Global stocks climbed on Thursday over prospects of upcoming interest rate cuts and growing optimism around artificial intelligence. Even amid this optimism, investors are keeping a cautious lookout on U.S. President Donald Trump’s sustained push against international trade.
From threats of a punitive 50% tariff on Brazil’s exports to the U.S. to plans to impose a 50% tariff on copper imports, the latest tariff moves have seemingly had little impact on the market. Looking at the situation, Jeff Ng, SMBC’s head of Asia macroeconomic strategy, noted that investors have grown somewhat “numb” to the volatile situation.
“They know that there is still room for negotiation. A lot of these announcements, they start off with eye-catching numbers, but they are not totally final, and they are still subject to changes. Even if they are implemented, they could also be reversed in the coming few months to year.”
Investors have also received upbeat quarterly results from TSMC, backed by surging interest in AI, along with the news of Nvidia becoming the world’s first public company to briefly hit the $4 trillion mark in market capitalization.
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 Q1 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders: 36
CoreWeave, Inc. (NASDAQ:CRWV) is one of the 12 AI Stocks Making Waves on Wall Street. On July 9, the company announced that it is the first cloud platform to make NVIDIA RTX PRO 6000 Blackwell Server Edition instances generally available. Attaining up to 5.6x faster LLM inference and 3.5x faster text-to-video generation than the previous generation, the RTX PRO 6000 Blackwell Server Edition is suitable for inference models up to 70B parameters.
The GPU architecture combines NVIDIA’s cutting-edge compute with CoreWeave’s purpose-built AI Cloud Platform, helping customers achieve a cost-efficient solution along with strong performance for building and scaling AI applications.
With the launch of the RTX PRO 6000, CoreWeave now offers the widest range of NVIDIA Blackwell infrastructure on the market that customers can choose based on their unique needs.
“CoreWeave is built to move at the speed of innovation, and with the new RTX PRO 6000-based instances, we’re once again first to bring advanced AI and graphics technology to the cloud. This is a major step forward for customers building the future of AI, as it gives them the ability to optimize and scale on GPU instances that are ideal for their applications, and a testament to the speed and reliability of our AI cloud platform.”
-Peter Salanki, Co-Founder and Chief Technology Officer of CoreWeave.
CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.
11. Bloom Energy Corporation (NYSE:BE)
Number of Hedge Fund Holders: 44
Bloom Energy Corporation (NYSE:BE) is one of the 12 AI Stocks Making Waves on Wall Street. On July 9, JPMorgan upgraded the stock to “Overweight” from Neutral with a $33 price target, hiked from $18. JPMorgan said that the energy company is a beneficiary of the Big Beautiful Bill.
“We are upgrading BE to Overweight from Neutral.”
The firm believes this qualification should lead to upside to consensus revenue and margin estimates beginning in FY 2026.
“We believe the tax credit should provide pricing power for BE in conversations with data centers, while also increasing demand from more price sensitive (non-data center) customers.”
It also added that factors such as rising gas turbine prices and long lead times may lead hesitant buyers to commit.
“As competing gas turbine pricing and lead times remain elevated, we believe the tax credits for fuel cells can push hesitant BE customers over the finish line and expect order activity to increase accordingly.”
-Strouse wrote, albeit some uncertainties.
Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers.
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