10 High-Flying AI Stocks This Week

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

Number of Hedge Fund Holders: 48

Booz Allen Hamilton Holding Corporation (NYSE:BAH) is a technology company that provides management and technology consulting, analytics, engineering, and digital solutions and delivers solutions for America’s critical defence, civil and national security priorities. It focuses on AI, cyber, and other cutting-edge technologies. On March 18, the company inked a strategic collaboration with Shield AI to deliver a new era of artificial intelligence-enabled software-defined and autonomous solutions.

The partnership paves the way for the merger of Booz Allen Hamilton Holding Corporation’s (NYSE:BAH) deep mission engineering expertise with Shield AI’s Hivemind Enterprise platform. The ultimate goal is to build AI-powered solutions for the US Department of Defense. The collaboration is also expected to accelerate the development and integration of advanced AI control systems and autonomy. The AI capabilities that come into being as a result of the collaboration should give the armed forces an edge over adversaries.

“Our adversaries are evolving faster than ever, and Booz Allen is building, scaling and investing in autonomous systems to redefine how America fights and wins,” said Steve Escaravage, president of Booz Allen’s Defense Technology Group. “Shield AI is pioneering AI-powered autonomy, and this partnership catalyzes the capabilities of both teams to support our nation’s no-fail missions.”