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11 Fastest Growing AI Stocks To Invest In Now

In this article, we will be taking a look at the 11 fastest growing AI stocks to invest in now. To skip our detailed analysis of the artificial intelligence sector, you can go directly to see the 5 Fastest Growing AI Stocks To Invest In Now.

Tech: A High-Growth Sector

If you’re looking for high growth stocks to invest in, the tech sector is one of the best places to start. Specifically, artificial intelligence (AI) stocks can be exceptional additions to any growth portfolios as this revolutionary technology continues to expand and grow to bigger heights than ever seen before. However, the fact that AI is an exciting place to invest in right now does not automatically mean that every AI stock in the market is a good growth pick for investors. Resultantly, it’s important to ensure that investors carefully pick out the AI stocks that can actually deliver on their promises of growth instead of the ones that can’t.

On March 15, Eric Lynch, the Portfolio Manager at Scharf Investments, joined CNBC’s “Squawk Box” to discuss this dilemma in the AI space where investors may not know which businesses can actually grow their earnings. Here’s what he had to say:

“We’re at a kind of ‘where’s the beef?’ moment for AI, where all the promises need to be delivered this year. If you look at investors’ reactions to several AI stories in the past week, you know Broadcom, Marvell Technology, Oracle, and most recently with Adobe yesterday, what you’re seeing is a reaction to slower growth than expected.”

Winners in Artificial Intelligence in 2024

According to Lynch, many AI companies today are lagging behind on their promises and cannot perform on par with the expectations leveled at them. As a result, it is becoming ever more important to separate the winners from the losers in this space. Lynch noted the following on which companies he sees as winners in AI:

“Obviously the chipmakers and the hyperscalers, we’ve seen that in the stock prices, NVIDIA, Microsoft, AWS, and most recently, Oracle. Oracle is really guiding for 50% infrastructure cloud growth going forward, because its use case was really generative AI, that it needed for its superior tech stack. So, these names are really benefitting.”

These “winning” AI stocks, such as NVIDIA Corporation (NASDAQ:NVDA), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL), are also among the top high growth stocks in the tech and AI sector today and have exciting developments brewing in 2024. For instance, NVIDIA Corporation (NASDAQ:NVDA) has its GTC Conference coming soon this March, where CEO Jensen Huang will deliver a keynote on what to expect from the company this year. Stifel’s equity research analyst, Ruben Roy, joined CNBC’s “Closing Bell” on March 15 to discuss what to expect from the keynote. Here’s what he said:

“I think there’s gonna be a lot of discussion on the product roadmap – NVIDIA has increased the cadence at which they bring new products to the market, I think that’s really interesting. I think there’s gonna be a discussion around the ecosystem that’s building around their AI offerings, so it’s not just about hardware, right, we’re not considering NVIDIA just a chip company anymore. It’s a systems company, a software company, it’s a networking company. And so I think there’s gonna be a lot of discussion, again, around this concept of an AI ecosystem that NVIDIA has been busy building.”

Investors interested in artificial intelligence stocks should thus keep their eyes on the upcoming GTC conference, which is expected to bring together tech professionals for stimulating discussions on the future of AI and its impact on the world. Additionally, keeping up with the news on which AI stocks can reasonably be considered high growth stocks is also important at this point in time. As such, we have compiled a list of the fastest-growing AI stocks today, including some of the most promising AI stocks to buy and some of the most advanced AI companies to invest in.

Our Methodology 

We selected the high growth stocks for our list below by consulting the holdings of the Global X Artificial Intelligence & Technology ETF and shortlisting 11 stocks with the highest share price gains over a 5-year period as of March 16. The stocks are ranked based on their share price performance, from the lowest to the highest gain. We have also mentioned the number of hedge funds holding stakes in each stock, using Insider Monkey’s hedge fund data for the fourth quarter. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by over 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

Fastest Growing AI Stocks To Invest In Now

11. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 302

5-year Share Price Performance: 255.8%

Microsoft Corporation (NASDAQ:MSFT) is a systems software company based in Redmond, Washington. It is one of the big tech stocks leading the AI race with its AI solutions and chatbot, the Microsoft Copilot.

As of March 15, DA Davidson analysts maintain a Buy rating and $500 price target on Microsoft Corporation (NASDAQ:MSFT).

There were 302 hedge funds long Microsoft Corporation (NASDAQ:MSFT) in the fourth quarter, with a total stake value of $87.3 billion.

Bill & Melinda Gates Foundation Trust was the largest shareholder in Microsoft Corporation (NASDAQ:MSFT) at the end of the fourth quarter, holding 38.2 million shares in the company.

Carillon Tower Advisers mentioned Microsoft Corporation (NASDAQ:MSFT) in its fourth-quarter 2023 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) performed well after reporting strong earnings supported by accelerated growth from Azure. The cloud business is seeing consistent trends from optimization while AI has contributed strongly to its growth.”

10. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

5-year Share Price Performance: 261.4%

Berkshire Hathaway was the most prominent shareholder in Apple Inc. (NASDAQ:AAPL) at the end of the fourth quarter, holding 905.6 million shares in the company.

Apple Inc. (NASDAQ:AAPL) is another big tech company on our list of high growth stocks. The company is based in Cupertino, California, and uses AI and machine learning in its technological research. The company has also recently acquired a Canadian AI startup, DarwinAI, to add to its arsenal.

