10 Trending AI Stocks on Wall Street Right Now

7. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 84

Cisco Systems, Inc. (NASDAQ:CSCO) is an American technology company that provides information technology and networking services. On May 15, Wells Fargo upgraded the stock to “Overweight” from equal weight and also lifted its price target to $75 from $72. The firm said it sees “AI momentum” following the company’s earnings report on Wednesday. As the company exits its fiscal third quarter, the firm noted how it has already managed to surpass its $1 billion cumulative order target for the fiscal year. That said, it could continue to diversify into other AI opportunities, such as large-scale sovereign AI opportunities and traditional enterprise adoption in the long run.

“Upgrade CSCO to OW; $75 PT ; most notably driven by: 1. Accelerating AI momentum + diversification; $600M+ in new orders in F3Q25 vs. $350M in F2Q25, 2.LT Enterprise AI oppy via NVDA alignment.”