10 AI News You Should Not Miss

3. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Visa Inc. (NYSE:V) provides global payment solutions through transaction processing, card products, and digital services, serving merchants, financial institutions, and government entities. The company is heavily investing in AI infrastructure and also uses it to prevent fraud.

On January 24, Piper Sandler raised Visa’s (NYSE:V) price target to $368 from $322 and maintained a Buy rating, highlighting its ability to benefit from AI advancements. Analyst Arvind Ramnani emphasized Visa’s strong position due to its proprietary data, financial resources, and over $3 billion in AI and data infrastructure investments in the last decade. Visa’s AI-driven efforts to improve network security and prevent fraud have already blocked approximately $40 billion in fraud during fiscal year 2023. The company is expected to further reduce fraud through improvements to its Visa Account Attack Intelligence offering and the integration of generative AI into its systems.