According to Nvidia CEO Jensen Huang, there’s a “real possibility” that the company brings its advanced Blackwell processor to China. Huang has been urging the U.S. government to allow access for American chipmakers.
“The opportunity for us to bring Blackwell to the China market is a real possibility. We just have to keep advocating the importance of American tech companies to be able to lead and win the AI race, and help make the American tech stack the global standard.”
-Jensen Huang
Huang believes that it is better for Chinese AI developers to use Nvidia’s chips. Otherwise, preventing exports may lead the Chinese tech industry to make their own and catch up.
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.
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10. SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 19
SoundHound AI, Inc. (NASDAQ:SOUN) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 26, the company announced that its Gen-AI enabled advanced voice assistant, SoundHound Chat AI Automotive, is now live and in production in select Jeep vehicles across several European markets.
Jeep drivers and passengers will now be able to experience enhanced convenience and connectivity owing to SoundHound AI’s advanced voice assistant. The power of generative AI allows passengers to engage in highly intelligent and fluid conversations for everything from listening to a story to taking tips from the manual or even planning a trip.
The voice assistant is capable of answering follow up questions using contextual clues-just like one is speaking to another human. The launch is a testament of the growing demand for in-vehicle voice assistants.
“SoundHound’s collaboration with Stellantis is focused on redefining what drivers can expect from the in-vehicle experience. By bringing our voice AI agents with integrated generative AI to Jeep, we’re helping set a new standard for intuitive, connected, and safe driving, and transforming every journey into a smarter, more seamless experience.”
-Michael Zagorsek, COO of SoundHound AI.
SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses.
9. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders: 54
Dell Technologies Inc. (NYSE:DELL) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 29, Bank of America reiterated the stock as “Buy” and raised the price target to $167 from $165. The firm has deemed Dell as an “AI juggernaut” following earnings on Thursday.
“We remain bullish on shares of DELL where we expect long term EPS growth of 15% over the next five years supported by strong growth in AI servers. The qtr and FY guide re-affirmed our confidence in Dell continuing to drive upside to AI server consensus rev ests.”
Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide.
8. Okta, Inc. (NASDAQ:OKTA)
Number of Hedge Fund Holders: 57
Okta, Inc. (NASDAQ:OKTA) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 26, Canaccord Genuity analyst Kingsley Crane upgraded the stock from Hold to Buy with a price target of $120.00 (from $115.00). While Okta has had “less-than-stellar” performance in recent quarters, the upgrade is a reflection of the stock “beginning to turn the corner.”
The firm now views OKTA as a “unique identity security platform asset in public markets” having the potential to attract acquisition interest from big tech firms or investors following the Palo Alto Networks/Cyber Arks deal.
“As we’ve calibrated a number of factors over the past few quarters, including 1) an ever-evolving guidance philosophy, 2) ongoing sales force specialization efforts, and 3) re-prioritization of identity security within IT budgets, we’re settling into the idea that OKTA’s business performance has been less-than-stellar, but we now see the business beginning to turn the corner and expect there could be incremental benefit within the PAM, and even IGA, product pillars with competitive M&A creating disruptions. To that end, we view OKTA as a unique identity security platform asset in public markets with real take-out potential from strategic buyers or private market financial sponsors in the wake of the PANW/CYBR transaction.”
Given the current valuation, the stock appears to be near the floor with upside potential backed by continued enterprise spending on identity security and opportunities tied to artificial intelligence.
“We see favorable risk/reward at these levels with valuation at 16.5x EV/CY26E FCF near a floor with ongoing identity security prioritization within enterprises alongside a budding agentic AI story creating top-line growth green shoots. We are upgrading to Buy and increasing our PT to $120 (from $115), reflecting 6x EV/CY26E Sales and 22x EV/CY26E FCF.”
Okta, Inc. (NASDAQ:OKTA) is a workplace cybersecurity company.
7. Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holders: 76
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 29, Rosenblatt analyst Hans Mosesmann lowered the price target on the stock to $95.00 (from $124.00) while maintaining a Buy rating.
