35 Trending AI Stocks on Latest News and Analyst Ratings

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24. Cognex Corporation (NASDAQ:CGNX)

Number of Hedge Fund Holders: 31

Cognex Corporation (NASDAQ:CGNX) delivers machine vision products designed to capture and analyze visual data, automating manufacturing and distribution processes globally. Robert Willett, the CEO of Cognex Corporation (NASDAQ:CGNX), said during the second quarter earnings call that the company expected growth in semis as well as memory as AI made customers invest in chips and related offerings for growth in the latest tech domain. The company leads in AI integration for machine vision products, having launched the Insight L38, the world’s first AI-enabled 3D industrial vision system. According to the company, this system has already gained twice the customer interest compared to its predecessor. They also offer AI-enhanced modular tunnel vision systems and barcode readers.

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