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.
8. Accenture plc (NYSE:ACN)
Number of Hedge Fund Holders: 65
Accenture plc (NYSE:ACN) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 26, Guggenheim analyst Jonathan Lee lowered the price target on the stock to $285.00 (from $305.00) while maintaining a Buy rating.
The firm noted that even though Accenture’s revenue growth was strong and management provided a FY26 outlook in line with expectations, investors are still worried about the company’s profit margins.
The company has announced yet another restructuring in the quarter to free up funds for AI-related investment. While this shows progress, it also raises profit-related concerns because of ongoing margin challenges and the frequent restructuring which implies deeper challenges.
“While ACN’s F4Q25 revenue growth came in toward the high end of its outlook range (+4.5% y/y cc revenue growth vs. +1–5% y/y cc revenue growth outlook) and management provided a FY26 outlook consistent with expectations, they did little to assuage the prevailing investor bear thesis on the potential for ongoing margin challenges. An announced restructuring in the quarter helps fund incremental investment in AI-related skillsets, but likely provides bears with tactical data points on a potential lack of durability in management’s profitability algorithm, particularly given: 1) ongoing gross margin challenges; and 2) this restructuring marks the company’s second in three years. We are moving our price target to $285 (from $305 prior) on the heels of ongoing sector multiple compression, though, over the medium term, expect the company to benefit from clients’ cost optimization initiatives and transformation agendas.”
Accenture plc (NYSE:ACN) offers strategy and consulting services.
7. Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holders: 76
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 25, Needham analyst N. Quinn Bolton raised the price target on the stock to $95.00 (from $80.00) while maintaining a Buy rating. The rating affirmation follows CEO Matt Murphy’s comments made at a competitor’s fireside chat regarding the company’s custom silicon business.
According to the firm, Murphy has made efforts to ease investor concerns by revealing there should be no revenue gap next year in custom silicon, particularly at AWS. He also provided target growth rates for the Data Center segment and its sub-segments for fiscal year 2027.
Custom silicon revenue is anticipated to remain stable, while FY27 Data Center growth is in line with hyperscaler CapEx at +18% Y/Y. Optics and other segments are poised to grow faster.
“Yesterday, CEO Matt Murphy spoke at a competitor’s fireside chat. Our key takeaways include: 1) Murphy tried to ease investor concerns about the custom business by confirming there should be no revenue gap next year in custom silicon, specifically at AWS. 2) Provided target growth rates for Data Center and its sub-segments in FY27, in which DC is expected to grow in line with hyperscaler CapEx at +18% Y/Y. Optics should outgrow the +18% Y/Y growth rate, custom silicon is expected to grow in line, and other/emerging should grow double-digits Y/Y; and 3) Highlighted opportunities in scale-up network connections and sees the company well positioned to capitalize on them. Reflecting Murphy’s comments, we reduce our custom silicon forecast but raise our optics/other forecast for FY27, driving slight upside to NG GM and NG EPS. Raise PT to $95.”
Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.
6. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 82
Intel Corporation (NASDAQ:INTC) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 26, Lynx Equity shared an analysis on Intel Corporation, stating that it expects “the stock to drift upwards powered by headlines to perhaps the $40-range.”
Discussing the recent media reports regarding Intel’s CEO approaching Apple and TSMC, the firm expressed its skepticism and stated that there is “little reason for Apple to agree to invest in Intel, from a strategic sense. Even less so for TSM.” However, it strongly supports NVIDIA’s investment in Intel.
The firm’s analysis suggests a potential server product ramp in 2027 based on Intel’s custom x86 CPU integration into NVIDIA’s AI racks. Lynx said that after this integration, “Intel’s NVLink-enabled x86 CPUs, on a stand-alone basis, could have interesting applications in traditional racks too.”
“After having jumped ~25% on the NVDA announcement and another ~15% on the AAPL headline, in the near term, we expect INTC stock to continue heading upwards, not as much due to fundamental reasons, but because the Intel CEO has managed to keep the company in the news. After ignoring the stock for over a year, institutional investors may be forced to take a view. On a fundamental basis, there may be a little bit of thaw in the permafrost as Intel’s core business sees modest upside. In his earnings presentation, Micron CEO raised his expectations for traditional server growth this year. Also, China’s subsidy program is helping boost client PC sales. Intel’s core portfolio of products may drive modest upside to revenue guidance. However, margins in the back-half of the year can be expected to be under pressure as Panther Lake ramps, the despite Raptor Lake reported to have raised pricing. Net/net, we expect the stock to drift upwards powered by headlines to perhaps the $40-range and then come under pressure as the earnings event draws closer.”
Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer products and technologies, delivering data storage, computer, networking, and communications platforms.
5. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 97
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 24, the company announced that it is it is expanding its global collaboration with Cohere, a security-first enterprise AI Company. The expanded collaboration will enable Cohere customers to run the company’s AI models on AMD Instinct GPU-powered infrastructure.
Cohere customers will have access to Command A, Command A Vision, Command A Translate and North. AMD will also integrate Cohere’s North platform into its internal enterprise AI portfolio. This integration will enable Cohere’s technology to become a central part of AI workloads at AMD.
The collaboration focuses on enterprise and sovereign AI initiatives in Canada and globally.
“We are excited to further expand our relationship with AMD with the availability of many of our models and North on AMD Instinct GPUs. Given public and private sector customers the ability to deploy our full suite of technology across our foundational models and security-optimized enterprise AI products gives them significantly greater flexibility in how they choose to deploy Cohere’s AI. AMD has a compelling TCO proposition with its AI infrastructure and is a great option for sovereign AI initiatives in Canada and globally.”
-Nick Frosst, co-founder, Cohere.
“Cohere’s full-stack AI solutions are now deployable on AMD Instinct infrastructure, empowering organizations and governments to scale AI with exceptional performance, efficiency, and memory capacity. With the AMD AI computing platform, customers benefit from excellent total cost of ownership and energy efficiency – critical advantages as enterprise and governments accelerate their AI transformation.”
-Vamsi Boppana, senior vice president, AI, AMD.
Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.
4. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 115
Tesla, Inc. (NASDAQ:TSLA) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 26, Deutsche Bank analyst Edison Yu raised the price target on the stock to $435.00 (from $345.00) while maintaining a Buy rating.
The firm believes that Tesla is poised to grow as it pushes further in its AI projects, particularly its robotaxi fleet and humanoid robot business.
“Ahead of 3Q25 deliveries next week, we raise our near-term estimates given stronger volume in the quarter but keep our full-year and 2026 outlook mostly unchanged. We think Elon Musk’s clear focus on Tesla’s most important efforts (robotaxi and Optimus) and the recent compensation package have removed a large overhang on the stock and going forward, will allow Tesla to benefit from being a leader in embodied AI. We raise our price target to $435 (up from $345), still based on a multi-modal SOTP framework, incorporating higher multiples in robotaxi and humanoid.”
The firm anticipates Tesla’s electric vehicle business to also be on track to notch deliveries that exceed expectations for the third quarter. This is driven by the launch of its Model Y L in China and surge in US demand ahead of the Trump administration’s planned phase out of incentives for EV buyers.
“We expect Tesla’s 3Q25 deliveries to track meaningfully ahead of consensus expectations (433k), supported by the launch of Model Y L in China and US pre-buy effect ahead of EV incentives going away. We forecast 461.5k deliveries or roughly flat YoY but up +20% QoQ. We expect +20% growth in both China and N. America, with some decline in Europe as competition and branding continues to weigh in on demand. In China QTD through the third week of September, registration data is tracking around 141k units (vs. our 159k estimate for the quarter). Looking at the full-year, consensus is calling for 1.6m in deliveries which still appears achievable. While US sales will likely dip materially in 4Q after the incentives are eliminated, this could be partially offset by a strong quarter in China. We think 4Q volume could be somewhere between 2Q and 3Q, and model 409k units, leading to just below 1.6m units for the full year. Margin-wise, we expect 4Q to decline by 100bps QoQ due to lower volume and potentially higher tariff costs. All in, this translates to $1.53 in EPS vs. current consensus at $1.74.”
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
3. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 124
Oracle Corporation (NYSE:ORCL) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 26, Bernstein analyst Mark Moerdler reiterated its Buy rating on the stock and raised its associated price target to $364.00 (from $363.00).
According to the firm, Oracle’s updated guidance reflects an increase in revenue, with expectations of $144 billion in OCI revenue by FY30. Oracle’s strategic contracts, such as the $30 billion annual deal with OpenAI Cloud, are factors anticipated to boost financial growth.
Oracle also holds the potential to expand considerably over the next 5 to 10 years. It must execute its strategies effectively to succeed, but overall the long-term prospects for investors are considerable.
Oracle’s investment appeal is further enhanced by its position as a key player in the Gen AI sector within the large-cap software market.
