In this article, we will look at the 5 Best AI Stocks to Buy in June. Please visit the 10 Best AI Stocks to Buy in June if you’d like to see an extended list and methodology behind it.
5. Meta Platforms, Inc. (NASDAQ:META)
Potential Upside:38.05%
Number of Hedge Fund Holders: 262
Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Best AI Stocks to Buy in June. On June 6, TheFly reported that Meta is in discussion with data center developer CleanSpark (CLSK) to secure space in the latter’s data center facility.
Photo by Jakob Owens on Unsplash
According to Green Street News Infrastructure, Meta is seeking to lease space at CleanSpark’s Sandersville, Georgie facility, which has a capacity of roughly 250 Megawatts.
Earlier on June 3, Meta launched its expanded Meta Business Agent, which now caters to businesses of all sizes around the world. The company said the Meta Business Agent supports companies in responding to their customers and can also deliver a morning briefing to catch you up on messages that they missed overnight. The expanded business agent also lets companies respond to customers using their local language and tone to deliver a more personalized experience.
Based on 70 analyst ratings compiled by CNN, 91% assigned a Buy rating to Meta, while 9% assigned a Hold rating. The stock has a median price target of $818.66, a 38.05% upside from the current price of $593.
Meta Platforms, Inc. (NASDAQ:META) is engaged in developing social media applications. It operates several popular social media platforms, including Facebook, WhatsApp, Instagram, and Threads.
4. Alphabet Inc. (NASDAQ:GOOGL)
Potential Upside:16.68%
Number of Hedge Fund Holders: 265
Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Best AI Stocks to Buy in June. On June 3, the company said its Gemini app engagement doubled to over 900 million monthly active users as of May, compared to the same period last year, according to a report by Investing.com
The company said paid subscriptions grew to 350 million users, while AI Overviews now serve more than 2.5 billion users monthly. Across its platforms, Alphabet processes 3.2 quadrillion tokens monthly.
Given the growing number of users of the Gemini app, the technology firm announced an $84.75 billion capital raise to fund artificial intelligence infrastructure expansion.
Out of 72 analyst ratings compiled by CNN, 86% rated Alphabet Buy, while 14% assigned it Hold. The stock has an average price target of $430, a 16.68% upside from the current price of $368.53.
Alphabet Inc. (NASDAQ:GOOGL) is a holding company that engages in software, health care, transportation, and other technologies. It owns several notable platforms, including Google Search, Google Maps, Gmail, and YouTube. The company is also known for pioneering work and research in cloud computing, quantum computing, and artificial intelligence.
3. NVIDIA Corp. (NASDAQ:NVDA)
Potential Upside:46.27%
Number of Hedge Fund Holders: 275
NVIDIA Corp. (NASDAQ:NVDA) is one of the 10 Best AI Stocks to Buy in June. On June 5, DA Davidson’s head of technology research, Gil Luria, said Nvidia’s profit margins are relatively safe through 2030 due to the limited chip alternatives for hyperscalers in the market, according to a report by Bloomberg.
The analyst highlighted the reliance of hyperscalers on Nvidia’s chips, noting that they don’t have many options when it comes to chips powering data centers for artificial intelligence. He added:
“They are still by and large relying on Nvidia chips, almost entirely. That makes Nvidia’s gross margins around mid-70s, relatively safe.”
For the quarter of fiscal year 2027, Nvidia reported GAAP and non-GAAP gross margins of 74.9% and 75.0%, respectively. Revenue for the quarter soared 85% from a year ago to $81.6 billion.
Based on 68 analyst ratings compiled by CNN, 94% marked Nvidia Buy while 4% assigned a Hold rating. The stock has a median price target of $300, a 46.27% upside from the current price of $205.10.
NVIDIA Corp. (NASDAQ:NVDA) designs and manufactures graphics processing units (GPUs), system-on-a-chip units (SoCs), and AI hardware and software. Its GPUs are used in gaming, high-performance computing, AI training, and inference and serve as the backbone of data center infrastructure worldwide.
2. Microsoft Corporation (NASDAQ:MSFT)
Potential Upside:32
Number of Hedge Fund Holders: 282
Microsoft Corporation (NASDAQ:MSFT) is one of the 10 Best AI Stocks to Buy in June. On June 7, Investing.com reported that UBS maintained Buy ratings on three major cloud providers, including Microsoft, driven by their revenue growth.
The analyst noted that the combined cloud revenues of Microsoft, Amazon, and Oracle totaled $84.8 billion in the first quarter of 2026, a 39% increase from a year ago, driven by unprecedented demand for artificial intelligence-related computing capacity.
From among these companies, Microsoft delivered encouraging news last week. On June 2, the company unveiled its newest topological quantum chip, Majorana 2, which features a next-generation materials stack. The company said the new chip also features qubits that are 1,000 times more reliable than their predecessors. With the new chip, Microsoft said it now expects to achieve a scalable quantum computer by 2029.
Based on 62 analyst ratings compiled by CNN, 95% assigned a Buy rating on Microsoft, while 5% rated it Hold. The stock has an average price target of $550, a 32% upside from the current price of $416.67.
Microsoft Corporation (NASDAQ:MSFT) is a technology company that creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of customers.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Potential Upside:30.07%
Number of Hedge Fund Holders: 353
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Best AI Stocks to Buy in June. On June 6, Investing.com reported that BofA Securities reiterated its $310 price target and Buy rating on Amazon, driven by developments in the company’s Leo satellite internet project.
The analyst noted that Amazon is approaching an operational tipping point in the satellite project as deployment accelerates and commercial services near launch, highlighting that the firm has increased its launch cadence in the second quarter, with currently over 300 satellites in orbit.
Earlier on June 5, Amazon said Leo Europe 3 (LE-03) is slated to launch on June 17 from Europe’s Spaceport in Kourou, French Guiana. It added that the mission marks 100 satellites launched by Arianespace, noting that three missions were completed in less than five months.
Based on 71 analyst ratings compiled by CNN, 96% assigned a Buy rating to Amazon, while 4% assigned a Hold rating. The stock has a median price target of $320, a 30.07% upside from the current price of $246.03.
Amazon.com, Inc. (NASDAQ:AMZN) is a global technology company operating through multiple interconnected business units. While well-known as an online retailer, it is also a major player in cloud computing, digital streaming, and artificial intelligence.
While we acknowledge the potential of AMZN to grow, 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 the cheapest AI stock.
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