According to the analysts, Marvell’s Q2 fiscal report was mixed considering data center ASIC shipment adjustments from October to January resulted in a modest sales miss and earnings beat.
Lower data center shipments and automotive business divesture led the firm to reduce its fiscal 2027 revenue estimates. Nevertheless, the firm maintains its buy rating on the “pipeline of 18 new ASICs coming to market and 50 other opportunities.”
“Marvell delivered a mixed report. Data Center ASIC shipment adjustments from October to January led to a slight top line miss and a bottom line beat. Looking out to FY27, we are lowering revenue estimates based on the automotive business divestiture and lower data center shipments. We maintain our Buy rating based on the pipeline of 18 new ASICs coming to market and 50 other opportunities. We expect these products will lower the company’s customer concentration. Our revised 12-month target price is $95, down from $124.”
Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.
6. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 115
Tesla, Inc. (NASDAQ:TSLA) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 29, Bank of America reiterated the stock as “Neutral” stating that European Tesla registrations remain disappointing.
“Despite the strong performance of BEVs [battery electric vehicles] in the region, TSLA sales continue to disappoint. TSLA’s registrations are down -33.6% YTD, with July at -40% YoY. This indicates that TSLA is losing market share to competitors which are expanding their BEV offerings.”
On the same day, Piper Sandler analyst Alexander Potter maintained a Buy rating on the stock today and set a price target of $400.00 on the company’s Full Self-Driving progress. The firm discussed the progress in robo-taxis and FSD despite cost headwinds.
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
5. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 121
Salesforce, Inc. (NYSE:CRM) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 26, Oppenheimer analyst Brian Schwartz raised the price target on the stock to $370.00 (from $315.00) while maintaining an Outperform rating.
The rating update, issued ahead of the Q2 earnings print, comes with low expectations and multiples that signal multiple bad news. Oppenheimer’s research mosaic reflects softening business trends for the company and limited near-term catalysts.
The firm believes that the Q2 earnings print may not instigate new opinions on Salesforce. Moreover, it is highly unlikely that AI messaging and estimates change materially post results. Execution risks may also prevail in the 2H of 2026 due to macro and AI-related uncertainty.
Regardless, Agentforce and Data Cloud continue to be investable themes, while margin growth continues and multiples continue to discount many risks.
“Bottom line: In our view, the F2Q earnings update may not catalyze new opinions on CRM. AI messaging and estimates are unlikely to materially change post results and there remains execution risk in the 2H:FY26 from lingering macro- and AI-related uncertainty. Nevertheless, Agentforce and Data Cloud are investable themes, margin growth continues, and multiples are already discounting many risks. We lower our PT to $315 on group multiple compression.”
Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.
4. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 156
Broadcom Inc. (NASDAQ:AVGO) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 26, the company announced that VMware Private AI Services will become a standard component of VMware Cloud Foundation 9.0, making the VMware Cloud Foundation an AI native platform. The general availability of the VCF 9.0 will allow customers to leverage a unified, AI native platform for secure, modern private cloud infrastructure at scale.
According to the company, nine out of top 10 Fortune 500 companies have committed to VCF, with worldwide customers licensing more than 100 million cores. The VCF is a secure, scalable private cloud platform that allows organizations to run, move, and govern AI models with GPU precision.
VMware Private AI Services entitlement is also anticipated to be available in Broadcom’s Q1 FY26. The native AI services include GPU Monitoring, Model Store, Model Runtime, Agent Builder, Vector Database, and Data Indexing/Retrieval. The advantages of these services are enhanced privacy and security, simplified infrastructure, and streamlined model deployment, all without an additional purchase now that private AI is core to the VCF.
VCF customers will also get access to upcoming AI innovations such as Intelligent Assist for VCF, Model Context Protocol (MCP) Support, Multi-accelerator Model Runtime, and Multi-tenant Models-as-a-Service.
