US President Donald Trump has recently signed an executive order, aiming to block states from enforcing their own artificial intelligence (AI) regulations.
“We want to have one central source of approval.” Trump told reporters in the Oval Office.
The government aims to create a “single national framework” for AI instead.
“This is an executive order that orders aspects of your administration to take decisive action to ensure that AI can operate within a single national framework in this country, as opposed to being subject to state level regulation that could potentially cripple the industry.”
-White House aide Will Scharf said of the executive order in the Oval Office.
According to David Sacks, White House crypto and AI czar, the order would set the stage for a nationwide AI framework, developed in coordination with Congress.
“In the meantime, this EO gives your administration tools to push back on the most onerous and excessive state regulations,” Sacks said.
Sacks noted that the administration will not push back on state-level regulation around child safety and AI, and that the EO “does not mean the Administration will challenge every State AI law.”
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 Q3 2025.
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10. Rivian Automotive, Inc. (NASDAQ:RIVN)
Number of Hedge Fund Holders: 36
Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the 10 Buzzing AI Stocks on Wall Street. On December 15, Canaccord Genuity maintained its “Buy” rating on the stock with a $21.00 price target. The rating affirmation follows RIVN’s first Autonomy & AI Day, with analysts sharing upbeat takeaways driven by the company’s tech culture and long-term vision.
Canaccord Genuity attended the event at Rivian’s Palo Alto, California facility, which serves as the home for the company’s autonomy and technology teams. Thanking the team for hosting them, the firm noted how attendee anticipation was matched by Rivian’s “tangible excitement.” The team was very excited to showcase and explain their work.
The company made several announcements at the event, including a proprietary chip, RAP1, designed for “physical AI”; an evolved software architecture; a new AI assistant; and a road map for getting to “personal L4,” which are fully self-driving personally owned vehicles.
“Takeaways from Rivian’s 1st Autonomy & AI Day. On Thursday, we attended Rivian’s first Autonomy & AI Day (a webcast replay can be found here) at the company’s Palo Alto, California facility – home of Rivian’s autonomy and technology teams. Thank you to the team for hosting us! Attendee anticipation was met by Rivian’s tangible excitement, with team members eager to unveil and explain the manifestation of years of dedication. Kudos!”
Rivian Automotive, Inc. (NASDAQ:RIVN) is an automaker that creates and manufactures electric vehicles, as well as software and services.
9. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 66
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the 10 Buzzing AI Stocks on Wall Street. On December 15, Citizens maintained “Market Outperform” rating on the stock with a price target of $550.00. Analysts at the firm have defended CRWD’s premium valuation, citing its strong leadership position in the endpoint protection market.
The company currently trades at a calendar year 2026 estimated EV/revenue multiple of 21.5x and a CY26E EV/FCF multiple of 71.7x. Meanwhile, the firm’s $550 price target implies a “23.4x CY26E EV/revenue multiple, a premium to the mean multiple of 10.5x for our peer group and a 9% premium to the current stock price.”
“We believe the premium is justified based on CRWD’s strong leadership in the endpoint protection market and a growing total addressable market led by intelligent product development/acquisition choices within cloud security, next-gen SIEM, DSPM, and other critical categories within cybersecurity.”
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.
8. Accenture plc (NYSE:ACN)
Number of Hedge Fund Holders: 66
Accenture plc (NYSE:ACN) is one of the 10 Buzzing AI Stocks on Wall Street. On December 16, Morgan Stanley upgraded the stock from Equal weight to “Overweight” and raised its price target to $320.00 from $271.00. The firm believes that the stock is compelling at current levels.
Morgan Stanley noted that lower interest rates and more artificial intelligence clarity could support budget growth. Moreover, acquisitions may add additional upside for the stock.
“Upgrading ACN to OW as we see an attractive entry point at 18x FY27 EPS and forward revisions are likely going up. Lower interest rates and more AI clarity could support budget growth, with M & A adding upside.”
The firm forecast Accenture’s growth at 5% for fiscal year 2026 and 7% for fiscal year 2027, beating consensus estimates.
Accenture plc (NYSE:ACN) offers strategy and consulting services.
7. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders: 88
Adobe Inc. (NASDAQ:ADBE) is one of the 10 Buzzing AI Stocks on Wall Street. On December 15, KeyBanc analyst Jackson Ader downgraded the stock from Sector Weight to Underweight with a price target of $310.00.
The firm sees limited upside for the stock following robust Q4 results given muted stock reaction and Adobe’s weak positioning compared to peers.
