Top 10 AI Stocks Making Headlines on Wall Street

8. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 107

Alibaba Group Holding Limited (NYSE:BABA) is an internet giant that offers e-commerce services in China and internationally. On May 14, Morgan Stanley reiterated the stock as overweight with a $180 target. The firm deemed the stock a “catalyst-driven idea” heading into earnings on May 15.

“We think Alibaba will benefit from the robust China AI inference demand, being the AI enabler (cloud) and adopter. We believe upcoming cloud revenue growth will be the next share price catalyst.”