“It’s undeniable that customers are resetting their cloud strategies and building out their private clouds to support better developer velocity with IT control, and more cost-efficient AI deployments. To support the next wave of AI innovation, Broadcom is making Private AI a standard part of the modern private cloud. With VMware Cloud Foundation, infrastructure and cloud operators get the cost and operational benefits of virtualization for AI workloads without sacrificing performance. Developers get access to native AI services delivered directly from the private cloud platform for a frictionless experience.”
-Krish Prasad, senior vice president and general manager, VMware Cloud Foundation Division, Broadcom.
Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets.
3. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 219
Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 26, Bernstein reiterated a “Market Perform” rating on the stock with a $210 price target.
The firm discussed how Google reported strong results in Q2, with revenues growing 14% year-over-year and every business such as Search, YouTube, Cloud, and SP&D witnessing accelerating growth.
Google’s AI features are gaining traction, with AI Overviews now being used by over 2 billion people. Overall, the company needs to continue driving growth in Search and paid clicks and while Google’s aggressive strategy is respectable, the firm remains cautious for now.
“Google (Market-Perform, PT $210): In isolation, Google delivered strong results in Q2, Revenues grew +14% Y/Y [15% FxN] with every business unit seeing accelerating growth: Search and the scrutinized paid clicks grew +12% and +4% Y/Y respectively. Management offered numerous encouraging AI engagement data points led by AI Overviews hitting 2B+ MAUs up from 1.5B last quarter, while driving a 10% increase in queries for the types of searches that use overviews. YouTube (+13%), Cloud (+32%), and SP&D (+20%) all beat and contributed to solid top-line performance. However, in comparison to peers that reported exceptional beats, Google’s 2Q earnings looked more in line. Looking ahead, top-line growth obviously matters and Google must deliver there in 2H for the stock to work. Perhaps inadvertently, but by sharing paid click growth on the earnings call, Google now must not only deliver on Search revenue growth, but also on paid clicks. We expect the Search remedy verdict any day now and still view the event as a cleaning event once the dust settles, but understand investor fears. So while we’re increasingly more constructive on Google, and really like this more aggressive version of the company, we’re practicing patience and optimistically watching to see where things shake out. We remain Market-Perform.”
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Investors Should Keep on Their Radar. One of the biggest analyst calls on Friday, August 29, was for Nvidia. Rothschild & Redburn reiterated the stock as “Buy” stating that it remains bullish on the stock following earnings earlier this week.
“Our NVDA investment thesis concludes that improving visibility on data center capex growth would coincide with proof-points as to the durability of Nvidia’s competitive moat. Together, these will combine to drive a re-rating of the shares.”
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 335
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 26, Citizens JMP analyst Andrew Boone maintained Amazon.com (NASDAQ: AMZN) at Market Outperform with a price target of $285.00. The rating affirmation comes amid observations made by the firm on Amazon’s automotive market place operations.
The firm elaborated that many dealers were unaware of Amazon’s partnership until the day of the launch. This led to an unpleasant experience for customers as the sales teams were unprepared to help them through the Amazon purchasing process.
Moreover, the dealers’ sales forces were unable to answer questions about Amazon transactions. This led to inquiries transitioning to Amazon’s support team, reflecting the disparity between dealer operations and the Amazon platform.
“Within our conversations, dealers’ sales forces were unable to answer questions about Amazon transactions, as questions regarding the process needed to be made to the Amazon support team, highlighting a clear separation between dealer operations and the Amazon platform as Amazon is not integrated into dealer workflows, while dealers are unaware of how the Amazon process actually works. Dealers are notified about a vehicle purchase once the transaction is complete, versus receiving notifications for new leads. To that end, we believe Amazon’s listings are sourced at the OEM level, which is creating separation between dealer operations and Amazon. This also highlights the deficiency of Amazon Autos acting as a marketing channel compared to other used vehicle marketplaces that are more directly built to hand off sales leads.”
Amazon.com Inc. (AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
While we acknowledge the potential of AMZN 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 AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 AI Stocks in the Spotlight Today and 10 AI Stocks Hit with New Analyst Ratings
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