10 AI News Taking Wall Street by Storm

7. Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Number of Hedge Fund Holders: 32

Booz Allen Hamilton Holding Corporation (NYSE:BAH) is a military-defense-focused AI stock and the leading provider of artificial intelligence (AI) services to the US government. On December 6, Booz Allen Hamilton (NYSE: BAH) and Palantir Technologies jointly announced a revolutionary co-creation partnership that aims to accelerate defense mission innovation and assist the US in combating its adversaries. The two leading companies will be collaborating to address the need for urgent, ready-to-use solutions that can help the US and its allies in a challenging global security landscape. The two critical components of the partnership include modernizing information infrastructure and boosting integrated warfighting operations with allies.

“America is facing the most challenging national security environment in half a century, and we need to move faster to address these challenges. Combatting our adversaries requires change—starting with activating a whole-of-nation approach that accelerates results, pushes boundaries, and disrupts long-standing barriers. We have seen the positive results of embracing this type of change already,” continued Rozanski. “By working together, Alex and I are creating new mission capabilities that leverage Palantir’s and Booz Allen’s unique technologies and expertise to close mission gaps at the speed of now. Our joint team created a prototype in only 45 days.”

-Horacio Rozanski, chairman, CEO, and president of Booz Allen.