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.

12. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 71

On June 5, JPMorgan added a positive catalyst watch on Qualcomm and said that it’s sticking with its neutral rating. However, the firm is also bullish ahead of the company’s investor day.

Qualcomm is set to host its highly anticipated Investor Day on June 24th, to discuss the next phase of the company’s growth and diversification strategy amidst the rapid evolution of AI.

The firm believes that QCOM is likely to outline targets for data center revenue in excess of $3B in fiscal 2027 and $35B in fiscal 2031. It has placed its shares on Positive Catalyst Watch based on expectations for targets outlined at investor day to surpass investor expectations.

At the same time, its neutrality stems from the wait for evidence of execution on these opportunities.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry.

11. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 79

On June 4, Morgan Stanley reiterated the stock as “Overweight” and raised its price target on the stock to $690 per share from $610. The rating update follows Crowdstrike’s Q1 2027 earnings.

The company reported earnings per share of $1.10 adjusted versus the expected $1.07. Meanwhile, revenue came in at $1.39 billion, above the estimated $1.36 billion.

CRWD’s FQ1 beat expectations across the board, but the bigger story was $52mm raise to FY27 NNARR [net annual recurring revenue] guidance driven by accelerating AI demand, record pipeline, and broad platform strength.

According to CEO George Kurtz, Crowdstrike is benefiting from an “AI inflection point” driven by rising customer platform adoption.

In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment. CrowdStrike is AI security infrastructure, critical to successful AI adoption.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.

10. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 79

Marvell’s infrastructure story is gaining fresh support on Wall Street. On June 2, Stifel analyst Tore Svanberg raised the price target on Marvell (NASDAQ: MRVL) to $321.00 (from $230.00) while maintaining a Buy rating.

Stifel analysts described Marvell Technology Chairman and CEO Matt Murphy’s COMPUTEX 2026 keynote as a reaffirmation of its long-held thesis on Marvell. The keynote, titled “The Future of AI Scaling Depends on Connectivity,” reaffirms Marvell’s investment thesis particularly as AI demand continues to accelerate the need for advanced connectivity solutions across data centers.

Analysts noted how the keynote aligns with the financial trajectory management outlined during its F1Q27 earnings call. As connectivity becomes increasingly critical for scaling AI workloads, Marvell seems to be well-positioned within the data center and AI supercycle.

Given what we view as the market’s increased acceptance of MRVL’s positioning within the DC/AI supercycle, we reiterate our Buy rating with a raised 12-month Target Price of $321 (from $230), representing a 55.0x CY27E P/E multiple.

Marvell Technology, Inc. (NASDAQ:MRVL) develops and manufactures semiconductors, with a heavy focus on data centers.

9. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 80

Viewed more than just a cloud data platform, Benchmark sees Snowflake Inc. (NYSE: SNOW).as a mission-critical control plane for artificial intelligence. On June 2, analyst Yi Fu Lee reiterated a Buy rating and $270.00 price target on the stock.

We reiterate our Buy rating and maintain our price target at $270 (under review pending investor session today) following day one of Snowflake Summit 2026 opening keynote and preliminary checks.

Benchmark’s bullish case follows the first day of Snowflake Summit 2026, reinforcing confidence in the company’s long-term AI positioning. Firm analysts discussed how the company has had a “monster” start to F1Q27. During the quarter, the company raised its FY27 product revenue guidance by 400bps to 31% year-over-year growth.

The Snowflake team is using the summit to highlight its long-term vision as well as its recent technology innovations.

CEO Mr. Sridhar Ramaswamy kicked off the opening conference keynote with Anthropic (Private) Co-Founder & President Ms. Daniela Amodei and Accenture (ACN, Not Covered) Chair & CEO Ms. Julie Sweet. Frontier AI innovation theme permeates across the panels, and Snowflake serves as the mission critical agentic control plane or command center to make this all happen securely, in our view.

Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform.

8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 112

On June 5, Hitachi and Intel Corporation (NASDAQ:INTC) announced entering into a strategic collaboration aimed at accelerating physical AI, advanced computing, and next-generation digital infrastructure across sectors such as manufacturing, energy, and other critical industries.

Hitachi’s information technology (IT) expertise, deep operational technology (OT) and product manufacturing knowledge will be combined with Intel’s advanced computing capabilities and silicon-based platforms to develop next-generation computing solutions.

These solutions will help organizations modernize their operations, improve efficiency, and build resilient infrastructure. For creating new solutions and optimizing infrastructure, the companies plan on working together work across five strategic pillars. These pillars include foundry tools, quantum computing, energy optimization, custom silicon and edge-AI applications, and factory automation.

The coming wave of physical AI will transform the industrial edge of our economy through new advances in robotics, autonomous machines, and other AI edge devices. By combining Intel’s advanced computing and AI capabilities with Hitachi’s deep OT expertise and world class IT capabilities, we are uniquely positioned to help industries capture the enormous opportunity represented by physical AI at industrial scale. Together, we will accelerate the deployment of intelligent, real-world systems and bring the benefits of AI to more businesses and industries around the world.

-Lip-Bu Tan, CEO, Intel Corporation.

Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells advanced semiconductors, computer products, and technologies, delivering data storage, computer, networking, and communications platforms.

7. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 115

Wall Street appears somewhat cautious heading into Oracle’s 4Q print. On June 2, Scotiabank analyst Pat Colville raised the price target on the stock to $290 from $215, reiterating a Sector Outperform rating.

Following a 71% rally in ORCL shares over the past 3 months, we are a bit cautious heading into Oracle’s 4Q print.

Analysts at Scotiabank believe that Oracle’s FY27 capital expenditure guidance may approach $100 billion, significantly higher than the Street. While these higher costs may eventually be passed on to customers, analysts are not yet raising their FY27 Oracle Cloud Infrastructure revenue target due to a lack of certainty on contract specifics.

Apart from this concern, analysts at the firm are otherwise confident about their FY27 OCI estimate due to comments coming from the management that data center development is “on schedule or ahead of expectations.”

We update our model to reflect gross margin pressure from cost inflation, offset by the ~$800M annualized opex savings from Oracle’s ~11k headcount reduction. Our F27 EPS estimate increases 1% vs. our prior forecast.

Analysts forecast the stock to likely remain volatile over the next few weeks. However, they believe that the longer risk-reward seems favorable for investors who remain patient as management executes its vision.

Oracle Corporation (NYSE: ORCL) is a database management and cloud services provider.

6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 170

Apple Inc. (NASDAQ:AAPL) may be facing some near-term pressure owing to its App Store growth. On June 4, UBS analyst David Vogt reiterated a Neutral rating on the stock with a $296.00 price target.

The firm noted how App Store growth slowed down in May, with revenue growing around 3% on a reported basis. This growth was slower than that in April.

While App Store growth has stayed in the single-digit range so far this year, May marked the first month that this growth fell to the low-single-digit range. This slowdown was largely attributed to weakness in the US, where App Store revenue declined around 7%.

The firm believes June will be a challenging month considering how Apple faces a tough comparison from last year.

On a QTD basis, the App Store is tracking at ~4% (~3% FXN) while the month of June faces a ~12% comp, ~130 bps easier than May, but still not an easy hurdle in our view.

Apple is a technology company known for its consumer electronics, software, and services.

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