In a bold move that highlights just how transformative artificial intelligence is becoming, Amazon CEO Andy Jassy recently warned employees that the company’s growing reliance on AI will likely lead to a smaller corporate workforce in the coming years. In an internal memo, Jassy explained that generative AI is driving major efficiency gains across Amazon’s operations—from customer service to logistics—fundamentally reshaping how the tech giant functions.

This candid acknowledgment from one of the world’s most influential CEOs isn’t just a signal of internal change—it’s a powerful indicator of where the market is headed. As AI becomes embedded in the core of major corporations, investor interest in AI-driven innovation is surging. Companies that develop, deploy, or enable cutting-edge AI technologies are increasingly seen as the next wave of market leaders.

If a global powerhouse is already betting its future on AI, it raises a crucial question: which AI-focused companies are poised to benefit most from this technological revolution? From chipmakers to software innovators, the right investments today could lead to substantial gains tomorrow. Here are 10 AI stocks that will skyrocket as AI reshapes the global economy.

Our Methodology

To compile the list of AI stocks that will skyrocket, we reviewed AI ETFs to compile a preliminary list of stocks and then selected the ones with the highest upside potential based on Wall Street analysts’ average price targets. We have also mentioned the hedge fund sentiment around each stock, as of Q1 2025.

Note: All data was recorded on June 23, 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 That Will Skyrocket

10. Marvell Technology, Inc. (NASDAQ:MRVL)

Upside Potential: 30.01%

Number of Hedge Fund Holders: 73

Marvell Technology, Inc. (NASDAQ:MRVL) is one of 10 AI stocks that will skyrocket. Marvell Technology, Inc. (NASDAQ:MRVL) received a price target increase from Cantor Fitzgerald on June 18, with the firm raising its estimate to $75 from $60. Despite the upward revision, Cantor maintained a Neutral rating on the semiconductor stock. In a research note, Cantor acknowledged that Marvell’s expanding total addressable market aligns with ongoing momentum in the data center space. Analysts called the company’s recent commentary “an overall positive step forward” in understanding its long-term growth trajectory.

However, the note expressed disappointment over the limited updates on ramp progress with cloud giants Amazon and Microsoft. Cantor cited lingering investor concerns over a potential slowdown extending into mid-2026. The firm did note encouraging signs from Marvell’s engagement with a new hyperscale customer but emphasized that visibility into the financial impact remains limited. Without concrete figures, estimating earnings contributions through 2028 remains a challenge, analysts said.

Cantor also questioned Marvell Technology, Inc. (NASDAQ:MRVL)’s goal to reach 20% market share in the data center segment. Analysts suggested that growth in custom silicon is likely to remain concentrated among hyperscalers with large language model deployments, a scenario seen as favorable to Broadcom. The revised $75 price target is based on a valuation of approximately 20 times Cantor’s projected 2026 earnings per share estimate of $3.60, which the firm described as a more fitting multiple for Marvell’s outlook.

9. Nice Ltd (NASDAQ:NICE)

Upside Potential: 30.05%

Number of Hedge Fund Holders: 23

NICE Ltd. (NASDAQ:NICE) is one of 10 AI stocks that will skyrocket. DA Davidson raised its price target on NICE Ltd. (NASDAQ:NICE) to $195 from $185 while maintaining a Buy rating, following the company’s Interactions 2025 event and recent partnership updates. The firm highlighted NICE’s strengthened collaborations with Amazon Web Services and Snowflake, which aim to accelerate the use of artificial intelligence in customer experience (CX) applications.

The research note emphasized that these strategic alliances could significantly enhance NICE’s ability to deliver scalable, AI-powered solutions to enterprise clients. DA Davidson believes the partnerships with AWS and Snowflake position NICE favorably as more organizations look to modernize CX platforms with real-time data and machine learning tools. Following the event and new business developments, the firm raised its earnings estimates. It now forecasts fiscal year 2025 earnings per share of $12.40, up $0.06 from its prior view. The fiscal 2026 forecast was also increased by $0.56 to $13.27, reflecting expectations of growing contributions from recent enterprise deals and limited macroeconomic pressures.

DA Davidson noted that NICE Ltd. (NASDAQ:NICE) continues to show solid execution in expanding its AI product offerings and enterprise footprint. The raised price target and revised earnings outlook reflect greater confidence in the company’s growth trajectory and its ability to capitalize on rising demand for intelligent CX solutions.