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.
8. Arista Networks Inc (NYSE:ANET)
Number of Hedge Fund Holders: 81
Arista Networks Inc (NYSE:ANET) is one of the 10 AI Stocks Making Moves on Wall Street. On October 20, Evercore ISI analyst Amit Daryanani reiterated an Outperform rating on the stock with a $175.00 price target. The firm has added the company to its TAP OP list ahead of third-quarter earnings.
The firm believes that ANET is poised to deliver another beat-and-raise quarter. There is a potential for modest upside as compared to current consensus estimates of $2.26 billion in revenue and $0.71 in earnings per share.
It also anticipates the management to modestly raise its FY25 revenue guidance of $8.75B (~25% y/y) as well as reiterate FY26 targets of ~$10.5B in revenue (~20% y/y) with gross and operating margin ranges of 62–64% and 43–45%.
Evercore ISI also discussed multiple growth drivers for Arista.
“ANET continues to see multiple levers of growth not just through H2:25 but also into CY26/27 – front-end cloud demand, back-end ramps with both new and existing hyperscale and neocloud customers and steady momentum in enterprise/campus markets. Arista is seeing deployments of its co-developed scheduled fabric with Meta, while diversification efforts across cloud customers should support back-end demand. The neocloud opportunity spans both hardware and software, and stronger trends with Broadcom and Oracle further support the growth outlook. Critical to watch is the sustained momentum in their product deferred line as the historical triple digit growth here should give investors conviction on durability of growth over the next 2–3 years. Look for back-end ramps at Meta and OCI sustaining, while MSFT will likely ramp in CY26 (along with other customers). Net/net: Maintain TOP PICK and $175 Target Price.”
Arista Networks Inc (NYSE:ANET) develops, markets, and sells cloud networking solutions.
7. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 82
Intel Corporation (NASDAQ:INTC) is one of the 10 AI Stocks Making Moves on Wall Street. On October 20, KeyBanc analyst John Vinh reiterated a Sector Weight rating on the stock with a $35.00 price target. The rating comes ahead of the company’s upcoming quarterly results scheduled for October 23.
According to the firm, Intel is poised to report better third-quarter results and also provide higher fourth-quarter guidance. This is driven by broad-based server strength and customer upgrades to its Granite Rapids processors.
The firm’s monthly cloud instance tracker has further shown that Granite Rapids is meaningfully ramping public cloud deployments in recent months. Server demand is likely to continue strengthening into the second half of 2025 despite first-half tariff-related pull-ins.
“For INTC, we anticipate better 3Q results and higher 4Q guidance. We expect INTC to benefit from broad-based server strength and customer upgrades to Granite Rapids, which has shown a meaningful ramp of public cloud deployments in recent months based on our monthly cloud instance tracker. Our view is that server demand continues to strengthen into 2H despite 1H tariff-related pull ins, with traditional server upgrades being driven by the introduction of latest-generation server CPUs, including INTC’s Granite Rapids and AMD’s Turin. For 2025, we estimate total server shipments to be +4% y/y. Regarding foundry, we believe manufacturing yields for Intel 18A have stalled out at 50-55%, likely to delay a volume ramp of Panther Lake until 2Q26.”
Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer products and technologies, delivering data storage, computer, networking, and communications platforms.
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 AI Stocks Making Moves on Wall Street. On October 20, Bernstein SocGen Group reiterated its Market Perform rating on the stock with a $200 price target. The rating affirmation follows AMD’s strategic move with OpenAI, where it will supply billions of dollars’ worth of GPUs to the ChatGPT owner.
The firm has acknowledged how AMD’s move to give up 10% equity “for the privilege of selling to Sam Altman” was unexpected, but the decision seems understandable as AMD has to be “on the OpenAI rocket ship or get left in the dust.”
Bernstein is also a little cautious about how smooth AMD’s ramp-up will be and whether the market might be “overly-optimistic” about the pace into 2027. However, it believes that the near-term outlook appears solid.
“Has AMD found their grail? Investors certainly seem to think so. And while we did not have the company giving up 10% of their equity for the privilege of selling to Sam Altman on our bingo card, we understand it (AMD has to be on the OpenAI rocket ship or get left in the dust, and so Lisa Su bought her ticket). It clearly remains to be seen how smoothly the ramp will go, whether other customers come in on size (and whether some recent announcements are even incremental), and we worry somewhat that the Street may be getting overly-optimistic as to the pace into 2027. But for now the set-up into the print as a result admittedly looks solid; core markets (PCs, servers) are looking better in the near term, they continue to take oodles of share, and as the OpenAI ramp doesn’t even start for a year a tremendous amount of pressure has probably been removed from any nearer-term AI expectations (i.e. what if they were to miss AI for Q4? Who would care?) with the forthcoming analyst day providing another chance to build up the audience. We remain on the sidelines, but believe this one could work for now. MP; $200 PT.”
Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.
5. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 115
Tesla, Inc. (NASDAQ:TSLA) is one of the 10 AI Stocks Making Moves on Wall Street. On October 20, Wedbush reiterated the stock as “Outperform” with a $600 price target. The firm said it’s sticking with Tesla ahead of earnings later this week.
“This Wednesday after the bell Tesla will report its FY3Q25 earnings with incremental positivity around this quarter’s results with the deliveries beat led by some pull-forward EV demand (US tax credit ending) and a relative bounce back in China sales.”
