10 AI Stocks Making Waves on Wall Street

6. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. On February 28, Tom Narayan from RBC Capital maintained a “Buy” rating on the stock with a price target of $440.00.

Narayan maintained a buy on the stock despite the stock plunge on Tuesday, February 25^th, which pushed the company’s market cap below $1 trillion. The plunge followed a report from Reuters stating how the company’s long-awaited upgrade to its partially automated driving systems has disappointed owners. There are also concerns regarding the potential over-investment in artificial intelligence weighing in on the stock, as well as the frustration over how little time Musk is putting in his companies over the White House.

“He’s a very hands-on operator, and if you’re spending that much time in an office in the White House, how much time are you spending running all of your other companies, including the one that’s publicly traded?”

-Art Hogan, chief market strategist at B. Riley Wealth in Boston.