On Tuesday, June 10, White House AI czar David Sacks said that the chance of American AI chips falling into the wrong hands isn’t as grave as it seems. He also expressed concerns that regulating U.S. artificial intelligence too tightly could hinder growth and give China a chance to step ahead in the AI arms race.
“We talk about these chips like they could be smuggled in the back of a briefcase. That’s not what they look like. These are server racks that are eight feet tall and weigh two tons,” Sacks said at the AWS summit in Washington…They don’t walk out doors. It’s very easy to basically verify that they’re where they’re supposed to be.”
-David Sacks
“I do worry we’re on a trajectory where fear could overtake opportunity and we end up sort of crippling this wonderful progress that we’re seeing.
READ ALSO: 10 AI Stocks on Wall Street’s Radar and 10 Buzzing AI Stocks on Latest News and Ratings.
Sacks’ concerns are valid, with history proving how rigid rules around AI chips exports, particularly in Biden’s era, failed to prevent the birth of disruptors such as DeepSeek. Naturally, Trump rescinded Biden’s executive order, and also the so-called AI diffusion rule, which limited the amount of American AI computing capacity that some countries were allowed to obtain via U.S. AI chip imports.
“We rescinded that Biden diffusion rule, which…made diffusion a bad word. Diffusion of our technology should be a good word.” Sacks said.
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.
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15. BigBear.ai Holdings, Inc. (NYSE:BBAI)
Number of Hedge Fund Holders: 17
BigBear.ai Holdings, Inc. (NYSE:BBAI) ) is one of the 15 AI Stocks Making Waves on Wall Street. On June 11, the company announced a strategic partnership with Easy Lease PJSC, UAE’s leading provider of integrated mobility solutions, and Vigilix Technology Investment L.L.C, a specialist in technology investments and advisory services.
Through this partnership, the UAE and the broader region will be able to undergo digital transformation through the acceleration, development, and deployment of innovative AI-enabled solutions. The three companies will be leveraging their expertise in AI, operations, and strategic advisory services to develop advanced technologies for the region’s high-growth industries.
Leading the collaboration is BigBear.ai, which will focus on developing and integrating the advanced AI tools. Meanwhile, Easy Lease will be responsible for providing its operational leadership and market reach, and Vigilix with regional insights for successful market impact.
“This partnership is both a privilege and a milestone for BigBear.ai. It is a powerful endorsement of our technology and values. This project also marks a major first step in our international expansion. Together with Easy Lease and Vigilix, we are committed to advancing the UAE’s AI capabilities, delivering mission-critical systems that enhance safety, mobility, and operational effectiveness across the region.”
-Kevin McAleenan, CEO of BigBear.ai.
BigBear.ai Holdings, Inc. (NYSE:BBAI) is an artificial intelligence specialist that provides decision intelligence solutions for national security, digital identity, supply chain and logistics, enterprise operations, and manned-unmanned teaming in autonomous systems.
14. Super Micro Computer, Inc. (NASDAQ:SMCI)
Number of Hedge Fund Holders: 40
Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the 15 AI Stocks Making Waves on Wall Street. On June 11, the company announced an expansion of the industry’s broadest portfolio of solutions designed for NVIDIA Blackwell Architecture to the European market.
The 30+ solutions offer the most comprehensive and efficient solution stack for NVIDIA HGX B200, GB200 NVL72, and RTX PRO 6000 Blackwell Server Edition deployments. These solutions will accelerate the deployment of European enterprise AI factories across any environment.
Supermicro’s solution stack will not just enable the deployment of NVIDIA Enterprise AI Factory validated design, but also support the upcoming introduction of NVIDIA Blackwell Ultra solutions, anticipated later this year. This includes the NVIDIA GB300 NVL72 and HGX B300.
A major highlight of Supermicro’s latest offerings is its DLC-2 liquid cooling technology, which has the ability to remove up to 250kW of heat per rack. Through this innovation, customers will be able to deploy much more compute power within existing facility constraints, all while maintaining optimal thermal performance for sustained AI workloads.
