The US Commerce Department has just announced that it is voiding an agreement with an outside center to oversee $7.4 billion in semiconductor research funds.
Previously finalized under President Joe Biden, the agreement has been deemed void on the grounds that the Biden administration illegally created Natcast. Consequently, the agreement granting the organization up to $7.4 billion in taxpayer money is now invalid.
According to the US Commerce Department, its National Institute of Standards and Technology will shoulder the operational responsibility for the National Semiconductor Technology Center from the private non-profit National Center for the Advancement of Semiconductor Technology (Natcast).
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 Q2 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).
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15. Zoom Communications Inc. (NASDAQ:ZM)
Number of Hedge Fund Holders: 48
Zoom Communications Inc. (NASDAQ:ZM) is one of the 15 Hot AI Stocks to Keep on Your Radar. On August 22, Rosenblatt analyst Catharine Trebnick raised the price target on the stock to $110.00 (from $100.00) while maintaining a Buy rating.
According to the firm, Zoom posted its strongest revenue growth in 11 quarters driven by increasing enterprise demand, rapid AI adoption, and continued Contact Center momentum. It also raised its fiscal 2026 guidance.
Enterprise revenues have also grown, reflecting the successful expansion into large accounts. That said, the firm believes that Zoom offers greater growth visibility, continued share repurchases, and expanding opportunities for artificial intelligence monetization.
“Notably, management raised full-year FY26 guidance across revenue, PF EPS, and free cash flow, underscoring both top-line stability and industry-leading profitability (41% op.margin, 80% gross margin). With greater growth visibility, a strong $7.8B cash balance, continued share repurchases, and expanding opportunities for AI monetization, we reiterate our Buy rating and raise our price target to $110 (from $100) on the back of these robust results and upwardly revised estimates. The next key catalyst is Zoomtopia in September.”
Zoom Video Communications, Inc. (NASDAQ:ZM) is a communications technology company.
14. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 66
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the 15 Hot AI Stocks to Keep on Your Radar. On August 25, BMO Capital analyst Keith Bachman lowered the price target on the stock to $460.00 (from $500.00) while maintaining an Outperform rating.
The firm has found positive channel feedback for Crowdstrike’s July quarter, with channel representatives particularly praising the company’s success in promoting Falcon Flex deals and Next-Gen SIEM.
The only concern that the firm has ahead of CrowdStrike’s upcoming earnings report is the potential guidance for the second half of fiscal year 2026.
“Feedback from the channel has been mostly positive for CRWD ‘s July quarter. Channel reps commented that CRWD has been successfully promoting Falcon Flex deals, as well as Next-Gen SIEM. However, we are cautious going into the print based on concerns around potential 2HFY26 guidance comments. Further, we believe that CRWD needs to grow ARR and revenues by at least 22-23% y/y in FY27 to move the shares meaningfully higher, which is not our base case scenario. Hence, we are lowering our target price from $500 to $460.”
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.
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