10 AI Stocks with Massive Growth Potential

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 February 25, Bernstein upgraded the stock to “Outperform” from Market Perform with a price target of $165, up from $104. The firm stated that it has “AI optimism and beyond” for the China e-commerce company.

“While last week felt like a local maximum for AI sentiment, the combination of more gainful capital allocation, a better industry structure for AI than legacy cloud, and possible spill-over effects of an AI capex boom in China makes us feel Alibaba’s earnings could now be on a more upwardly-pointing trajectory.”