In this article, we will look at 14 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More.
The US government and the Trump administration are reportedly in talks with certain AI companies- most notably OpenAI- related to a possible government stake. According to CNBC, OpenAI CEO Sam Altman and the White House have been having discussions for more than a year now, with Altman first sharing the idea with the Trump administration back in 2025.
As per reports, Altman has had meetings with several lawmakers and officials in Washington about regulation and the latest developments in AI. OpenAI may reportedly give equity to the US government as part of a potential agreement to seed something like the “Public Wealth Fund.”
The fund would be investing in long-term assets and may allow citizens to benefit from AI growth, possibly by receiving the fund’s returns directly. According to Trump, some part of the value or ownership of AI companies may be shared with the American public.
“There are concepts where pieces could be given to the American public, where the American public essentially becomes a partner,” he said.
Trump said he is meeting with AI companies “in the very short, very near future.”
While no companies have been named, some of the biggest names in the AI space in the US are Google, Microsoft, OpenAI, SpaceX and Anthropic – with the latter two expected to go public in the coming weeks.
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 2026.
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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
14. Hewlett Packard Enterprise Company (NYSE:HPE)
Number of Hedge Fund Holders: 58
Hewlett Packard Enterprise Company (NYSE:HPE) is drawing a more positive view from analysts based on its robust and sustainable demand. On June 2, Barclays analyst Tim Long raised the price target on the stock to $67.00 (from $28.00) while maintaining an Overweight rating.
Firm analysts have raised its estimates for HPE to reflect robust demand and average selling price benefits. Consequently, it has raised its forecasts for Q3 and Q4 of FY26 and FY27.
We maintain our OW rating, given the strength and sustainability of demand. We increase our PT to $67 on 15x our FY28 EPS of $4.44 from our prior PT of $28 on 10x our FY27 EPS of $2.75 given sustained demand.
The increased price target is a reflection of expectations for sustained demand in HP Enterprise’s business segments.
Hewlett Packard Enterprise Company (NYSE:HPE), an American multinational technology company, provides high-performance computing systems, AI software, and data storage solutions for running complex AI workloads.
13. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 70
On June 2, Citizens analyst Andrew Boone reiterated a Market Outperform rating on Reddit, Inc. (NYSE:RDDT) with a $240.00 price target. Boone has particularly defended Reddit’s premium valuation, stating how the company boasts major drivers driving near-term outperformance.
Reddit last closed at $177.85, which implies shares trade for 16.5x our 2027E EBITDA of $2.0B and 25.4x our 2027E GAAP EPS of $7.01. We maintain our Market Outperform rating. Our $240 price target is based on ~34x our 2027E GAAP EPS of $7.01.
From its significant ad momentum to new product launches such as Reddit Shopping and Max, many factors justify the stock’s valuation. The firm also noted how Reddit Answers, an AI-powered search tool on Reddit, has been modernizing the search experience for its users.
The firm believes that Reddit will continue to materially outperform estimates near-term.
Reddit, Inc. (NYSE:RDDT) is a social media platform that leverages AI to strengthen search functionality and improve user engagement.
