Here are the top AI-related stories that are on Wall Street investors’ radar this week.
After jolting global markets in late January, China looks set to spark another whirlwind with the launch of an artificial intelligence model that could rival the capabilities of those already offered by leading industry players.
Last week, Chinese developer Monica.im launched “Manus,” a “general AI agent” that matches the features of OpenAI’s Deep Research. Monica.im claims that Manus can take over tasks as common as creating a travel itinerary or scheduling a client interview, as well as complex ones such as analyzing a particular stock or developing an online store operation analysis. It also said Manus achieved new state-of-the-art performance across all three difficulty levels on GAIA, a benchmark for general AI assistants.
American startups have toppled capital raising activities seen in the post-pandemic peak in 2021, with capital markets paying a particular focus on fledgling private tech companies specializing in artificial intelligence.
Data from PitchBook shows that capital markets have poured over $30 billion into US-based private tech startups in the first quarter of 2025. This is on top of the roughly $50 billion that is underway for several major deals that include OpenAI and Safe Superintelligence, among others.
Electronic products maker Foxconn unveiled on March 10 its first large language model — called FoxBrain — aimed at enhancing its supply chain management. Developed by the company’s in-house team, the model is equipped with reasoning capabilities and functions such as code generation, mathematics, and data analytics. Foxconn trained FoxBrain in only four weeks, utilizing its extensive datasets and industry-specific knowledge to optimize the model’s performance in logistical applications.
Facing another hurdle to its AI push, Apple is reportedly delaying its updates to Siri to 2026 amid challenges in developing certain features and enhancements, Bloomberg News said on March 7. The delay highlights internal conflict within the tech giant’s AI division. The group’s software chief, Craig Federighi, and other bosses, had earlier flagged concerns over features that did not meet expectations during the testing period.
Looking for more? In this article, we have compiled the 10 biggest news within the AI space by scouring company filings, press releases, and third-party reports to bring you the top market-moving stories within the industry.
At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Photo by Maximalfocus on Unsplash
10. BlackSky Technology Inc. (NYSE:BKSY)
Number of Hedge Fund Holders: 10
BlackSky Technology Inc. (NYSE:BKSY) is an Earth observation company that adopts a space-based intelligence platform to provide satellite imagery, analytics services, and sophisticated monitoring.
On March 6, BlackSky Technology Inc. (NYSE:BKSY) said in a filing that its net loss narrowed to $57.0 million for 2024 from $53.9 million in the year-ago period. Total revenue climbed to $102.1 million from $94.5 million a year ago. The company looks upbeat on its outlook as it forecasts a 30% year-on-year surge in total revenue for 2025. Its earnings results come on the heels of the release of the first images from its first Gen-3 satellite. BlackSky CEO Brian E. O’Toole said the outcome surpassed customer expectations, with the images taken only five days after the satellite’s launch.
“The addition of very-high resolution imagery to our high-frequency monitoring constellation enables us to deliver AI-derived insights at the speed of conflict, providing our customers with advanced space-based intelligence solutions,” O’Toole said in a March 6 release.
9. Bit Digital, Inc. (NASDAQ:BTBT)
Number of Hedge Fund Holders: 14
Bit Digital, Inc. (NASDAQ:BTBT) is a New York-based technology company offering a platform for high-performance computing infrastructure and digital asset production.
On March 7, the company said it will release its full-year 2024 financial results before the market opens on March 14. The current Wall Street consensus estimate is for a fourth-quarter loss of $0.03 per diluted share, compared with a loss of $0.02 per diluted share in the year-ago period. During the past year, the company invested heavily in its Bit Digital AI business, which it targets to achieve $100 million in run-rate AI revenue by year-end 2024.
8. Box Inc. (NYSE:BOX)
Number of Hedge Fund Holders: 39
Box Inc (NYSE:BOX) is a cloud-based content management software developer. Its products enable customers and businesses to store and manage online files through any device for remote collaboration. As part of its AI suite, the company’s Box AI promises “enterprise-grade security, compliance and privacy standards” for intelligent content generation and insights.
On March 6, the company reported a record GAAP gross profit of $862.0 million for fiscal 2025, up from $777.1 million in the prior fiscal year. GAAP diluted EPS was $1.36, compared with $0.67 a year ago. This included an impact of $0.14 per share from unfavorable foreign exchange rates. Revenue went up 5% year on year to $1.09 billion, or by 7% on a constant-currency basis.
For full fiscal 2026, the company expects revenue of between $1.155 billion and $1.160 billion, representing a 6% year-on-year rise. GAAP net income per share attributable to common stockholders is expected to be in the range of $0.10 to $0.14. This includes an expected negative impact of $0.19 from the recognition of non-cash deferred tax expenses.
On March 4, the cloud-storage company also greenlighted a further $150 million share repurchase plan, following a $100 million boost in August 2024.