“With our first-to-market advantage and broad portfolio of NVIDIA Blackwell solutions, Supermicro is uniquely positioned to meet the accelerating demand for enterprise AI infrastructure across Europe. Our collaboration with NVIDIA, combined with our global manufacturing capabilities and advanced liquid cooling technologies, enables European organizations to deploy AI factories with significantly improved efficiency and reduced implementation timelines. We’re committed to providing the complete solution stack enterprises need to successfully scale their AI initiatives.”
-Charles Liang, president and CEO of Supermicro.
13. Arm Holdings plc (NASDAQ:ARM)
Number of Hedge Fund Holders: 42
Arm Holdings plc (NASDAQ:ARM) is one of the 15 AI Stocks Making Waves on Wall Street. On June 12, Benchmark analyst Cody Acree reiterated a “Hold” rating on the stock.
The rating reaffirmation follows a virtual conference call with the company’s Senior Director of Investor Relations, Alexis Waadt. Expressing optimism regarding Arm’s strong fundamental performance drivers, the firm highlighted Arm’s impressive 96.98% gross margin and 23.94% year-over-year revenue growth.
The firm particularly noted Arm’s globally expanding licensing opportunities, robust position in the mobile market, as well as recent growth drivers in AI PCs, data centers, and more. The company also boasts diverse revenue streams and strategic partnerships, and holds the flexibility to navigate market challenges and leverage upcoming opportunities in the AI landscape.
Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $147 implies a 5.7% upside; however, the Street-high target of $180 implies an upside of 29.4%.
Arm Holdings plc (NASDAQ:ARM) is a semiconductor and software design company that designs and manufactures semiconductor technology and other related products.
12. Bloom Energy Corporation (NYSE:BE)
Number of Hedge Fund Holders: 44
Bloom Energy Corporation (NYSE:BE) is one of the 15 AI Stocks Making Waves on Wall Street. On June 12, UBS analyst Manav Gupta reiterated a “Buy” rating on the stock with a $29.00 price target.
The firm has reaffirmed its positive stance on the company while making minor adjustments to its quarterly estimates. It expects Bloom to report second-quarter 2025 sales of $365 million, an increase from the $326 million reported in the first quarter of 2025. It also expects improved profitability with second-quarter EBITDA forecasted to reach $35 million, up from $25 million in the previous quarter.
The firm projected that Bloom Energy will achieve total sales of $1,777 million for the full fiscal year 2025. All in all, the firm is bullish on the stock as Bloom continues to grow its presence in the alternative energy sector with its solid oxide fuel cell technology.
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.
11. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders: 63
Dell Technologies Inc. (NYSE:DELL) is one of the 15 AI Stocks Making Waves on Wall Street. On June 12, Deutsche Bank reiterated the stock as “Buy.” The firm said that the tech giant remains a top idea following a meeting with investor relations.
“We view DELL as a top beneficiary of elevated (and prioritized) investment in AI infrastructure…”
In other news, Wells Fargo analyst Aaron Rakers also maintained their bullish stance on DELL stock, giving a Buy rating on June 5. Rakers’ highlighted the company’s strong financial position and strategic initiatives for the rating.
This includes its robust backlog in AI-optimized servers that indicate strong demand and revenue potential, and also its purchase obligations and inventory levels, implying effective management of supply chain and production capabilities.
Moreover, Dell’s capital return strategy has also been deemed effective, which includes significant share repurchases and dividend increases. The approach highlights confidence in the company’s cash flow generation and also its commitment to returning value to shareholders.
Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $140 implies a 24.6% upside; however, the Street-high target of $155 implies an upside of 37.97%.
Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide.
10. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 64
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the 15 AI Stocks Making Waves on Wall Street. On June 11, the company announced that it will be integrating Falcon® Cloud Security with NVIDIA universal LLM NIM microservices and NeMo Safety in order to provide full lifecycle protection for AI and over 100,000 large language models (LLMs) in collaboration with NVIDIA.
Through this integration, customers will be able to safely run and scale diverse LLM applications across hybrid and multi-cloud environments. CrowdStrike Falcon, its AI-powered cybersecurity platform, is helping to secure every stage of AI innovation powered by NVIDIA.
