According to Nvdia CEO Jensen Huang, the demand for AI computing has grown substantially as artificial intelligence models become more advanced and redefine how enterprises and societies at large interact with technology.
“This year, particularly the last six months, demand of computing has gone up substantially.”
– Huang said on CNBC’s “Squawk Box.”
The AI chipmaker CEO noted that while AI reasoning models may be using enormous amounts of computing power, their demand is also accelerating considering how good the results are.
“The AIs are smart enough that everybody wants to use it,” the CEO said. “We now have two exponentials happening at the same time.”
Pointing to Blackwell, Nvidia’s graphics processing unit (GPU) microarchitecture delivering faster AI, better graphics, and energy-efficient performance, Hunag noted that its demand is really high.
“Demand for Blackwell is really, really high,” he said of Nvidia’s most advanced graphics processing unit. “I think we’re at the beginning of a new buildout, beginning of a new industrial revolution.”
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. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders: 57
International Business Machines Corporation (NYSE:IBM) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 7, IBM leveraged its annual event for developers and technologists, TechXchange 2025, to unveil advancements across software and infrastructure that support productivity for developers, lines of business and infrastructure.
The TechXchange event serves as a platform for IBM to unveil the latest advancements in agentic AI, hybrid cloud, quantum computing and intelligent infrastructure.
A key highlight were updates made to the watsonx Orchestrate, a generative AI and automation solution by IBM that automates tasks and simplifies complex processes.
The company also unveiled AgentOps, a monitoring and governance system for AI agents within watsonx Orchestrate. Through the platform, agentic workflows allow developers to create standardized and reusable processes for sequencing multiple agents and tools. IBM also mentioned adding the Langflow integration so that users can build agents through a visual drag-and-drop interface.
It also intends to extend AI capabilities to mainframe systems through watsonx Assistant for Z. This will help automate operational processes while maintaining security compliance on IBM Z systems.
It also introduced Project Infograph, a unified infrastructure management system, as well as Project Bob, which is an AI-integrated development environment currently in private tech preview.
“AI productivity is the new speed of business. These features will help clients remove bottlenecks across their entire technology lifecycle. With these enhancements across our portfolio, we’re giving customers capabilities that take developer productivity, agentic orchestration and infrastructure intelligence to the next level.”
-Dinesh Nirmal, Senior Vice President of Products, IBM Software.
International Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products.
9. Autodesk, Inc. (NASDAQ:ADSK)
Number of Hedge Fund Holders: 73
Autodesk, Inc. (NASDAQ:ADSK) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 6, RBC Capital analyst Matthew Hedberg reiterated an Outperform rating on the stock with a $380.00 price target. The rating affirmation came ahead of the company’s analyst event.
Autodesk’s analyst event took place on October 7th in San Francisco. According to the firm, Autodesk had already disclosed during its second-quarter earnings call about its fiscal year 2029 operating margin target of 41%, or 45% on an underlying basis.
In this regard, it noted that the investor day would help understand its various market drivers. One of the main focus of the event is its AI vision, the analysts noted.
Following the analyst day, firms such as Piper Sandler reaffirmed their bullish outlooks based on their confidence in the company’s growth and profitability strategy.
Autodesk, Inc. (NASDAQ:ADSK), a multinational software corporation, leverages generative AI technology to drive innovation across the design, construction, manufacturing, and entertainment industries.
8. ASML Holding N.V. (NASDAQ:ASML)
Number of Hedge Fund Holders: 78
ASML Holding N.V. (NASDAQ:ASML) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 6, HSBC analyst Adithya Metuku raised the price target on the stock to EUR1,018 (from EUR809.00) while maintaining a Buy rating. The rating comes ahead of the company’s upcoming September quarter results on October 15.
The firm anticipates ASML results and December quarter guidance to be broadly in line with expectations, with management likely to discuss demand trends into 2026. It also believes that ASML can deliver 6% revenue growth next year, with its revenue and operating income estimates running 3%-5% ahead of consensus forecasts.
Overall, the firm expressed optiomism on the stock, reflecting on strong demand signals and DRAM capacity expansion.
“ASML reports Sep-Q results on the 15th of October. We expect a broadly in line set of Sep-Q results and Dec-Q guide. We expect management to provide colour on demand trends into 2026. Recent positive newsflow supports our view that ASML can deliver revenue growth (HSBCe 6% y-o-y) in 2026. Our 2026 revenue and op. income estimates are 3%-5% ahead of consensus. Our analysis of backlog suggests that ASML needs EUR 7.8bn in orders in 2H25 to meet our forecasts and hence we would view Sep-Q orders of cEUR4bn as supportive of our 2026 expectations. In this note, we also provide our thoughts into SEMICON West and analysis around upside associated with recent newsflow on DRAM capacity deployments. Changing narrative from no-growth to growth in 2026 and rising confidence in outer year demand can drive a valuation re-rating. We raise our TP to EUR 1,018.”
ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.
7. Snowflake Inc. (NYSE:SNOW)
Number of Hedge Fund Holders: 100
Snowflake Inc. (NYSE:SNOW) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 6, Mizuho analyst Gregg Moskowitz reiterated an Outperform rating on the stock with a $260.00 price target.
