12 AI Stocks Making Waves Today

7. Palo Alto Networks, Inc. (NASDAQ:PANW)

Number of Hedge Fund Holders: 64

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity. On April 30, William Blair analyst Jonathan Ho maintained their bullish stance on the stock, giving a “Buy” rating. The rating update follows the firm’s optimism regarding Palo Alto’s strategic advancements in AI security, particularly its recent acquisition of Protect AI. Protect AI, a leader in AI security, will help Palo Alto tackle the unique security challenges posed by AI and machine learning applications and also enable it to become stronger in the AI security domain. The introduction of new tools, such as Prisma AIRS, a comprehensive AI security platform, and enhancements to SASE offerings, such as Prisma Access Browser 2.0, are further helping Palo Alto maintain its leadership and commitment in cybersecurity. These strategic moves also allow the company to have a first-mover advantage in safeguarding emerging AI technologies.