According to the firm, the valuation discount is justified by “decelerating revenues, limited margin upside and AI competitive threats.” While the company has reported solid upside across key metrics, concerns were raised about its guidance.
“This downgrade is less about absolutes and more about the potential for share outperformance. The Company reported its 4Q25 last Wednesday and produced solid upside across the board, but the guidance on ARR called for flat net-new ARR in 2026, while EBIT margins were forecast to contract.”
The firm noted how the results were “as good of an outlook as investors could ask for at this juncture,” but the stock hardly “budged.”
“We are taking this as a signal that the competitive pressures we have been picking up from our survey work and channel work through the year will continue to weigh on shares and the multiple.”
Adobe Inc. (NASDAQ:ADBE) is a software company that provides digital marketing and media solutions.
6. MongoDB, Inc. (NASDAQ:MDB)
Number of Hedge Fund Holders: 89
MongoDB, Inc. (NASDAQ:MDB) is one of the 10 Buzzing AI Stocks on Wall Street. On December 15, Raymond James initiated coverage on the stock with a Market Perform rating, citing AI crossroads and intensifying database competition.
The firm believes MongoDB is a strategically important player, but it remains neutral due to a balanced growth-risk profile. It noted how the company is at “pivotal strategic crossroads” shaped by the rise of artificial intelligence and agentic applications.
These require flexible data infrastructure capable of “unifying operational, unstructured, and vector workloads.” Besides AI and agentic applications, the database landscape is also facing intense competition from Postgres, open-source ecosystems, and analytical platforms expanding into MongoDB’s territory.
Raymond James views MongoDB as a “strategically important database platform,” but believes that MongoDB’s investment case is becoming more balanced. In the future, the direction of the shares will depend on the company’s ability to:
“1) deliver sustainable 20%-plus growth with a Rule of 40-plus profile, 2) navigate a consumption-driven revenue model with limited near-term visibility and potential volatility from Atlas usage patterns or non-Atlas deal structures, and 3) maintain developer and enterprise mindshare amidst a growing field of well-funded, increasingly interoperable alternatives.”
MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide that integrates operational, unstructured, and AI-related data to streamline building applications.
5. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders: 104
ServiceNow, Inc. (NYSE:NOW) is one of the 10 Buzzing AI Stocks on Wall Street. On December 15, KeyBanc downgraded ServiceNow to Underweight, flagging disruption risks around artificial intelligence, valuation and growth momentum as the enterprise software sector heads into 2026.
While near-term strengths do exist for NOW, they are being outweighed by structural and competitive headwinds. The firm holds a $775 price target on the stock.
Analyst Jackson Ader noted in the firm’s Enterprise Software 2026 stock outlook that the “biggest change and the stock for which we expect to receive the most pushback is our downgrade of ServiceNow to Underweight,” which is “more than a narrative call.”
Ader highlighted “worrying trends in IT back-office employment data,” increasing the risk that the company becomes “at-risk-from-AI” in the coming quarters. While the company does offer AI products that could mitigate some of the headwinds, the firm is not much hopeful.
“ServiceNow’s own AI products include a hybrid monetization structure that should mitigate some of the headwinds that would come from seat-count pressure, but this has not kept other SaaS sub-sectors afloat when this narrative has come for them.”
Keybanc also believes that NOW’s position as an AI orchestration winner “may cede ground to Microsoft in 2026.” Meanwhile, government spending scrutiny as well as increased inorganic investment add to the uncertainty.
“Plus, other than Adobe, the rest of our enterprise coverage is accelerating, plus NOW is spending more inorganically than it ever has, plus valuation is not exorbitant but still a premium.”
ServiceNow, Inc. (NYSE:NOW) provides a platform that integrates workflows, data, and AI to coordinate how work flows across large organizations.
4. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 115
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Buzzing AI Stocks on Wall Street. On December 15, Piper Sandler reiterated an “Overweight” rating on the stock with a $280.00 price target.
The rating affirmation follows the firm’s pre-quiet period call with AMD, with analysts citing several key AI catalysts working in favor of the stock.
“AMD Gearing Up For Helios; We had the opportunity to host AMD’s pre-quiet period call last week. All in all, we walked away comfortable with the company’s near and midterm catalysts, as well as its position to execute on their key impending technical targets, such as the MI300 series ramp and technical traction for launch of the MI400 series.”
AMD elaborated that it is allocating a significant amount of resources toward the Helios rack, which is anticipated to launch in the middle of next year. Built on Meta’s OCP Open Rack for AI, the Helios rack is suited for massive AI and High-Performance Computing (HPC) workloads.
The firm’s research note also highlighted how the company is planning on having a diverse set of customers in addition to OpenAI. This, it believes, will bring a level of acceptance for AMD’s technology.