The firm discussed Snowflake’s launch of its first ever vertical-specific offering, Cortex AI for Financial Services, which is its first industry-focused suite of AI tools. CEO Sridhar Ramaswamy also placed emphasis on the company’s focus on building an open data ecosystem.
Partner checks reveal steady progress in legacy systems migrations coupled with rising interest in the company’s emerging Cortex AI and Openflow offerings.
Mizuho further anticipates healthy consumption activity and secular trends driving enterprise modernization trends to sustain growth into fiscal 2026. It also talked about multiple growth drivers ahead, such as several new products and improving go-to-market strategies.
Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform.
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 7, Morgan Stanley analyst Joseph Moore raised the price target on the stock to $246.00 (from $168.00) while maintaining an Equal Weight rating.
The firm lifted its 2027 datacenter GPU estimates for AMD from $13 billion to $20 billion, following management’s remarks about “tens of billions of annual AI datacenter revenue” in that timeframe.
The firm’s revised projections for 2027 now include revenue of $51.2 billion, up from $44.2 billion, and non-GAAP earnings per share of $8.82, up from $6.74.
The outlook is a reflection of rising demand for AI-related products and confidence in the company’s positioning within the data center market.
Its new price target now aligns AMD’s valuation with large cap AI-peers such as Broadcom and Nvidia. The bank believes that AMD has the potential to command an even higher valuation if it secures major AI customers.
Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.
5. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 115
Tesla, Inc. (NASDAQ:TSLA) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 3, Freedom Capital Markets raised its price target on the stock to $338.00 from $217.00 while maintaining a Sell rating.
The price target raise follows Tesla’s biggest delivery quarter ever where it delivered 497,099 vehicles in the third quarter, exceeding Wall Street’s estimate of 443,079.
Buyers were rushing to take advantage of the expiring $7,500 federal EV tax credit. According to the firm, the Q3 2025 delivery figures exceeded both consensus market estimates and the firm’s own projections for the quarter.
Despite the positive update, Freedom Capital Markets maintains its Sell rating noting that noting that deliveries may slow after the credit benefit fades.
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
4. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 156
Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 6, KeyBanc reiterated an Overweight rating and $420.00 price target on the stock. The rating affirmation comes ahead of the company’s fiscal fourth-quarter 2025 earnings report.
KeyBanc anticipates Broadcom to deliver higher results for the October quarter and provide stronger guidance for the January quarter. These positive results will be supported by strong artificial intelligence demand in networking and AI ASICs (application-specific integrated circuits).
It anticipates F4Q25 revenue of $17.5 billion and earnings per share of $1.87, slightly exceeding consensus estimates of $17.4 billion and $1.86, respectively. From Google’s TPU strength where the company is anticipated to maintain 100% market share through 2026, to the ramp of Meta’s AI ASIC, MTIA v2, several growth drivers seem to be working in favor of the stock.
The firm believes that investor attention will be focused on aspects such as the $10 billion in revenue associated with Broadcom’s fourth ASIC customer, AI outlook and ASIC backlog updated, and also potential additions to its XPU customer pipeline.
Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets.
3. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 219
Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 7, BofA Securities reiterated a Buy rating on the stock with a price target of $252. The rating affirmation follows emerging reports that Google is testing a redesign of its Gemini AI application.
Reports indicate that Google is exploring potential interface changes from Gemini’s simple chatbot interface to a lively and scrollable feed that feature suggested prompts paired with visual elements.
There may be a prompt inspiration or discovery section intended to replace the blank greeting screen with more content-driven experiences. This may help enhance user engagement.
First reported by Android Authority, it seems that Gemini may look a lot like a TikTok feed than a chatbot interface.
Bank of America analyst Justin Post noted how the move could help boost user interaction and expand use cases for Gemini.
“A more visual, feed-based layout could improve engagement by appealing to mobile users accustomed to scrolling formats” such as TikTok and Meta Platform Inc.’s (META) Reels, according to Post. New content formats could also “increase opportunities for premium subscription tiers or sponsored content placements,” he added.
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 6, KeyBanc reiterated its Overweight rating on the stock with a $250.00 price target. The rating affirmation comes ahead of Nvidia’s upcoming earnings report on November 19.
The firm believes that robust near-term hyperscaler demand and continued ramp of GB200/300 products will play out in favor of the stock, resulting in stronger results and guidance.
KeyBanc anticipates rack shipments rising and China sales resuming, potentially boosting near-term performance. It also stated that Nvidia has raised its CoWoS demand forecast to 370,000 interposers with supply reaching 530,000 interposers.
This underscores stronger production capacity and solid footing in the generative AI market.
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 335
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 6, Monness analyst Brian White has maintained a Buy rating on the stock citing its robust market position and innovation.
According to White, competitive pressures in the cloud sector, particularly AI, exist. However, Amazon is effectively coping up with its scale and technological leadership.
Strategic initiatives such as Prime Big Deal Days are likely to ramp consumer engagement and sales particularly during the holiday season. Moreover, Amazon is also expanding its AI tools, while its grocery benefits for Prime members are also helping boost its value proposition.
Amongst these positives, regulatory risks still exist, including the FTC settlement. Nevertheless, the overall outlook for the stock is positive which is why the firm maintains its Buy rating.
Amazon.com Inc. (AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
READ NEXT: 10 AI Stocks Every Investor Should Watch and 10 Buzzing AI Stocks on Wall Street.
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