In line with Beijing’s push for technological self-sufficiency in the AI arms race, Huawei has unveiled new AI infrastructure to boost compute power and better compete with rival Nvidia.
According to the tech giant, it plans to launch its new “Atlas 950 SuperCluster” as early as next year. Nvidia, on the other hand, has acknowledged that competition has undeniably arrived.
“The competition has undeniably arrived and is gaining momentum. Customers will choose the best technology stack for running the world’s most popular commercial applications and open-source models.”
-Nvidia spokesperson told CNBC in a statement.
Huawei announced that it would be rolling out three new versions of its Ascend chips through the end of 2028. The purpose of each release is to “double compute” capabilities with each one.
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. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 66
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 18, Jefferies analyst Joseph Gallo raised the price target on the stock to $515.00 (from $500.00) while maintaining a Buy rating.
The rating affirmation follows Jefferies attendance at CrowdStrike’s Fal.Con conference and investor briefing where the firm recapped how Crowdstrike focused on its expanding product portfolio in artificial intelligence and identity security.
Jefferies believes the stock still has upside.
“We attended Fal.Con & the investor briefing which focused on the expanding prod portfolio into AI/Identity & new FY27 guidance for 20%+ yoy NNARR growth implying 22% yoy total ARR growth (2 pts above cons). Given management’s historical prudence + AI likely not being factored in yet, we believe upside remains possible. CRWD’s ROI as a platform remains evident (partner/customer convos remained positive & win rates high) justifying a premium 59x EV/CY26E FCF.”
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.
9. monday.com Ltd. (NASDAQ:MNDY)
Number of Hedge Fund Holders: 67
monday.com Ltd. (NASDAQ:MNDY) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 18, KeyBanc analyst Jackson Ader reiterated an Overweight rating on the stock with a $330.00 price target. The rating reiteration follows the company’s investor day at its Elevate Conference in New York.
The firm discussed how Monday.com set a 2027 revenue target of $1.8B, below prior expectations. This is why it is lowering its revenue estimates for the next couple of years. However, the target doesn’t include AI products contributions, which may add upside later.
“Today we attended monday.com’s investor day at its Elevate Conference in New York. There were a couple of key takeaways from the product side, but in fairness, these were completely trumped by the 2027 revenue target set at $1.8B. The target, framed as a base case by management, is below estimates entering today. No need to hide it, we are lowering our revenue estimates for the next couple years, but it is worth noting that the target excludes contributions from AI products like Vibe and Agents that are either coming soon or launched but far too early to build into revenue targets.”
monday.com Ltd. (NASDAQ:MNDY) develops software applications globally, offering a cloud-based Work OS for creating work management tools.
8. MongoDB, Inc. (NASDAQ:MDB)
Number of Hedge Fund Holders: 75
MongoDB, Inc. (NASDAQ:MDB) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 18, Stifel analyst Brad Reback raised the price target on the stock to $375.00 (from $325.00) while maintaining a Buy rating.
According to the firm, management has presented a “compelling case” during the company’s Analyst Day and User Conference related to the company’s potential to sustain robust top-line growth and profitability.
“During Mongo’s analyst-day/user-conference we believe management presented a compelling case it can sustain strong top line growth and accelerate profitability as the company gains share across the traditional database market, especially among larger enterprises, makes AI inroads given the Mongo’s architectural advantages and the completeness of its platform (vector search, embeddings, etc.) and benefits over-time from SQL migrations due to its maturing application modernization platform (AMP), all while co-existing with Postgres (see customer/ partner comments below). On the profit front we expect sustained S&M leverage as the company benefits from the flywheel of increasingly successful self-service customer engagement that helps to make the entire GTM motion more efficient which should allow management to effectively fund its R&D initiatives. The net result is management’s very realistic/conservative long-term financial framework (3-5 years) that calls for a balanced mix of growth (high-teens, >20% Atlas growth) and profitability (>20% OM, 100-200bps OM expansion/yr).”
MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide that integrates operational, unstructured, and AI-related data to streamline building applications.
7. Workday, Inc. (NASDAQ:WDAY)
Number of Hedge Fund Holders: 76
Workday, Inc. (NASDAQ:WDAY) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 17, BofA Securities Analyst Brad Sills reiterated a Buy rating and $265.00 price target on the stock. The rating affirmation follows Workday’s analyst day at its Workday Rising user conference.
The firm highlighted Workday’s acquisition of Sana for $1.1 billion, its new partnership with Microsoft to import agents built on Azure AI Foundry into the Illuminate agent platform, and a new flex credit pricing model for Illuminate, Workday’s proprietary, next-generation AI engine and enterprise AI platform, which will allow it to capture consumption-based revenue.
BofA is positive about Workday’s updated growth and margin targets because the company set a more achievable growth target of 12% to 15% (down from mid-teens). It also demonstrated a better operating leverage with a 35% FY28 margin target (up from 30%+ in FY27), as well as committed to lowering stock-based consumption to 13%-14% of revenue in FY28, down from 15%.
The firm believes these changes will lead to fast-paced, higher quality free cash flow, with the firm modeling a two-year compound annual growth rate of 23% in FY28, up from 20% in FY27.
Workday, Inc. (NASDAQ:WDAY) provides enterprise cloud applications.
6. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 94
Micron Technology, Inc. (NASDAQ:MU) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 17, Wolfe reiterated the stock as “Outperform” and raised its price target to $180 per share from $160.
According to the firm, the outlook in commodity memory continues to improve with multiple AI tailwinds.
