In the latest turn of events, China has revealed that it will roll out its homegrown “next generation” soon. The claim has been made by Chinese artificial intelligence startup DeepSeek, the very startup that shook the tech world with its efficient and cheap AI model known as the R1.
DeepSeek reportedly made the comment under a post on its official WeChat account, revealing that the“UE8M0 FP8” precision format of its newly released model V3.1 is personalized for the next-generation domestically built chips soon to be launched.
The FP8, or 8-bit floating point, is a data processing format that can enhance the computational efficiency for training and inference of large deep learning models. DeepSeek’s efforts comes amid China’s push towards self-sufficiency and Washington’s advanced semiconductor export restrictions.
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. Fortinet, Inc. (NASDAQ:FTNT)
Number of Hedge Fund Holders: 46
Fortinet, Inc. (NASDAQ:FTNT) is one of the 10 Trending AI Stocks on Wall Street. On August 20, the company announced that Tepper Sports & Entertainment (TSE) has deployed Fortinet’s Unified SASE and other Security Fabric solutions across its facilities to fortify cybersecurity, simplify operations, and enable secure access for all its users. TSE owns and operates the NFL’s Carolina Panthers, MLS’s Charlotte FC, and the Bank of America Stadium.
TSE has selected Fortinet as it wanted a security solution that is easy to manage and came without vendor complexity. Indeed, Fortinet is offering reliable protection and optimized performance across the entire TSE network, including critical facilities, key technology investments, and staff.
The deployment includes Fortinet Unified SASE, including FortiSASE for seamless secure access, Fortinet SecOps, including FortiAnalyzer to power faster, smarter operations, FortiGuard AI-powered Security Services, and Fortinet Secure Networking for AI-powered threat protection and automation-driven network management.
“Organizations like Tepper Sports & Entertainment are modernizing their infrastructure to meet rising security demands without adding operational overhead. By leveraging Fortinet Unified SASE and FortiGuard AI-powered Security Services, TSE can protect users and data everywhere, from stadiums to remote locations, while simplifying management for a lean IT team. That’s the power of an integrated, AI-driven cybersecurity platform.”
-Jaime Romero, Executive Vice President, Marketing at Fortinet.
Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity company, provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products.
9. Workday, Inc. (NASDAQ:WDAY)
Number of Hedge Fund Holders: 76
Workday, Inc. (NASDAQ:WDAY) is one of the 10 Trending AI Stocks on Wall Street. On August 22, RBC Capital analyst Rishi Jaluria reiterated an Outperform rating on the stock with a $340.00 price target following the company’s modest Q2 beat.
Even though the company reported a modest beat, it only reiterated subscription revenue guidance (excluding Paradox), which led to shares falling down after hours.
Nevertheless, the firm is encouraged by early artificial intelligence adoption tends and the momentum with partner network.
“Modest Top-line Beat; Mixed Guide; Workday reported a modest Q2 beat but only reiterated subscription revenue guidance (ex-Paradox), leading shares down ~4% after-hours. Q1 outperformance was roughly in-line w/ recent trends and largely driven by modest subscription revenue outperformance. cRPO topped street estimates for the third consecutive quarter, showing signs of stabilization. Management walked up FY26 operating margin guidance by 50 bps, calling for 310 bps YoY expansion. Finally, we remain encouraged by early AI adoption trends and momentum with the partner network.”
Workday, Inc. (NASDAQ:WDAY) provides enterprise cloud applications.
