Meta, one of AI chip maker Nvidia’s key customers, is reportedly holding discussions with Google to use its tensor processing units for its data centers. Shares of the AI leader fell in response to the news, sparking Wall Street’s concerns that its dominance of AI infrastructure may be threatened by Google’s AI chips.
Nvidia, however, said it is delighted by the news.
“We’re delighted by Google’s success — they’ve made great advances in AI and we continue to supply to Google. NVIDIA is a generation ahead of the industry — it’s the only platform that runs every AI model and does it everywhere computing is done.”
BofA analayst Vivek Arya believes Nvidia will still likely dominate the market, albeit at a 75% market share from the estimated 85% it currently holds.
Google’s in-house chips have been garnering increasing attention as a feasible alternative to the Blackwell chips, albeit expensive. Google currently doesn’t sell its TPU chips but it uses them for internal tasks and rents them through Google Cloud.
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. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders: 54
Dell Technologies Inc. (NYSE:DELL) is one of the 10 AI Stocks Making Headlines on Wall Street. On November 26, Goldman Sachs raised its price target on the stock to $185 from $175 while maintaining a “Buy” rating. The price target raise follows Dell’s improved fiscal 2026 earnings guidance, stronger AI server demand, and improved margin trajectory.
Firm analysts noted how Dell raised its F2026 EPS outlook to $9.82-$10.02 driven by stronger-than-expected EBIT growth. Its Infrastructure Solutions Group (ISG) segment also beat and improved margins, while AI server demand also improved across Tier 2 CSPs, as well as higher-margin neocloud and sovereign customers.
“AI server demand improved across Tier 2 CSPs and higher-margin neocloud and sovereign customers, with (a) AI server orders accelerating to $12.3 bn (v. $5.6 bn in F2Q26); and (b) AI server margins improving sequentially.”
Dell has improved its F2026 ISG revenue outlook to the mid-to-high 30s% range and raised its F26 AI server outlook by $5billion to $25billion. The company also anticipates ISG margins to improve further, driven by continued traditional server refresh and a richer mix of its Dell-IP storage portfolio.
CSG revenue and margins missed due to consumer revenue weakness (-7% yoy), offsetting commercial revenue growth (+5% yoy). However, analysts noted how DELL anticipates to continue benefitting from the ongoing PC refresh cycle and Windows 11 upgrades.
Goldman Sachs also highlighted that DELL has reassured investors about commodity inflation, noting it can recover two-thirds of cost increases within 90 days with its strong supply-chain leverage.
Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide.
9. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 66
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the 10 AI Stocks Making Headlines on Wall Street. On November 25, DA Davidson raised its price target on the stock to $580 from $515 while maintaining a “Buy” rating. The PT raise comes ahead of CRWD’s Q3 results due next week, with analysts expecting a strong beat & raise for the quarter.
According to the firm, Crowdstrike will likely deliver a strong quarter driven by continued momentum in net new annual recurring revenue (NNARR). This will likely boost investor confidence in Crowdstrike delivering the targeted 20% y/y growth in FY27.
Analysts noted how shares have outperformed the iShares Expanded Tech-Software Sector ETF (IGV) by an estimated 23% since the company’s September Investor Day “even after the recent pullback in step with the market & valuation remains frothy vs. comps.”
“We are thus unsure if results will be enough to catalyze shares near-term, but we remain BUY rated & are raising our PT from $515 to $580 as we remain very bullish on the CRWD story over the long term.”
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.
8. Alibaba Group Holding Limited (NYSE:BABA)
Number of Hedge Fund Holders: 101
Alibaba Group Holding Limited (NYSE:BABA) is one of the 10 AI Stocks Making Headlines on Wall Street. On November 26, Benchmark reiterated its Buy rating on the stock with a $195.00 price target. The rating affirmation follows BABA’s second-quarter fiscal 2026 results, with firm analysts highlighting robust growth across core e-commerce and cloud.
The Chinese ecommerce and technology company has reported strong topline performance despite margin pressure. Revenue grew 5% yoy to RMB 248B, topping estimates by an estimated 3B.
Meanwhile, adjusted EBITDA missed due to continued investment in quick commerce. Alibaba’s E-commerce group grew 16% yoy while Cloud accelerated to 34% yoy, both beating expectations.
“F2Q26 First Look: solid growth upon investment. Revenue totaled RMB 248B, up 5% y/y, beating consensus by RMB ~3B. Adj. EBITDA was RMB 17B, missing consensus expectation of RMB 19B primarily driven by quick commerce investment. Specifically, revenue growth of Alibaba China E-commerce Group grew 16% y/y, ahead of expectation, Cloud accelerated to 34% y/y, above expectations; International Digital Commerce up 10% y/y, all others down 25% y/y.”
