence security.
Walsh particularly talked about feedback from a product security leader who has deep confidence in CrowdStrike’s capabilities. The product security leader told Walsh that he has already got Crowdstrike on the endpoint, which is why they aren’t too worried about access or controls for AI at the user level.
“CrowdStrike (CRWD, MO, $500 PT) — where on the topic of securing AI, a product security leader told us, “I’ve already got CrowdStrike on the endpoint, so I’m not too worried about access or controls for AI at the user level.”
The customer feedback is a testament to the company’s effectiveness in the AI-security domain at the endpoint level. It also pinpoints a growing focus point in the cybersecurity industry.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.
Hedge Fund Resource Center