A Buy rating and $225 price target were maintained on Apple Inc. (NASDAQ:AAPL) on March 12 by Bank of America Securities analysts.

Apple Inc. (NASDAQ:AAPL) was seen in the portfolios of 131 hedge funds in the fourth quarter, with a total stake value of $205.9 billion.

9. The Trade Desk, Inc. (NASDAQ:TTD)

Number of Hedge Fund Holders: 41

5-year Share Price Performance: 278.1%

We saw 41 hedge funds long The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, with a total stake value of $1.3 billion.

The Trade Desk, Inc. (NASDAQ:TTD) is a digital advertising company based in Ventura, California. It relies on AI and machine learning for real-time analytics that help in the prediction and optimization of advertisement campaigns.

On February 22, Needham analysts maintained a Buy rating and a $100 price target on The Trade Desk, Inc. (NASDAQ:TTD).

ClearBridge Investments mentioned The Trade Desk, Inc. (NASDAQ:TTD) in its fourth-quarter 2023 investor letter:

“We have chosen to source a significant number of ideas among companies earlier in their business lifecycle by focusing on four secular growth themes: data and analytics, onshoring/reshoring, information security and e-commerce. In addition to Microsoft, three of the four other new positions we initiated during the quarter fit within these focus areas: The Trade Desk, Inc. (NASDAQ:TTD), Monolithic Power Systems and Model N.

Trade Desk, in the communication services sector, is a disruptor in the advertising technology market, operating a cloud-based platform that enables buyers to manage their digital advertising campaigns. We added the shares on a pullback due to recessionary fears and ad buyer cautiousness.”

Like NVIDIA Corporation (NASDAQ:NVDA), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL), The Trade Desk, Inc. (NASDAQ:TTD) is among the top high growth stocks in the AI sector today.

8. Fortinet, Inc. (NASDAQ:FTNT)

Number of Hedge Fund Holders: 42

5-year Share Price Performance: 291.6%

Fundsmith LLP was the largest shareholder in Fortinet, Inc. (NASDAQ:FTNT) at the end of the fourth quarter, holding 7.3 million shares in the company.

Goldman Sachs’ analysts maintain a Buy rating and an $85 price target on Fortinet, Inc. (NASDAQ:FTNT) as of February 8.

Fortinet, Inc. (NASDAQ:FTNT) is a systems software company on our list of high growth stocks. It offers cybersecurity operations solutions, including the FortiAI, a generative AI assistant.

In total, 42 hedge funds were long Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, with a total stake value of $2.3 billion.

Conestoga Capital Advisors said the following about Fortinet, Inc. (NASDAQ:FTNT) in its fourth-quarter 2023 investor letter:

Fortinet, Inc. (NASDAQ:FTNT): FTNT is the worldwide market share leader in network security firewalls (by units). During the quarter, shares sold off as reported billings growth missed expectations for the second consecutive quarter, resulting in a further lowering of 2023/2024 guidance. Currently, FTNT continues to face weaker demand following three consecutive years of elevated growth. This is likely a near-term downcycle and management is opportunistically buying back shares at an accelerated pace.”

7. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 91

5-year Share Price Performance: 322.2%

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor company based in Palo Alto, California. It offers AI optical solutions and AI chips that improve high-speed interconnections between AI processors in data centers and is among the top high growth stocks in the AI space.

On March 11, Citigroup analysts maintained an $1100 price target and a Buy rating on Broadcom Inc. (NASDAQ:AVGO).

Broadcom Inc. (NASDAQ:AVGO) was spotted in the 13F holdings of 91 hedge funds in the fourth quarter, with a total stake value of $8.9 billion.

Carillon Tower Advisers made the following comments about Broadcom Inc. (NASDAQ:AVGO) in its fourth-quarter 2023 investor letter:

“Broadcom Inc. (NASDAQ:AVGO) traded higher after closing on its acquisition of VMware. The company also announced earnings that were relatively in line with estimates with some benefit of better operating expenses. The stock appears to be one of the first real beneficiaries of generative artificial intelligence (AI) with meaningful revenue expected to show up in 2024.”

6. Cadence Design Systems, Inc. (NASDAQ:CDNS)

Number of Hedge Fund Holders: 72

5-year Share Price Performance: 383.2%

Cadence Design Systems, Inc. (NASDAQ:CDNS) is an application software company. It offers the Cadence Generative AI Platform, a product design solution that enables optimization, product differentiation, and workflow productivity gains for users.

A total of 72 hedge funds were long Cadence Design Systems, Inc. (NASDAQ:CDNS) in the fourth quarter, with a total stake value of $3.6 billion.

A Buy rating and a $320 price target were reiterated on Cadence Design Systems, Inc. (NASDAQ:CDNS) on March 6 by analysts at Needham.

Like NVIDIA Corporation (NASDAQ:NVDA), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL), Cadence Design Systems, Inc. (NASDAQ:CDNS) is one of the high growth stocks to buy now.

Click to continue reading and see the 5 Fastest Growing AI Stocks To Invest In Now.

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Disclosure: None. 11 Fastest Growing AI Stocks To Invest In Now is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…