In its latest push toward becoming a key player in the AI arms race, the president of the United Arab Emirates recently met OpenAI Chief Executive Sam Altman in Abu Dhabi to discuss the country’s AI ambitions.

Report from Reuters noted how Sheikh Mohammed bin Zayed Al Nahyan and OpenAI CEO Sam Altman explored ways to boost cooperation between OpenAI and its counterparts in the UAE, particularly in the field of AI research and its practical applications.

“This cooperation aligns with the UAE’s ambition to establish an integrated AI ecosystem, supporting the country’s development plans and its drive to build a knowledge-based economy.”

-UAE State News Agency

The UAE is building one of the world’s largest AI data centers, launching a new Arabic-language AI model, and also seeking to tap on its relations with the US to secure access to AI technology.

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.

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10. CoreWeave, Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holders: 29

CoreWeave, Inc. (NASDAQ:CRWV) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 25, Citizens JMP analyst Greg Miller reiterated a Market Outperform rating on the stock with a $180.00 price target. The rating affirmation followed the company’s announcement of an expanded agreement with OpenAI.

CoreWeave expanded its agreement with OpenAI, bringing the total contract value at an estimated $22.5 billion. Analysts believe that there may be new contracts ahead as hyperscalers are increasingly outsourcing GPU cluster build outs to GPUaaS providers. These firms take on the financial and technical risks while helping hyperscalers get to market faster.

With the GPUaaS market anticipated to surge to an estimated $300 billion, the rapid growth outlook has led analysts to reiterate their Market Outperform rating.

“This morning, CoreWeave announced an expansion of its agreement with OpenAI, adding up to $6.5 billion in value. This follows the initial contract of up to $11.9 billion signed in March, and a subsequent expansion of up to $4 billion in May 2025. With today’s announcement, the total contract value between CoreWeave and OpenAI now stands at approximately $22.5 billion. We believe we will continue to see new contracts being signed as we believe hyperscalers are increasingly outsourcing GPU cluster buildouts to GPUaaS providers which are willing to accept balance sheet and technology risk while improving hyperscalers’ time to market. As highlighted in our recent upgrade note, we project the GPUaaS market to scale from ~$3-4 billion currently to approximately $300 billion, reflecting the rapid acceleration in demand and infrastructure outsourcing by hyperscalers. We reiterate our Market Outperform rating and $180 price target, which represents ~6.0x estimated 2027 revenue.”

CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.

9. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 33

Baidu, Inc. (NASDAQ:BIDU) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 26, Bernstein SocGen Group analyst Boris Van raised the price target on the stock to $150.00 (from $90.00) while maintaining a Market Perform rating.

The firm noted that Baidu’s stock has seen a rerating driven by the company’s positive attitude toward money management and plans to unlock value within the group. Baidu has mentioned that it may consider actions such as listing its Robotaxi business and other new ventures.

The company also wishes to categorize its AI businesses so that investors can better assess which areas are growing.  Moreover, investors have been frustrated at the company for not rewarding them sufficiently since quite some time. Baidu has signaled that it’s going to take action soon.

This alone is enough for investors to rethink what the stock might be worth.

“Baidu’s stock has seen a re-rating of late driven by a more positive tone from the company around capital structure and unlocking value within the Group. Specifically the company talked about exploring capital actions (ie listing) of their Robotaxi and other new ventures. They also talked about re-categorizing their AI businesses to give a clearer read on the AI growth parts. Acknowledging long held investor angst about lack of shareholder returns and signaling taking action seems enough, for the moment, to get investors to think about what Baidu’s various business could be worth. Under current market conditions, we put this value for Baidu at ~US$150/share, with US$100 attributed to the core income generating businesses, and US$50 in value from the new business ventures e.g. Robotaxi and its Net Cash/investments position.”

Baidu, Inc. (NASDAQ:BIDU) is a Chinese internet giant and AI pioneer, known for its noteworthy investments in artificial intelligence technology and its position as the dominant search engine within the country.