10 Trending AI Stocks on Wall Street’s Radar

5. Blackstone Inc. (NYSE:BX)

Number of Hedge Fund Holders: 67

Founded in 1985, Blackstone Inc. (NYSE:BX) is the world’s largest alternative asset manager. It has over $1 trillion assets under management spread across various sectors including technology, infrastructure, and financial services.

At a conference in Sydney, Chief Executive Steve Schwarzman said the asset manager is ready to invest more in data center specialist AirTrunk, according to a Bloomberg report published on March 4. Blackstone acquired AirTrunk in September 2024 in a AU$24 billion megadeal. Demand for data centers has spiked in recent years as the rise in AI requires robust computational power and massive storage capabilities.