In this article, we will discuss the 10 AI Stocks on Wall Street’s Radar.
On June 25, Mark Zandi, Moody’s Analytics Chief Economist, joined CNBC’s ‘Squawk on the Street’ to discuss the latest inflation data and whether AI is having an impact on inflation. Zandi talked about the current inflationary outlook and suggested that the recent peak of over 4% on the top-line inflation metric has likely passed as oil and gasoline prices have declined. However, he emphasized that the road back to the Fed’s 2% target will be a long and difficult process. He noted that even if economic trends follow the current script, the economy may still not reach the Fed’s target a year from now. He highlighted that persistent inflationary pressures remain, citing as an example Apple’s decision to raise prices on the iPhone, which reflects the high demand for chips, a component that impacts the costs of goods across the entire economy.
Addressing the role of AI, Zandi explained that AI is currently juicing up inflation. He pointed to the rising costs for chips, which are integrated into nearly all consumer products, as well as the increase in electricity prices, which can also be traced back to the energy demands of AI infrastructure. Because these pressures are not expected to dissipate soon, Zandi identified the AI boom as a key reason why inflation will remain above the Fed’s target for quite some time, even as it moderates.
When asked about the potential for AI-driven deflation resulting from productivity gains, Zandi noted that such improvements have yet to appear in the data. He pointed out that underlying productivity growth remains at approximately 2%, which is consistent with the average since World War II, making it difficult to currently connect the dots to any AI-driven improvements. While he expects productivity gains to materialize eventually, he anticipates the process will be slow. He argued that AI will not fully diffuse through the economy until new businesses are formed that are optimized for the technology, noting that legacy companies often struggle to successfully adopt and integrate AI. Ultimately, Zandi compared the diffusion of AI to the adoption of the internet in the 1990s and early 2000s, characterizing it as a long-term process that will likely unfold over the next decade.
Our Methodology
For this article, we selected AI stocks by going through news articles, stock analyses, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q1 2026.
Note: All data was sourced on June 29.
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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 AI Stocks on Wall Street’s Radar
10. Cerebras Systems Inc. (NASDAQ:CBRS)
Number of Hedge Fund Holders: N/A
Cerebras Systems Inc. (NASDAQ:CBRS) is one of the AI stocks on Wall Street’s radar. On June 24, Cerebras reported strong FQ1 2026 financial results, posting GAAP revenue of $193.4 million and core revenue of $191.3 million, a 92% increase year-over-year. The company recently completed the largest semiconductor IPO in history, raising $6.4 billion in gross proceeds. This follows significant capital influxes, including a $1 billion Series H financing and a $1 billion loan from OpenAI earlier this year.
Strategic growth is driven by major new partnerships, most notably a multi-year deal with OpenAI valued at over $20 billion to deploy 750 megawatts of high-speed inference compute. Additionally, Cerebras launched a partnership with AWS to provide fast inference at scale, using a disaggregated strategy that pairs AWS’s Trainium 3 chips for prefill with Cerebras’ CS-3 systems for rapid decoding.
The company continues to advance its technology through the introduction of the Codex-Spark model and trials for models like Kimi K2.6 and Gemma 4, which show record-breaking token generation speeds. Cerebras Systems Inc. (NASDAQ:CBRS) now projects full-year 2026 core revenue to reach between $855 million and $865 million, representing a 69% year-over-year increase at the midpoint.
Cerebras Systems Inc. (NASDAQ:CBRS) designs and manufactures wafer-scale processors and AI supercomputers engineered to accelerate both training and inference workloads for AI applications across enterprise and research environments.