“That said, we believe it’s likely that a portion of new business will be a function of the OpenAI deal. Finally, AMD reiterated its focus on open standards across both networking and software. Reiterate OW.”
3. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 120
Tesla, Inc. (NASDAQ:TSLA) is one of the 10 Buzzing AI Stocks on Wall Street. On December 16, Mizuho reiterated the stock as “Outperform” and raised its price target to $530 from $475. The firm said it’s bullish on Tesla’s robotaxi efforts.
“TSLA – reiterate OP, raising PT to $530 from $475.”
The stock has been on the radar recently, particularly due to its robotaxi efforts. CEO Elon Musk tweeted earlier how Tesla has been testing robo-taxis without safety monitors in the car. This marks another step forward for the company towards services expansion across the U.S.
While the company’s robo-taxi service launched with safety monitors sitting in the front passenger seat, Musk hopes to remove the monitors by year’s end.
“We believe improvement in the Full Self-Driving [driver assistance technology] could support an accelerated expansion of the robotaxi fleet in Austin, San Francisco, and potentially earlier elimination of the chaperone.”
-Mizuho analyst Vijay Rakesh
The analyst looked at Alphabet’s Waymo to figure out how Tesla’s improvements can translate into more robo-taxi business. Waymo delivers 450,000 fully automated rides per week, and aims to reach 1 million trips per week by the end of 2026.
“Excitement continues to build for Tesla’s autonomous vehicle and Robotaxi narrative after at least partly achieving removal of safety monitors by year-end. Yet key questions remain on roll-out timing/scale.”
– Barclays analyst Dan Levy said on Monday.
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
2. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 122
Oracle Corporation (NYSE:ORCL) is one of the 10 Buzzing AI Stocks on Wall Street. On December 15, Evercore ISI reiterated an “Outperform” rating on the stock with a $275 price target. The firm is confident in Oracle’s long-term OCI growth post-quarterly results, highlighting $76B cloud revenue potential and lease math supporting OCI ramp.
Citing Oracle’s earnings call, Evercore ISI noted that the company doesn’t need to start paying for the leases until the data center is delivered to the company. This will spread the seemingly large figure over the course of 15-19 years.
Assuming an average length of 17 years, it said that the annual cost works out to be an estimated $14.5B, or $1.2B per month. This level of spending will get an estimated 7.6GW of DC power.
The firm went a step further to work out annualized revenues, which it believes will be around $76B if each megawatt can support $10M of annual GPU cloud revenue.
Evercore ISI highlighted two key takeaways from these calculations.
“1) The above math would equate to leases being about 18% of the total cost to support the cloud revenue, which is largely in line with Oracle’s comments at the analyst day; and 2) The above revenue assumptions indicate that Oracle already has commitments to support 65% of the revenue ramp through FY29 (~$116bn in total OCI).”
Discussing reports about the delay in the Michigan site, the firm further noted that Oracle builds delivery buffers in its plans and that the largest ramp in the OpenAI deal is from FY27 to FY28.
“We believe a pushout to FY28 in delivery would not change the OCI revenue ramp dramatically. But clearly not a great headline given the recent price action.”
Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.
1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 234
NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Buzzing AI Stocks on Wall Street. On December 15, Bernstein SocGen Group reiterated an “Outperform” rating on the stock with a $275.00 price target. Analysts at the firm are confident in Nvidia’s AI leadership long-term, even though the company is currently facing China export license delays for the H200.
“Takeaways from an investor meeting with IR: NVIDIA is still awaiting licenses to ship H200 products into China from the U.S. government (at this point all they have is Trump’s tweet/truth…).”
The firm noted that once Nvidia receives these licenses, it will begin to assess demand requests and begin manufacturing. While it does already have some H200 related inventory, it doesn’t have all the required components. Moreover, it is also currently working with suppliers and manufacturers to assess production timelines.
Bernstein highlighted how Nvidia hasn’t even received the official paperwork surrounding the 25% governmental revenue share, which is why they are uncertain about how this will all be accounted for in financial reporting.
While the company believes it is at least 2 years ahead of Google’s TPU program, it does acknowledge the strides Google has made in its 10 years journey.
“As the AI landscape continues to move rapidly (e.g. from CNN to transformer models to whatever comes next), they believe it will be difficult for Google to convince CSPs to deploy TPUs as they are optimized for specific model structures (we shall see, clearly there is some deployment i.e. Anthropic at least). But they believe NVIDIA’s programmable platform solutions remain the best hardware for cloud AI infrastructure.”
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.
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