10 Trending AI Stocks on Wall Street’s Radar

4. Eaton Corporation plc (NYSE:ETN)

Number of Hedge Fund Holders: 90

Eaton Corporation plc (NYSE:ETN) is a global power management company offering electrical, aerospace, vehicle, and eMobility solutions. On January 31, Reuters reported that the company had forecast 2025 adjusted profit above Wall Street estimates. This is because it expects demand for electrical equipment to remain strong due to an AI-related data center boom. With companies racing to develop and adopt artificial intelligence, the demand for these data centers has risen dramatically. According to data compiled by LSEG, the company expects 2025 profit between $11.80 and $12.20 per share, with the mid-point higher than analysts’ estimates of $11.95 per share. Even amidst the DeepSeek frenzy, it is now being said that cheaper AI would mean it would be used in more AI applications. This would eventually translate to more energy needed to power AI data centers, AI-trained robots, electric vehicles, and more.

“Any notion [the data center] market will slow down is simply not consistent with the data”.

– CEO Craig Arnold on Eaton’s earnings conference call.