Data poisoning, tampering, and sensitive data leakage are some of the many risks models face when LLMs move into production. The integration of the Falcon platform with NVIDIA NIM enables end-to-end protection, helping monitor runtime behavior and power AI-driven detection and response trained on trillions of daily security events and frontline intelligence.
“CrowdStrike pioneered AI-native cybersecurity, and we’re defining how AI is secured across the software development lifecycle. This latest collaboration with NVIDIA brings our leadership to the front lines of cloud-based AI – where LLMs are deployed, run, and scaled. Together, we’re giving organizations the confidence to innovate with AI, securely and at speed, from code to cloud.”
-Daniel Bernard, chief business officer at CrowdStrike.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.
9. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 77
Palantir Technologies Inc. (NASDAQ:PLTR) is one the 15 AI Stocks Making Waves on Wall Street. On June 11, Mizuho raised the firm’s price target on the stock to $116 from $94 and kept an “Underperform” rating on the shares.
The firm’s price target adjustment follows remarks made by company executives at the bank’s technology conference this week. It talked about the company’s robust recent performance and significant upward revisions, as well as a rise in comparable multiples.
The new price target is based on projected enterprise value to sales multiples for 2025 and 2026, which are an estimated 80-times and 65-times, respectively.
“We are raising our price target to $116 (from $94) on Palantir’s strong recent execution and significant upward revisions, along with recent appreciation in competitor multiples. Our price target reflects 2025E-26E EV/ Sales multiples of roughly 80x and 65x. This also equates to a large 6x premium to our enterprise software peer group median for next year, reflective of Palantir’s strong strategic positioning with large customers, and potential for further accelerated growth in future years.”
Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems.
8. Datadog, Inc. (NASDAQ:DDOG)
Number of Hedge Fund Holders: 84
Datadog, Inc. (NASDAQ:DDOG) is one of the 15 AI Stocks Making Waves on Wall Street. On June 10, the company unveiled new capabilities for detecting and remediating critical security risks across customers’ AI environments.
Extending investment to secure its customers’ cloud and AI applications, the need for new capabilities has arisen out of AI workloads fostering new attack surfaces. Microservices now come with capabilities that can spin up autonomous agents for revealing secrets, shipping code, and even calling external APIs without any human intervention.
To avoid developers who rely on third-party code repositories being exposed to poisoned code and hidden vulnerabilities, the company has introduced Datadog Code Security. Now generally available, it empowers developers and security teams to detect and prioritize vulnerabilities in first-party code and open source libraries, leveraging AI to solve complex issues in both AI and traditional applications.
Another capability unveiled by the company is Datadog LLM Observability. Now generally available, the LLM Observability monitors AI models and looks for harmful behavior across prompts and responses within an organization’s AI applications. The company has also introduced Bits AI Security Analyst, a new AI agent that automatically triages security signals and performs detailed investigations of potential threats.
Lastly, Datadog’s Workload Protection will allow customers to monitor the interaction between LLMs and their host environment, allowing production AI models to stay secure.
“AI has exponentially increased the ever-expanding backlog of security risks and vulnerabilities organizations deal with. This is because AI-native apps are not deterministic; they’re more of a black box and have an increased surface area that leaves them open to vulnerabilities like prompt or code injection. The latest additions to Datadog’s Security Platform provide preventative and responsive measures—powered by continuous runtime visibility—to strengthen the security posture of AI workloads, from development to production.”
-Prashant Prahlad, VP of Products, Security at Datadog.
Datadog, Inc. (NASDAQ:DDOG) offers a cloud-based SaaS platform for monitoring and analytics, specializing in cloud computing and AI-powered cybersecurity products.
7. Snowflake Inc. (NYSE:SNOW)
Number of Hedge Fund Holders: 94
Snowflake Inc. (NYSE:SNOW) is one of the 15 AI Stocks Making Waves on Wall Street. One of the biggest analyst calls on Wednesday, June 11, was for Snowflake. Citi reiterated the stock as “Buy” with an associated price target of $245.00. The firm said it is sticking with the stock following an investor day.
