According to Reuters, UBS Global Wealth Management has upgraded its stance on global equities to “attractive,” driven by anticipated productivity gains from AI spending and a supportive policy backdrop.
“Structural trends remain firmly in place. The wave of strategic partnerships among leading AI players reinforces our confidence in a sustained capex cycle and greater revenue visibility.”
Recent weeks have witnessed a slew of major tech deals, including those from Big Tech and Silicon Valley startups. UBS believes that these are signs of a sustained capex cycle. Moreover, even though there are investor concerns about high valuations and growing bubble risks, UBS believes investors should allot more money to shares.
“We think investors should review current allocations to equities and ensure they are at least consistent with, or modestly higher than, their long-term strategic asset allocation targets. If investors are currently under allocated to equities, we believe they should reallocate excess cash, bond, or high yield credit holdings toward stocks.”
“We prefer areas that are exposed to secular growth, like the US, China, (particularly China’s tech sector, which we rate among the Most Attractive sectors globally), as well as global technology, transformational innovations (AI, Power and resources, and Longevity), and pockets with clear catalysts that could drive earnings upgrades (Japan and global banks).”
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. Bloom Energy Corporation (NYSE:BE)
Number of Hedge Fund Holders: 44
Bloom Energy Corporation (NYSE:BE) is one of the 10 AI Stocks Making Moves on Wall Street. On October 20, RBC Capital analyst Christopher Dendrinos raised the price target on the stock to $123.00 (from $75.00) while keeping an “Outperform” rating. The firm cited stronger confidence in Bloom’s long-term opportunity behind the price target raise.
RBC particularly discussed its behind-the-meter (BTM) datacenter market, which it believes is still in early development stages. Bloom’s strong revenue growth of 22.7% in the last twelve months also supports the firm’s optimistic outlook.
RBC Capital has also acknowledged the competitive dynamics in the sector Bloom operates in, but stated that Bloom’s recent partnership announcement with Brookfield is proof of the competitiveness of its solution.
“We increase our forecasts and PT reflecting stronger confidence in the LT opportunity. We believe the upside opportunity continues to skew favorably on a growing BTM datacenter opportunity that we believe is still in the early stages. We acknowledge the competitive dynamics, but point to the recent partnership announcement with Brookfield as another proof point for the competitiveness of BE’s solution. We believe shares are priced for an incremental capacity increase which we think is supported by a large and growing TAM opportunity. PT to $123 from $75 on estimate revisions and change to P/E based valuation multiple.”
Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers.
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 Making Moves on Wall Street. On October 16, Wells Fargo raised its price target on the stock to $1,140.00 from $1,105.00 while maintaining an “Overweight” rating. The price target raise follows ASML’s quarterly earnings beat and raised outlook.
According to the firm, ASML delivered a relatively clean Q3 print, with bookings that were largely in line and extreme ultraviolet (EUV) lithography system orders at their highest levels since Q4 2023.
The firm’s analyst Joseph Quatrochi shared that ASML plans to wait until January to provide guidance for 2026. Improved demand visibility and support for revenue growth exceeding low single digits are anticipated to be key drivers of the shares.
Wells Fargo has also slightly increased its estimates for ASML. It maintains a projection of an estimated 4% year-over-year revenue growth for 2026. Moreover, calendar year estimates are now €32.5 billion in revenue and €25.03 in earnings per share for 2025, €33.7 billion and €25.99 for 2026, and €37.9 billion and €31.42 for 2027.
ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.
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