10 Trending AI Stocks on Wall Street’s Radar

7. Palo Alto Networks, Inc. (NASDAQ:PANW)

Number of Hedge Fund Holders: 64

Palo Alto Networks, Inc. (NASDAQ:PANW), a leader in cybersecurity solutions, is pursuing growth opportunities around securing systems against quantum-enabled attacks. On January 22nd, the company released Quantum Random Number Generator (QRNG) Open API framework. The solution seeks to empower organizations to protect their systems against quantum security threats.

Developed in partnership with six innovators, QRNG affirms the convergence of artificial intelligence, machine learning and deep learning in quantum computing. The technology uses principles of quantum mechanics to create secure cryptographic keys, therefore helping global organizations prepare for quantum computing technology. On January 22nd, Bank of America reiterated that Palo Alto Networks, Inc. (NASDAQ:PANW) is well positioned to benefit from the robust growth being experienced in the global firewall market owing to its leadership with a 28.1% market share.