Snowflake is experiencing strong momentum owing to its new products, particularly Cortex AI. Cortex AI is a suite of AI features using large language models (LLMs) to offer intelligent assistance to customers. Customers are particularly excited about the accelerated product development under CEO Sridhar Ramaswamy and the readiness of enterprises to deploy generative artificial intelligence applications.
Customers have also resonated well with the company’s strategy to avoid vendor lock-in, thereby resulting in widespread adoption of the Cortex AI for tasks such as fraud detection and process automation. This has, in turn, led to reduced operational overheads.
The firm also talked about the adoption of Apache Iceberg and the Polaris Catalog across various industries, reflecting on the increasing demand for vendor-neutral data management solutions. Crunchy Data’s recent acquisition further strengthens Snowflake’s position by enhancing support for Postgres. This, in turn, aligns with its strategy to provide open operational and analytical workloads for AI.
“In general, customer enthusiasm was high around Snowflake’s new products.”
Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform.
6. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 104
Tesla, Inc. (NASDAQ:TSLA) is one the 15 AI Stocks Making Waves on Wall Street. On June 11, Piper Sandler reiterated the stock as “Overweight” with a $400 price target. The firm said it sees more Tesla upside on robotaxi deployment.
Analyst Alexander Potter is optimistic that the stock will likely sustain its upward momentum over the coming weeks. Driverless Teslas are now being spotted on the streets of Austin, Texas, with CEO Musk acknowledging the deployment and predicting licensing agreements.
Another significant development noted by the analyst is new data from Kelley Blue Book, which shows rising new car prices across the market. The analyst told investors in a research note how, together, the developments signify how the “key component” of the firm’s bullish thesis has started to play out. However, the firm has also warned that any high-profile robotaxi accidents would likely result in “violent downside”.
“Bottom line: a key component of our TSLA thesis has officially begun playing out. We expect the stock to sustain upward momentum in the coming weeks, as more information is disclosed.”
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
5. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 159
Apple Inc. (NASDAQ:AAPL) is one the 15 AI Stocks Making Waves on Wall Street. On June 10, Evercore ISI analyst Amit Daryanani reiterated an “Outperform” rating and $250.00 price target on Apple Inc. (NASDAQ:AAPL).
Highlighting the recent keynote, analysts stated how it matched expectations of a transition year and that there were minimal announcements. One of the main announcements was Apple’s decision to allow developers access to its foundational AI models, which power Apple Intelligence. This permission will integrate AI features into apps that can operate independently of internet connectivity.
To conclude, all the announcements were largely in line with analyst predictions before the event. This is why the keynote likely did not revise perceptions of Apple’s stock value.
Here are his comments:
“The keynote was largely consistent with our preview that this would be a ‘transition year’ with relatively minor announcements. As expected, the biggest AI related announcement was Apple is opening up its on-device foundational AI models that underpin Apple Intelligence. This will enable developers to build AI features into their apps with 100% of the processing taking place on device, therefore working with or without an internet connections. The other AI announcements include deeper Visual Intelligence integration and live translate which will come to a variety of apps including messages, phone, and Facetime. It will also be available to developers via API. Apple also announced a new ‘Liquid Glass’ technology and changed the nomenclature used for its various operating systems. In addition to the ‘Liquid Glass’ changes to iOS, Apple also announced some visual changes for iOS 26, inspired by VisionOS. iPad OS will get some notable updates including some new multitasking features that will further blur the lines between MacOS and iPadOS. Apple Watch is getting a new ‘Workout Buddy’ that will offer enhanced fitness features and increases the devices lead as one of the best pieces of fitness hardware. Net/net: The announcements were consistent with our expectations heading into the event. Unlikely anything at the event changed anyone’s view on the stock.”
Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks.
4. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 212
NVIDIA Corporation (NASDAQ:NVDA) is one of the 15 AI Stocks Making Waves on Wall Street. On June 11, the company announced that it is building the world’s first industrial AI cloud for European manufacturers at the NVIDIA GTC Paris.
Featuring 10,000 GPUs, the AI factory will empower Europe’s industrial leaders to accelerate every manufacturing application, from design, engineering, and simulation to factory digital twins and robotics. The German-based AI factory will be built by following the framework in the NVIDIA Omniverse Blueprint for AI factory design and operations.
