35 Trending AI Stocks on Latest News and Analyst Ratings

Page 5 of 35

31. Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Number of Hedge Fund Holders: 19 

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) provides artificial intelligence-based weapons detection solutions for security screening in the United States and internationally. The shares of the firm are on a downward spiral after reports in the US media, published by New York Daily News, indicated that the New York Department of Investigation was probing allegations of improper deployment of a weapons detection system in the New York City subway system by Mayor Eric Adams. The weapons detection system in question is made by Evolv. The firm claims that with the help of advanced sensor technology and AI, the system can detect weapons much faster than traditional metal detectors. The company has been testing this system in New York over the past few months, with mixed results.

Page 5 of 35