“Reiterate Outperform rating, increasing PT to $180 price target. Our $180 price target is based on ~11x our FY27 EPS of $16.43. Following MU’s positive pre-announcement in August, NAND sentiment has improved driven by HDD shortages, and DRAM pricing has proven resilient, perhaps due to better server trends. While sentiment and the stock has risen into the report, we remain constructive due to the significant HBM content gains coming in CY27. We raise our FY26 Rev/EPS estimates to $49.5bn/$13.13 from prior $48.5bn/$13.03; we also introduce FY27 estimates of ~$56.3bn/$16.43, which incorporates only ~60% y/y growth in HBM, ~14% y/y growth in NAND, and ~flat y/y growth in DDR memory in FY27. We increase PT to $180 on higher estimates (~11x our FY27 EPS). Valuation: MU is trading at 9.7x our FY27 EPS, below its 11x average over the past two years. Relative performance. MU has increased +82% LTM, below SK Hynix’s +114% rise but better than Samsung’s +23% increase.”
Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.
5. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 156
Apple Inc. (NASDAQ:AAPL) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 17, UBS analyst David Vogt reiterated a Neutral rating on the stock with a $220.00 price target.
The firm analyzed early iPhone 17 preorder data which suggests mixed demand for the iPhone 17.
“UBS Evidence Lab Data (>Access Data) that tracks iPhone availability across 30 geographies suggests mixed demand for the iPhone 17 lineup since preorders began last Friday. For context, we believe YoY comparisons are more meaningful in determining underlying demand. While the introduction of the Air (ex-China) is a major change, we note two other key launch differences. First, the Base’s price remained at $799 despite storage now starting at 256GB (from 128 GB). Second, we note that Apple has seven models available on its website, compared to nine last year that could impact purchase behavior.”
Apple is a technology company known for its consumer electronics, software, and services.
4. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 18, CFRA reiterated the stock as “Buy.” The firm said the upside is “limited” for Nvidia right now.
“Limited Upside for NVIDIA until U.S./China Trade Negotiations Improve.”
Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $211 implies a 19.71% upside; however, the Street-high target of $389.73 implies an upside of 120.60%.
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
3. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Investors: 260
Meta Platforms, Inc. (NASDAQ:META) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 18, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $900.00 price target.
In an investor note, the firm discussed how Meta has highlighted creative as the most important factor for winning the auction. The company explained its auction formula, and noted how ads with 5-10 creative themes had 24% higher return on ad spend, and video ads with audio had a 15% lower CPA than those without.
On engagement, Meta highlighted that 85% of content is shared on Instagram and that half of the time spent on the platform is on Reels. The firm noted how Boots UK realized a 4 times better conversion rate with message ads, which is the first time they have heard of scaled success with message ads from a Western retailer.
“Meta highlighted the importance of creative. Meta again reinforced the importance of creative for performance as Nielsen Catalina attributes the majority of attribution to performance, with the Meta rep suggesting this is the most important variable for winning the auction. Specifically, she highlighted its auction algorithm, whereby total value in the auction equals advertiser bid multiplied by estimated user action rate plus user value, which is an ad quality measure. Additionally, ad creative with 5-10 creative themes has 24% higher return on ad spend, while video ads with audio had a 15% lower CPA than ads without video, and Meta reinforced that best-in-class DTC brands have mid-to-low-single-digits of spend dedicated to fatigued ads, which is a key benefit to offering high ad diversity. This leads us to believe it is still early for marketers in optimizing Reels performance. On engagement, Meta highlighted that today, 85% of content shared in Instagram is Reels, with 4.5B Reels reshared daily, while 50%+ of time spent on Instagram is on Reels. Lastly, Boots UK, a British health and beauty retailer, noted it realized a 4x better conversion rate with message ads, which is one of the first times we have heard scaled success with Message ads from a Western retailer.”
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 294
Microsoft Corporation (NASDAQ:MSFT) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 17, Microsoft and AI-powered lifestyle commerce platform – Curated for You announced a collaboration to integrate curated fashion discovery in Microsoft Copilot. The new experience is now live, offering users the ability to use conversational prompts to discover fashion.
Microsoft’s Copilot now offers the ability to respond with context-aware, shoppable curations that are driven by Curated for You’s intelligent merchandising engine. Users can ask Copilot fashion-related questions and receive curated product recommendations in response.
Microsoft has announced that five top retailers—including REVOLVE, Steve Madden, Tuckernuck, Rent the Runway, and Lulus— have already joined the platform. The companies can now display curated fasion collections directly within Copilot’s interface.
“By infusing shopping with relevance and empathy, we’re turning Copilot into a style companion that understands your life. This partnership bridges lifestyle intent with real-time curation, helping users go from idea to outfit seamlessly.”
-Jennifer Myers, Principal Product Manager for Microsoft Shopping.
Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 335
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks Making Big Moves on Wall Street. On September 16, Truist Securities analyst Youssef Squali raised the price target on the stock to $270.00 (from $250.00) while maintaining a Buy rating.
The firm said that Amazon is tracking ahead of consensus revenue expectations for North America in 3Q25-an estimated $1B ahead of its $105B forecast. It further noted steady demand and no tariff impacts yet, a testament to its “expansive offering, its marketplace model and superior logistics.”
“More than two-thirds into 3Q25, Amazon’s NA revenue is tracking ~$1B ahead of consensus of ~$105B per the Truist Card Data (thru 9/6), implying ~10% Y/Y growth which is virtually in line with 2Q’s level of 11%. August’s AOV & order frequency were flat and up 6% Y/Y, respectively reflecting no attenuation of demand so far and no notable increases in ASPs from tariffs so far, a testament to the company’s expansive offering, its marketplace model and superior logistics. We’re tweaking our 3Q estimates higher, publishing our 2026 quarterly projections and establishing a new FY26 DCF-derived PT of $270 vs. our previous FY25 PT of $250.”
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 Gaining Attention on Wall Street and 10 AI Stocks Analysts Are Tracking Closely.
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