As a part of the blueprint, Cadence’s Reality Digital Twin Platform will be used to simulate and optimize the AI factory in a physically accurate virtual environment. This will allow the engineering teams to build a smarter, more reliable facility.
All in all, European manufacturers will be able to accelerate AI development and adoption in anticipation of AI gigafactories through the investment.
“In the era of AI, every manufacturer needs two factories: one for making things, and one for creating the intelligence that powers them. By building Europe’s first industrial AI infrastructure, we’re enabling the region’s leading industrial companies to advance simulation-first, AI-driven manufacturing.”
-Jensen Huang, founder and CEO of NVIDIA.
3. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 227
Alphabet Inc. (NASDAQ:GOOGL) is one of the 15 AI Stocks Making Waves on Wall Street. On June 11, Morgan Stanley reiterated the stock as “Overweight”. According to the firm, the “latest data show GOOGL’s leadership is stable to improving.”
“GOOGL’s leading position (‘first place to go’) remains largely intact across ecommerce, travel, autos, financials and healthcare.”
On the same day, Google also added a chief AI architect to its leadership ranks. The company continues to prioritize artificial intelligence, adding the technology to more of its products. The company has confirmed that Koray Kavukcuoglu, Google DeepMind’s chief technology officer, has been chosen for the new senior vice president position.
Kavukcuoglu will be reporting directly to Google CEO Sundar Pichai, helping with product strategy and accelerating “how we bring our world-leading models into our products, with the goal of more seamless integration, faster iteration, and greater efficiency.”
Kavukcuoglu’s appointment as chief AI architect follows pressures that the company has been facing to create money-making products from its flagship AI technology. AI competition is getting fiercer each passing day. However, tech companies are finding it hard to show significant returns.
Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $200 implies a 13% upside; however, the Street-high target of $250 implies an upside of 41%.
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 284
Microsoft Corporation (NASDAQ:MSFT) is one the 15 AI Stocks Making Waves on Wall Street. On June 11, Citi opened a positive catalyst watch on Microsoft. The firm said estimates for the company’s Azure are too low. Its analyst Tyler Radke reiterated a “Buy” rating on the stock with a $605.00 price target.
“We open a positive catalyst watch on MSFT with our view that Street Azure estimates are too low for FY26. This is supported by exit rate math and capex ROI analysis which supports Azure growth in the mid-to-high 30s% and recent read-throughs and positive checks. We believe the catalyst will be F’4Q25 earnings when FY26 guidance is announced and beyond as both Microsoft and OpenAI AI revenue continues to ramp.”
Microsoft remains the firm’s “top pick in software given its relative defensiveness in a choppy macro environment, AI product cycle, and our reinforced conviction that Street estimates on Azure may be too low for FY26.”
The firm has raised its base case estimate, now seeing “36.1% y/y cc FY26 Azure growth (vs. consensus at 32.1% y/y),” thereby raising its price target.
Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 328
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 15 AI Stocks Making Waves on Wall Street. One of the biggest analyst calls on Thursday, June 12, was for Amazon. Bank of America reiterated the stock as “Buy” with a $248 price target.
The firm said that Amazon continues to innovate using AI to improve package delivery. The firm is bullish on the company’s strategic growth initiatives and operational efficiencies, with one key reason being its increased ad loads on Prime Video. These increased loads are expected to nearly double ad revenues by 2025, boosting high-margin growth.
Moreover, Amazon’s restructuring of its grocery business is also likely to boost year-over-year margin growth. Even though it has a smaller market share compared to competitors, integrating Whole Foods under its broader umbrella is viewed as a positive step towards growth and customer retention.
Finally, the company’s efforts in artificial intelligence for package delivery are destined to improve efficiency and reduce costs. There are significant savings expected from robotics as well.
“Amazon announced three AI innovations improving delivery: 1) Wellspring, an AI-powered system that collects data from dozens of sources including satellite imagery, road networks, and prior deliveries to create a comprehensive map.”
Amazon.com Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 AI Stocks on Wall Street’s Radar and 10 Buzzing AI Stocks on Latest News and Ratings.
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