Alibaba Group Holding Limited (NYSE:BABA) is an internet giant that offers e-commerce services in China and internationally.
7. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 121
Salesforce, Inc. (NYSE:CRM) is one of the 10 AI Stocks Making Headlines on Wall Street. On November 25, Cantor Fitzgerald reiterated its Overweight rating on the stock with a $325.00 price target. The rating affirmation follows discussions with Salesforce partners regarding current demand conditions.
According to the firm, three of the four partners reported meeting their third-quarter targets and that they are on track to achieve their financial goals. The fourth partner, who didn’t meet Q3 targets, cited specific circumstances which have been unrelated to the overall demand environment.
This partner, however, is now experiencing double-digit bookings growth for the fourth quarter. Besides the positive demand environment, partners also noted that they do not see any evidence that AI-related application disruptions are being materialized in actual business conditions.
Overall, the demand environment remains steady and partners aren’t losing any customers or deals to AI startups. While Agentforce’s adoption remains underwhelming thus far, Salesforce’s core value proposition remains relevant.
Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.
6. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 124
Oracle Corporation (NYSE:ORCL) is one of the 10 AI Stocks Making Headlines on Wall Street. On November 25, DA Davidson lowered its price target on the stock to $200.00 from $300.00 while maintaining a “Neutral” rating. The firm raised concerns on an inflated OpenAI-related backlog and rising credit risks, citing them as key overhangs on shares.
Analysts noted that their concerns rose as soon as they saw that Oracle’s backlog surge was almost entirely driven by OpenAI, despite Oracle initially implying multiple customers behind it.
“We were concerned about ORCL as soon as we realized OpenAI represented the entire increase in Oracle’s backlog, and that has indeed come back to bite ORCL, as shares are now trading at a lower price than before reporting earnings.”
A clearer picture regarding the backlog surge was revealed the next day of Oracle’s reported earnings on 9/9, raising red flags.
“The $300bn was by far OpenAI’s biggest commitment, and made Oracle seem like the winner of a bake-off. With more than a trillion dollars of commitments subsequent to this announcement, OpenAI made it clear it was not a serious counterpart and that Oracle was a pawn in the grand game of fake it ‘til you make it…”
Consequently, the firm is now tracking CDS’s, or rising credit default swaps, as rising costs imply that the market is growing uneasy about Oracle’s debt load tied to a customer whose demand may or may not fully materialize.
“It has been pointed out that Oracle would not have been able to report OpenAI in RPO without a contract, but we believe this misses the point that Sam Altman sees this as a win-win – either he needs $1.4 trillion of compute or he renegotiates on his terms since no-one wants OpenAI to fail.”
Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.
5. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 156
Broadcom Inc. (NASDAQ:AVGO) is one of the 10 AI Stocks Making Headlines on Wall Street. On November 25, Goldman Sachs reiterated the stock as “Buy” and raised its price target on the stock to $435 per share from $380.
With Broadcom set to post earnings Dec. 1, analyst James Schneider anticipates investor focus to be on FY26 AI revenue guidance, contributions from Google and OpenAI, and gross margins as custom XPU shipments scale.
“We believe expectations are elevated and investors are positioned positively heading into the quarter, given strong peer results (Nvidia), and positive datapoints from Google with its Gemini 3 release.”
Expectations for the quarter are quite high, with updated guidance likely to exceed the previous forecast of 100% yoy AI revenue growth.
“We expect sustained AI strength in 4Q, with 1Q guidance above the Street given robust spending at key customers — and we expect updated FY26 AI revenue guidance above 100% YoY”
Schneider anticipates AI revenue for fiscal year 2026 to come at $45.4 billion, an estimated year-over-year rise of 128%. This could reach $77.3 billion in 2027, increasing 70% year over year.
With Broadcom helping Google parent design its in-house specialized AI chips, investors are also going to be looking at Google and OpenAI contributions next year, in addition to Broadcom’s margin progression in 2026.
“We believe expectations are elevated heading into the quarter, and investors are positioned positively given strong peer results and positive datapoints related to key XPU customers, mostly notably Google following its latest Gemini 3 launch.
Given gross margin dilution from the custom XPU business, we expect focus on Broadcom’s margin progression in FY2026 as XPU revenue ramps (up over +160% YoY per our estimates).”
Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets.
4. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 219
Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 AI Stocks Making Headlines on Wall Street. On November 25, DA Davidson reiterated its Neutral rating on the stock with a $300.00 price target.
The firm has reaffirmed its stance following reports that Meta is considering the purchase of Google’s TPUs, but remains on the sidelines awaiting broader monetization clarity.
The Information has recently reported that Meta is currently in talks with Google to purchase its Tensor Processing Units (TPUs). These will be used to deploy in their own data centers.
The news report is just another indication about the growing demand for Google’s TPUs, particularly from frontier lab customers.
“Yesterday afternoon, it was reported by The Information that Meta (Luria; BUY) is in talks with Google to purchase TPUs and deploy in their own data centers outside of renting via Google Cloud. This is just one additional data point we’ve gotten over the past several months indicating that there is increasing demand for Google’s TPUs especially from frontier lab customers and that Google themselves are opening up to the idea of selling these systems externally. We maintain our NEUTRAL rating and $300 price target.”
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.
3. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Making Headlines on Wall Street. On November 25, Bank of America maintained a positive outlook on the stock, along with AMD and Broadcom, despite intensifying competition in the artificial intelligence chip market.
The reiterated buys follows reports that Meta (META) is considering using Google’s (GOOG) TPUs in addition to its existing Nvidia GPU supply.
“Late yesterday, media reports indicated the possibility of Google renting out the TPUs to Meta next year, potentially followed by on-premise deployments (with Meta and maybe others) in 2027. Neither company has made any official comments regarding any such transaction, but if true, it can intensify the competitive landscape for Meta’s current GPU suppliers NVDA and AMD.”
– Bank of America analyst Vivek Arya.
In response, Nvidia issued a statement contending that it is still the leader in the market.
“NVIDIA is a generation ahead of the industry — it’s the only platform that runs every AI model and does it everywhere computing is done. NVIDIA offers greater performance, versatility, and fungibility than ASICs, which are designed for specific AI frameworks or functions.”
According to Arya, Nvidia will still likely dominate the market, albeit at a 75% market share from the estimated 85% it currently holds.
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 294
Microsoft Corporation (NASDAQ:MSFT) is one of the 10 AI Stocks Making Headlines on Wall Street. On November 25, Bernstein SocGen Group reiterated an “Outperform” rating on the stock with a price target of $645.00. Analysts believe Microsoft is poised for long-term upside driven by robust Azure demand, AI platform strength, and monetization potential.
Microsoft holds significant demand strength for Azure, with analysts noting how the tech giant’s ability to convert this demand into revenue remains underappreciated due to data center capacity constraints.
Moreover, the company’s AI platform capabilities are differentiated, which is why Azure will be the platform of choice for both AI and non-AI workloads. Meanwhile, it noted how o365 Copilot, despite still being a work in progress, holds long-term potential.
“We believe that (1) the demand strength is extremely strong for Azure; (2) Microsoft’s ability to convert that demand into revenue is underappreciated and bounded only by datacenter capacity; (3) Microsoft’s AI platform capabilities are differentiated and create a major driver for why Azure will be the platform of choice for AI and non-AI workloads; (4) O365 Copilot, while still a work-in-progress, has what it takes to be successful; and (5) AI margins will be similar to non-AI margins.”
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 Headlines on Wall Street. On November 25, TD Cowen analyst John Blackledge reiterated a Buy rating on the stock with a $300.00 price target.
The firm is optimistic on the stock and believes it is well-positioned amid surging AI demand and cloud infrastructure growth. Blackledge noted how Amazon’s AWS revenue accelerated to 20.2% year-over-year growth in the third quarter of 2025, up from 17.5% in the second quarter.
Management also cited a $200B backlog which doesn’t include several unannounced deals from October. The firm also highlighted Amazon’s recent multi-year deal with OpenAI comprising a $38BN commitment for the AI startup to leverage AWS compute “including ‘hundreds of thousands’ of Nvidia GPUs and the potential to scale to ‘tens of millions’ of CPUs for agentic workloads.”
Moreover, AWS’s Trainium chips business have also reached a multi-billion dollar run rate, growing more than 150% quarter-over-quarter in the third quarter of 2025.
“Meanwhile, AWS’s Trainium chips business is now at a multibillion-dollar run rate and growing 150%+ q/q in 3Q25. We project AWS will reach $128.1BN in revenue in 2025, up 19.1% y/y, rising to $348.5BN in 2030 (a 22% CAGR). We forecast AWS operating income to rise to $45.9BN in 2025 and $117.8BN in 2030 (21% CAGR).”
Amazon.com Inc. (AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
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