7. Baidu Inc. (NASDAQ:BIDU)
Number of Hedge Fund Holders: 50
Established in 2000, Baidu Inc. (NASDAQ:BIDU) is a multinational technology company that operates the biggest search engine platform in China. The nearly 33-billion-dollar company is known for a host of Internet services such as music streaming, maps, translation, and e-commerce. But central to its market positioning is its status as one of the first movers in AI, encompassing an intricate infrastructure made up of AI chips, deep learning framework, and core AI capabilities.
On March 5, Baidu disclosed the pricing of its CNY10 billion senior unsecured notes offered via offshore transactions outside the US. The offer consists of CNY7.5 billion notes due 2030 with an interest of 2.70%, and CNY2.5 billion notes due 2035, bearing a 3% interest, according to a regulatory filing. The capital raise is expected to close by March 12. Baidu said it will use pooled funds for general corporate purposes. The notes are expected to be listed on the Hong Kong Stock Exchange. Baidu’s analyst rating consensus is a “Moderate Buy” based on the ratings of 15 Wall Street analysts.
6. Cameco Corp (NYSE:CCJ)
Number of Hedge Fund Holders: 65
Headquartered in Canada, Cameco Corp (NYSE:CCJ) is one of the largest listed uranium companies in the world. In recent years, the company has benefited from increased demand for uranium as AI tech players turn to nuclear power to support their massive data-center infrastructure.
Recently, SBI Securities upped its stake in the basic materials company, purchasing 12,358 shares for roughly $635,000. This follows a slew of hedge funds boosting their position in the company, including Dantai Capital, Roberts Wealth Advisors, Whalen Wealth Management, Sprott Inc, and iA Global Asset Management, according to separate regulatory filings.
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.
4. Datadog Inc (NASDAQ:DDOG)
Number of Hedge Fund Holders: 83
Datadog Inc (NASDAQ:DDOG) is a software-as-a-service platform designed for cloud applications. Industries use Datadog’s technology for cloud migration, collaboration, other market applications such as user behavior insights and business metrics monitoring.
According to a March 7 filing, Datadog Chief Executive Officer Olivier Pomel sold 107,365 Class A common shares in the company, with an aggregate market value of nearly $12 million. Following the transaction, Pomel now holds nearly 317.3 million shares in the company. Records also show that the CEO has been offloading Class A common stocks in the company over the past three months, including its disposal last Dec. 9, 2024, which fetched more than $15 million.
3. Alibaba Group Holding Limited (NYSE:BABA)
Number of Hedge Fund Holders: 107
Alibaba Group Holding Limited (NYSE:BABA) began as a retail and e-commerce platform and gradually morphed into a technology titan that provides infrastructure solutions to businesses and consumers.
On March 6, the Jack Ma-owned company rolled out its AI reasoning model packed with capabilities that it claims can rival those of OpenAI and DeepSeek. Called “Qianwen QwQ-32B,” the model can “almost completely [surpass] OpenAI-o1-mini and [is] on par with the strongest open source reasoning model DeepSeek-R1,” Alibaba said in a statement, citing a series of benchmark tests.
“Qianwen QwQ-32B can not only provide extremely strong reasoning capabilities, but also meet lower resource consumption requirements. It is very suitable for application scenarios with rapid response or high data security requirements. Developers and enterprises can easily deploy it to local devices on consumer-grade hardware to further create highly customized AI solutions,” Alibaba added. QwQ-32B is expected to be available via Alibaba’s Large Language Model app, Tongyi.
2. ServiceNow Inc. (NYSE: NOW)
Number of Hedge Fund Holders: 110
Founded in 2003, ServiceNow Inc. (NYSE:NOW) automates business workflows through cloud computing. Its product suite includes customer service management, HR service delivery, IT service management, and app engine low-code workflow apps.
According to a Bloomberg News report on March 10, the company is close to acquiring California-based AI company Moveworks, a deal that could become the company’s largest acquisition to date. A formal offer could be made public “as soon as the coming days,” with talks already at an advanced stage, people familiar with the matter told Bloomberg News. If negotiations proceed, the deal would value Moveworks at nearly $3 billion.
1. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders: 117
Tech behemoth Adobe Inc. (NASDAQ:ADBE) offers a host of tools for web design, photo editing, vector graphics, video/audio production, and mobile app development. Its flagship products are Adobe Photoshop, Illustrator, Acrobat Reader, and other applications for creating multimedia content.
Adobe Journey Optimizer (AJO), the company’s scalable app within the Adobe Experience Platform, is slated to debut its integration into TransPerfect’s GlobalLink solution at the Adobe Summit on March 17. AJO is designed to customize marketing campaigns across various channels such as mobile app, website, email, and in-person. The revamped solution is said to be the first time that an enterprise translation management technology would be integrated into Adobe’s scalable interface.
While we acknowledge the potential of ADBE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ADBE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
