The Trump administration has recently revealed its AI action plan, a bundle of initiatives and policy recommendations designed to position the United States as a leader in technology.
“From this day forward, it’ll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence.”
-Trump said Wednesday at an AI event.
According to the plan, there are going to be three pillars: accelerating innovation, building out AI infrastructure in the United States, and making American hardware and software the “standard” platform for AI innovations built around the world.
The 28-page plan published by the White House also stipulates that large language models procured by the federal government are “objective and free from top-down ideological bias.”
“It’s a global competition now to lead in artificial intelligence. AI is a revolutionary technology that’s going to have profound ramifications for both the economy and for national security, so it is just very important that America continue to be the dominant power in AI.”
– White House AI Czar David Sacks on a conference call with reporters.
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.
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10. Hewlett Packard Enterprise Company (NYSE:HPE)
Number of Hedge Fund Holders: 45
Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the 10 AI Stocks Making Waves on Wall Street. On July 23, Goldman Sachs analyst Michael Ng reinstated coverage on the stock with a “Neutral” rating and a price target of $22. The rating follows HPE’s acquisition of Juniper Networks.
According to the firm, HPE’s now expanded portfolio has allowed it to sustain its position as second-best in enterprise/campus networking while becoming a stronger competitor in the data center segment.
Even though the firm maintains a positive outlook toward the company’s networking business, it maintains a Neutral stance on the stock due to ongoing challenges in the Server and Hybrid Cloud divisions.
The bank anticipates HPE’s earnings per share at $1.80 for fiscal 2025, $2.23 for fiscal 2026, and $2.42 for fiscal 2027.
Hewlett Packard Enterprise Company (NYSE:HPE), an American multinational technology company, provides high-performance computing systems, AI software, and data storage solutions for running complex AI workloads.
9. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders: 57
International Business Machines Corporation (NYSE:IBM) is one of the 10 AI Stocks Making Waves on Wall Street. On July 24, Bank of America reiterated the stock as “Buy” and lowered the firm’s price target on IBM (IBM) to $310 from $320 following a “mixed quarter.”
The bank said that IBM is well-positioned for growth following its most recent financial report. The company reported adjusted earnings per share of $2.80 for the quarter, beating the LSEG estimate of $2.64. Meanwhile, revenue came in at $16.98 billion, ahead of the expected $16.59 billion.
“IBM reported a mixed quarter, where organic software deceleration was offset by strong contribution from better-than-expected Infrastructure results and higher M & A contribution.”
The firm believes that post earnings, IBM has turned into a show me story on software in the second half of the year, but that the firm remains bullish on the overall company trajectory. The analysts further stated that they believe estimates will move higher this year and next year, “with increasing contribution from high-margin software.”
International Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products.
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