10 AI Stocks Making Waves on Wall Street

Page 1 of 9

According to Morgan Stanley, 60% of CIOs anticipate having generative AI workloads in production by end-2025. Their top priorities are going to be employee productivity, labor savings and customer-facing tools.

With artificial intelligence adoption aggressively accelerating across industries, companies are keen on leveraging it for functions such as fraud detection, predictive maintenance, autonomous robotics, virtual assistants, and more.

Keeping this in mind, Morgan Stanley screened its coverage universe to create five ways of finding good AI-related investments. These companies include those who flaunt AI at their core, have improving AI relevance, high pricing power, undervaluation in options market, or high-quality large cap characteristics.

The names include Nvidia, Microsoft, Apple, Amazon, Meta, Alphabet, Shopify, Walmart, UnitedHealth, and BlackRock.

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 Q1 2025.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points  (see more details here).

10 AI Stocks Making Waves on Wall Street

elwynn/Shutterstock.com

10. SoundHound AI, Inc. (NASDAQ:SOUN)

Number of Hedge Fund Holders: 18

SoundHound AI, Inc. (NASDAQ:SOUN) is one of the 10 AI Stocks Making Waves on Wall Street.  On July 31st, SoundHound AI and Acrelec, a leader in quick service restaurant (QSR) technology, announced a strategic partnership to bring advanced, voice-enabled drive-thru systems to restaurants worldwide.

SoundHound’s Dynamic Drive-Thru voice AI technology will work alongside Acrelec’s content management system and digital signage enclosures to deliver complete next-generation drive-thru ecosystems.

Customers will be able to use the integrated solution to place orders seamlessly by means of an automated voice assistant. The assistant will process requests and send them directly to the point-of-sale system.

This partnership between SoundHound AI and Acrelec aims to offer customers with greater speed and convenience while enabling labor optimization so that employees can focus on restaurant operations while being available when needed.

“As restaurants continue to turn to AI to meet rising customer expectations and alleviate staffing pressures, we’re excited to partner with Acrelec to deliver impactful AI solutions at scale. Together, we’re helping brands modernize the drive-thru and deliver seamless, future-ready experiences.”

-Michael Lauricella, VP of Channel Partnerships at SoundHound AI.

SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses.

9. CoreWeave, Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holders: 36

CoreWeave, Inc. (NASDAQ:CRWV) is one of the 10 AI Stocks Making Waves on Wall Street. On July 31, Citi upgraded the stock to Buy from Neutral, citing Microsoft’s robust earnings report.

Analysts led by Tyler Radke upgraded the stock to Buy/High-Risk and also removed its 90-day downside catalyst watch on the company.

“We are upgrading CRWV to Buy/High-Risk and removing our 90-day downside catalyst watch with shares down -45% from the peak and -32% since the M & A announcement. Though we still expect some trading volatility into the lockup expiry starting on August 15th, we come away with a much stronger fundamental view on the demand picture highlighted by MSFT…”

CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.

Page 1 of 9