In this article, we discuss 14 AI news and ratings making waves on Wall Street.
According to a Fortune Business Insights report, the global data center market, valued at $242.72 billion in 2024, is expected to grow to $585 billion by 2032, at a compound annual growth rate of 11.7%. North America led the market in 2024, holding a nearly 39% share.
According to the report, generative AI is significantly impacting the sector, as its deep learning models require substantial computing power, scalable storage, and high-performance infrastructure. The market is also shifting towards hybrid and multi-cloud strategies, enabling organizations to integrate public, private, and on-premise solutions efficiently. Additionally, modular data centers are gaining traction due to their cost-effectiveness, scalability, and faster deployment compared to traditional facilities, the report stated.
Meeting AI Demand with Scalable and Sustainable Data Centers
The expansion of AI infrastructure through large-scale data center investments reflects the growing need for computational power. Companies are securing energy sources and developing specialized facilities to address scalability, sustainability, and efficiency challenges. For example, Related Companies is advancing into AI-driven data center development through its new division, Related Digital, using its expertise in renewable energy to meet rising demand from major tech firms.
In an interview at CNBC’s ‘Squawk on the Street,’ CEO Jeff Blau highlighted the company’s strategic move to assemble a specialized team to lead these projects. To support the growth, Related has secured sites with over five gigawatts of power across the U.S., investing $500 million of its own capital while planning to raise an additional $8 billion. With firms like Microsoft and Alphabet significantly increasing their capital expenditures, demand from hyperscalers remains strong. To mitigate risk, Related is securing long-term, 15-year commitments from tenants before beginning construction. Given the limited availability of power on the grid, Blau sees the company’s early investment in securing capacity as a major competitive advantage in the fast-evolving AI infrastructure landscape.
For this article, we selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s Q4 database of over 1000 hedge funds.
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).
A robotic arm holding a semiconductor chip, emphasizing the precision and quality of the company’s production equipment.
14. Rezolve AI Limited (NASDAQ:RZLV)
Number of Hedge Fund Holders: 5
Rezolve AI Limited (NASDAQ:RZLV) offers AI-driven commerce solutions that help businesses engage consumers across various locations and devices.
On March 26, Rezolve AI announced that it completed its acquisition of GroupBy, a commerce search and product discovery platform driving over $30 billion in annual sales. The move strengthens Rezolve AI’s position in AI-driven commerce, site search, and digital engagement. By integrating GroupBy’s technology, Rezolve AI aims to improve personalized shopping experiences and optimize operational efficiency. CEO Daniel M. Wagner highlighted the acquisition as a major milestone, emphasizing GroupBy’s established success and the potential to reshape digital commerce. The deal is expected to accelerate innovation and provide merchants with advanced AI-powered solutions for increased revenue and customer satisfaction.
13. Domo, Inc. (NASDAQ:DOMO)
Number of Hedge Fund Holders: 18
Domo, Inc. (NASDAQ:DOMO) provides a cloud-based business intelligence platform that connects employees with real-time data across multiple devices.
On March 27, Domo announced its partnership with Human Capital Vue, a provider of human capital management data solutions and a UKG partner, to improve HR analytics through Domo’s data and AI platform. The collaboration helps HR teams integrate data from multiple systems, improving efficiency and decision-making. Traditional data management methods often create security risks and inefficiencies, but Domo’s platform consolidates and secures data while enabling real-time insights. Clients previously spent up to 18 months developing HR dashboards, but with Domo, full organizational visibility is achieved in weeks. The partnership allows HR leaders to access key workforce metrics, optimize resources, and improve employee retention insights.
12. Aurora Innovation, Inc. (NASDAQ:AUR)
Number of Hedge Fund Holders: 27
Aurora Innovation, Inc. (NASDAQ:AUR) is a self-driving technology platform integrating hardware, software, and data services.
On March 27, Oppenheimer initiated coverage on Aurora with an Outperform rating and a $15 price target. Analyst Colin Rusch sees Aurora as a leading player in autonomous trucking, highlighting its advanced 4D-Lidar and simulation technology within a broader AI strategy. He noted the company’s steady progress toward driver-out validation, emphasizing its strong partnerships and relatively low competition.