20 Under The Radar AI Stocks

Page 6 of 6

1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 95 

Walmart Inc. (NYSE:WMT) engages in the operation of retail, wholesale, and other units worldwide. The company is not the first name that pops into mind when investors think of generative AI, yet the retailer has been using GenAI to improve customer experiences and manage inventory more effectively. The company, during the latest earnings call, highlighted that it had deployed multiple large language models (LLMs) to improve over 850 million pieces of data associated with the product catalog. This task is worth mentioning because it would have required nearly 100 times the current headcount if it had to be completed in the same amount of time manually.

With the help of AI, Walmart Inc. (NYSE:WMT) has also improved the cross-category search in the ecommerce side of the business, helping the firm improve impulse buy numbers. In addition, reports indicate that the retailer is working on the deployment of a new virtual assistant in the online store that would be trained to answer questions using natural language. With the defensive weight the stock carries, there are few better investments in the AI universe.

While we acknowledge the potential of Walmart Inc. (NYSE:WMT) 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 timeframe. If you are looking for an AI stock that is more promising than Walmart Inc. (NYSE:WMT) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Michael Burry Is Selling These Stocks and Jim Cramer is Recommending These Stocks.

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. You can also look at the 13 High Growth Semiconductor Stocks That Are Profitable in 2024 and the 11 Best AI Penny Stocks to Invest in Now.

Page 6 of 6