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Top 10 AI Stocks Making Headlines on Wall Street

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US President Donald Trump is strengthening global ties aimed at long-term cooperation. In its latest, he has announced Saudi Arabia’s $600-billion commitment to invest in the United States on the first day of a four-day tour of the Gulf, paving the way for a series of business deals. These deals aim to strengthen the U.S.’s energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals.

READ ALSO: 9 AI Stocks Poised to Gain from Trump’s Middle East AI Push and 10 AI Stocks Making Moves This Week.

Only recently, the Department of Commerce announced that it was going to rescind President Joe Biden’s rule regarding AI chip exports and implement a “much simpler rule” instead. Fast-forward to Trump’s tour of the Gulf beginning Tuesday, global political and business leaders gathered in Riyadh to discuss topics such as the artificial intelligence boom and global trade.

The elimination of Biden’s rule made sense when a White House official made remarks about how the United States does not need to block the global spread of its AI chips and technology to control national security risks — comments that were made to reflect on the flexible approach being adopted by the US toward sharing advanced technology to trusted allies such as Saudi Arabia.

As evident, President Donald Trump met with Saudi Crown Prince Mohammed bin Salman and several deals were announced between the two countries, with Saudi Arabia benefiting from deals with top tech firms to advance artificial intelligence in the Kingdom. While Saudi Arabia is investing $600 billion in the U.S, the White House also publicized a nearly $142 billion deal to provide the Kingdom with weapons and services from U.S. defense firms.

Nvidia CEO Jensen Huang announced a deal to provide Saudi Arabia with its high-end AI Blackwell chips, amongst deals made by other notable firms such as AMD, Uber, Cisco, and Amazon. Some notable attendees besides Huang included Elon Musk, Andy Jassy, Sam Altman, President Ruth Porat, Arvind Krishna, Alex Karp, and Cristiano Amon.

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 Q4 2024.

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).

10. Super Micro Computer Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 45

Super Micro Computer, Inc. (NASDAQ:SMCI) designs and manufactures high-performance server and storage solutions for data centers, cloud computing. On May 14, leading Saudi Arabian data center company DataVolt announced the signing of a multi-year partnership agreement with Super Micro Computer Inc. (Supermicro). The $20 billion deal marks a major milestone for artificial intelligence and data center solutions, enabling the fast-track delivery of ultra-dense GPU platforms and rack systems for DataVolt’s hyperscale AI campuses in both the Kingdom of Saudi Arabia and the US.

“We are excited to partner with DataVolt and continue expanding our manufacturing efforts in the United States. By working together, we will bring cutting-edge AI and compute infrastructure, enabling the Kingdom’s vision of becoming a global hub for technology and innovation.”

-Charles Liang, President and CEO of Supermicro.

9. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. On May 14, Bank of America reiterated Nvidia & Advanced Micro Devices as “Buy” and raised its price target on both stocks.

“We reiterate Buy, raise NVDA PO to $160 from $150 and AMD PO to $130 from $120 on upside to long-term AI opportunity.”

The ratings have been issued after the companies announced multi-year AI infrastructure projects with Saudi Arabian AI startup HUMAIN. The firm believes the project is likely to be around $3B-$5B annually, and that “Sovereign AI” can help deal with the challenges of limited power availability for data centers in the U.S. It may also reduce the impact of export restrictions on US companies shipping to China, the firm noted.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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