The Wall Street Journal has recently revealed OpenAI to be the mystery customer for Oracle’s colossal AI-computing deal—a predictable surprise.
The disclosure puts to rest the chatter going on the several billion-dollar contracts that Oracle won in its latest quarter without disclosing the clients behind them.
According to the report, OpenAI has signed a contract to purchase $300 billion in computing power over five years from Oracle. The contract is amongst the biggest in history, the Wall Street Journal reported.
“We believe ORCL has durable AI demand, helped by OpenAI, which should drive growth acceleration through FY28, and we are introducing our FY28 estimates ahead of the Oct Analyst event.”
-BMO Capital
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. SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 18
SoundHound AI, Inc. (NASDAQ:SOUN) is one of the 10 AI Stocks on Wall Street’s Radar. On September 11, Oppenheimer analyst Brian Schwartz initiated coverage on the stock with a Perform rating. According to the firm, SoundHound holds the potential to be a durable growth compounder backed by its robust conversational AI technology platform.
The company is a “technology advantage in the Voice AI market, a compelling value proposition, an enviable backlog-to-revenue ratio, and is well run.”
“We launch coverage on SOUN, a purpose-built conversational AI software company, with a Perform rating. In our view, SOUN has potential to be a durable growth compounder. The company has a strong conversational AI technology platform that’s supported by referenceable customers who view it as a leader in speech-to-meaning capabilities, data sciences, unstructured analytics, and technology vision.”
Nevertheless, the firm is concerned regarding potential newer competitive threats and that the “pace of penetrating existing and new verticals may not match the bullish expectations reflected in the sales multiple of 26x our 2026 EV/revenue estimate.”
SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses.
9. HP Inc. (NYSE:HPQ)
Number of Hedge Fund Holders: 51
HP Inc. (NYSE:HPQ) is one of the 10 AI Stocks on Wall Street’s Radar. On September 10, Evercore ISI analyst Amit Daryanani downgraded the stock from Outperform to “In Line” with a price target of $29.00 stating that they don’t see further upside ahead.
The firm noted that for earnings or cash flow to grow meaningfully, stronger trends would be needed which aren’t visible right now due to several cross currents.
The PC market is anticipated to sustain growth, while printing may experience a low single-digits decline. The company has largely offset tariffs through its supply chain efforts and cost cutting. Nearly all North America products are made outside of China.
It also said that the company’s recent PC strength may be temporary, largely driven by customers who are buying ahead of anticipated tariffs. This could create risks for demand estimates in 2026. Other challenges highlighted by the firm were headwinds in the company’s printing division and increased competition from Dell.
“We are adjusting our rating to In Line (from OP) and maintaining our target of $29. Our downgrade reflects the fact that the stock is trading around our price target of $29 and for us to see further upside we need to see a clear path to EPS/FCF numbers moving higher, but that is unlikely to happen in the near-term given a host of cross currents, in our view. HP expects sustained growth in the PC market with the TAM expected to be up mid-single digits with the Win 11 upgrade cycle continuing to drive industry growth into FY26 as well. For Printing, the market should decline low single-digits. From a tariff mitigation perspective, HPQ indicated that they were able to mitigate the majority of cost via supply chain efforts, cost reduction, and pricing; in addition, nearly all North America bound products are now manufactured outside of China. The risk we see for HP could be that much of the strength, especially in PCs, is from pull-ins due to tariff worries and that could create some risk to estimates in FY26, especially in H1. At the same time the headwinds on print side (especially office) remain, and we could see DELL get more aggressive on the PC side given a renewed focus on DELL’s end to stabilize share. We note Street is modeling FY26 sales growth of +1.6% to $55.97B and EPS of $3.36. Net/Net: Shifting to an In Line rating but maintaining our $29 target.”
HP Inc. (NYSE:HPQ) is a technology company that specializes in personal computing and printing solutions.
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