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
4. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 121
Salesforce, Inc. (NYSE:CRM) is one of the 10 AI Stocks Making Moves on Wall Street. On October 16, Cantor Fitzgerald analyst Matthew VanVliet reiterated an Overweight rating on the stock with a $325.00 price target. The rating affirmation follows ambitious growth targets outlined by the company during its Investor Day presentation at Dreamforce 2025.
Cantor highlighted Salesforce’s approach as “the AI orchestration layer for the enterprise,” discussing the launch of Agentforce 360, which is similar to an integration point for enterprise data, agents, assistants, and workflow automation.
The company’s platform architecture expansion through Data 360 will help sustain value within the company’s ecosystem. This is supported by expanded partnerships with OpenAI and Anthropic, as well as Zero Copy integrations with 108 partners.
The firm is also very confident in Salesforce’s management strategy and its ability to “win the AI-era just like it did the SaaS-era.” This supports their projection that Salesforce can achieve over 10% organic revenue compound annual growth rate through fiscal year 2030 alongside operating profit margin improvements.
“Management set ambitious growth targets to reach $60b of revenue in FY30, or a ~10% organic CAGR. This compares to 8.8% guidance for FY26. Key drivers include continued multi-cloud penetration, particularly Data 360, Agentforce adoption and monetization, and pricing & packaging.”
– Cantor analysts Matthew VanVliet and Mason Marion in an investor note.
Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.
3. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 156
Apple Inc. (NASDAQ:AAPL) is one of the 10 AI Stocks Making Moves on Wall Street. On October 20, Loop Capital upgraded the stock to “Buy” from Hold and raised its price target to $315 from $226 per share. The firm cited stronger-than-expected demand for the iPhone 17 and a multi-year growth cycle extending through 2027 behind the rating upgrade.
Loop Capital noted that “we are NOW at the front end of AAPL’s long-anticipated adoption cycle that suggests ongoing iPhone shipment expansion through CY2027.”
It now anticipates “three consecutive record iPhone shipment years (CY2025–CY2027),” projecting 238 million units in 2025, 250 million in 2026, and more than 260 million in 2027.
Moreover, while “there is still more iPhone unit (and ASP) upside to Street than is understood,” average selling prices remain “materially higher than Street” estimates.
“We’re upgrading AAPL to Buy (from Hold) and raising our PT to $315 (from $226). The work of Loop Capital Supply Chain Analyst John Donovan (Surging Demand for iPhone 17 Propelling AAPL to New Heights) suggests that we are NOW at the front end of AAPL’s long-anticipated adoption cycle that suggests ongoing iPhone shipment expansion through CY2027 (AAPL’s iPhone 20 Anniversary Phone… there is no iPhone 19, FYI) which comes as a combination of refresh cycle and demand catalyzed by new design cycles. Our $315 PT is 32x our CY2027 EPS of $9.65, which is what folks will be looking at 12 months from now.”
The tech giant is planning to roll out iPhones with differentiated designs, including lighter and foldable devices. These rollouts will likely lead to an increased demand for its flagship products.
Apple will also likely be releasing its first purpose-built “AI Phone,” which the firm believes is going to be another innovative product release from the company.
If this ends up being the case, then this would ultimately qualify as the third consecutive year of design innovation,” the firm said.
Apple is a technology company known for its consumer electronics, software, and services.
2. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 219
Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 AI Stocks Making Moves on Wall Street. On October 16, Scotiabank raised its price target on the stock to $310.00 from $240.00 on Thursday, while maintaining a Sector Outperform rating. The price target raise comes ahead of Alphabet’s Q3 results, set to report on October 29.
Analyst Nat Schindler anticipates Alphabet to deliver the strongest Q3 results among the Internet companies in his coverage. This growth is supported by robust growth in Google Cloud Platform (GCP) and margin expansion.
According to the firm, Alphabet is experiencing a “clear recovery” in its core advertising business, with ad growth returning to double digits. Two factors attributed to this recovery are easier comparisons and a “genuine” increase in advertiser spending.
Even though the company’s push into Shorts caused it monetization challenges for some time, ad monetization for Shorts is now leveling to the same level as traditional YouTube videos on a per-hour basis. This implies that YouTube has managed to monetize billions of views on Shorts through its AI-driven marketing.
Schindler also discussed how the new Ironwood TPU (3nm) chip has shown solid improvements over TPU v5p. These improvements will help narrow the efficiency gap with Nvidia’s (NVDA) chips.
Even though expectations are “sky-high” for Google Cloud Platform, he believes growth and margins can easily hit investor expectations.
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.
1. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Investors: 260
Meta Platforms, Inc. (NASDAQ:META) is one of the 10 AI Stocks Making Moves on Wall Street. On October 16, Cantor Fitzgerald maintained its Overweight rating on the stock with a price target of $920.00. The rating affirmation comes ahead of an anticipated sentimental shift for Google’s 2026 ad recovery.
The firm compared current investor sentiment towards Meta to the concerns that surrounded Alphabet back in 2024 ongoing fears of disruption risks to search.
During this time in 2024, Alphabet shares underperformed both Meta and Amazon by 19 percentage points. However, the firm has since experienced a sharp sentiment improvement with the launch of Gemini 2.5 and the success of the Gemini app and AI overviews.
The firm believes that Meta is likely to experience a similar turnaround in 2026 and that current market concerns will eventually pave the way for renewed investor optimism. Overall, improving AI execution is anticipated to counter bearish views with strong upside potential.
READ NEXT: 10 AI Stocks in the Spotlight Today and 10 AI Stocks Analysts Are Tracking Closely.
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