Oracle (ORCL $364, Outperform): After updating our long view estimates to incorporate management’s guidance, we expect Oracle’s growth to accelerate for the next few years; revenue and operating profit growth will accelerate and once growth slows FCF margins will rebound and the value created for investors will be substantial. Looking 5–10 years out, Oracle should be many times larger on most factors investors care about. While management has to execute very well, the upside opportunity for investors is substantial. We slightly tweaked our estimates and raised our P/FE multiple by 0.5x. We strongly reiterate out Outperform rating, especially for those with a longer time horizon. Oracle is now the most visible way of investing in Gen AI success within the large cap software market. That said, there could be episodes where results could deviate from our expectations, and could provide good entry points.”
Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.
2. Alibaba Group Holding Limited (NYSE:BABA)
Number of Hedge Fund Holders: 125
Alibaba Group Holding Limited (NYSE:BABA) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 25, US Tiger Securities analyst Bo Pei downgraded the stock from Buy to Hold with a price target of $180.0 (from $145.00). The downgrade reflects the firm’s belief that Alibaba’s stock has already rallied strongly and that much of the upside is already priced in.
The rally was driven by renewed investor optimism regarding the company’s AI/cloud pivot following the recent quarterly results, encouraging corporate announcements, and improved sentiment on Chinese tech stocks.
“We are downgrading Alibaba to HOLD from BUY, while lifting our price target to $180 (from $145). Our constructive view on the mid- to long-term trajectory of Alibaba’s AI, cloud, and platform investments remains intact. However, we believe much of the upside has already been priced in following the sharp recent rally, leaving shares more vulnerable to near-term downside risk. Strong rally YTD / recent momentum. BABA has staged an exceptional run in 2025, with shares up more than 100% YTD and over 40% in the past month. We attribute this outsized move to renewed investor optimism around its AI/cloud pivot following the recent quarterly results, a series of encouraging corporate announcements, and broader improvements in sentiment toward Chinese technology names. Recent catalysts driving incremental gains. Shares gained more than 8% intraday on the back of multiple positive developments. At its recent tech conference, Alibaba unveiled Qwen3-Max, a large language model with over 1 trillion parameters, positioning it more aggressively in the AI arms race. The company also disclosed plans to boost its AI spending beyond an original 380 billion yuan (~USD 53 b) commitment, signaling a more aggressive stance. A new strategic collaboration with Nvidia — to integrate Nvidia’s AI tools and support robotics development — has also been well received by the market.”
Overall, while the company’s push into cloud and AI looks promising, the firm believes that it’s better to wait for a cheaper entry point since the stock has already jumped a lot.
“We continue to see long-term value in Alibaba’s strategic shift toward AI and cloud, with potential to drive durable growth and margin expansion. However, given the sharp re-rating, the risk/reward has become less attractive in the near term. We therefore move to HOLD, preferring to await a more favorable entry point before turning more constructive again. Our estimates are unchanged.”
Alibaba Group Holding Limited (NYSE:BABA) is an internet giant that offers e-commerce services in China and internationally.
1. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 156
Apple Inc. (NASDAQ:AAPL) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 26, BofA Securities analyst Wamsi Mohan reiterated a Buy rating on the stock with a $270.00 price target. According to the firm, carrier incentives such as those offered by T-Mobile and Verizon make iPhones more affordable for customers through bundled financing options and extended payment plans.
Carriers are offering $100 more in subsidies compared to last year which offsets the iPhone 17 Pro’s higher base price of $1,099 (256GB storage) versus the iPhone 16 Pro at $999 (128GB storage).
According to T-Mobile, iPhone activations have grown by double-digits. Verizon also reported strong upgrade activity in its existing base which it believes may carry through.
“Carrier incentives allow iPhones to be more affordable as they 1) bundle iPhone financing (can make the phone itself free with eligible trade-in, under select plans) with telecom services under one monthly payment, and 2) spread out the cost of the iPhone over 24/36 months. This year, subsidies for the new iPhone 17 series are higher by $100 vs. last year to cover the iPhone 17 Pro’s higher base price (iPhone 17 Pro starts at $1,099 with 256GB storage, vs. iPhone 16 Pro at $999 with 128GB storage). As per T-Mobile mgmt., iPhone activations are up double digits (new and existing customers). Verizon mgmt. commentary also suggests strong upgrade activity in its existing base during the quarter, which we believe could carry through to the iPhone launch. Recent lead times indicate the iPhone 17 shipment times are more extended vs last year, while Pro and Pro Max are similar to last year.”
Apple is a technology company known for its consumer electronics, software, and services.
While we acknowledge the potential of AAPL 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 AAPL and that has 100x upside potential, check out our report about this cheapest AI stock.
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