We recently published a list of Top 8 AI News Updates on Wall Street’s Radar. In this article, we are going to take a look at where Braze Inc. (NASDAQ:BRZE) stands against other top AI news updates on Wall Street’s radar.
As xAI’s Grok became the top app on the Google Play Store, its owner, Elon Musk, revealed a major development at his AI startup. The wealthiest person on Earth revealed Friday that xAI had acquired X, formerly Twitter, in an all-stock transaction, valuing his social media platform X at a staggering $33 billion.
“xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent,” Musk wrote. “This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach…The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress.”
Elsewhere, OpenAI is reportedly in advanced negotiations to close a record funding round of $40 billion. The round, led by SoftBank, would value OpenAI at $300 billion, which is double compared to its valuation in October 2024. SoftBank is expected to invest $7.5 billion initially and $22.5 billion in the latter half of this year.
The AI-based humanoid robot industry also made headlines after Realbotix announced that it will showcase an advanced intelligence robot at the DiscoveryX expo in mid-April. The AI-powered humanoid robot, Aria, will demonstrate the company’s efforts to integrate AI, robotics, and human connection through direct interaction with conference attendees.
“DiscoveryX is a great event to showcase how far we’ve come in developing emotionally intelligent, interactive AI,” said Realbotix CEO Andrew Kiguel. “Aria isn’t just a robot – she’s a glimpse into the future of personalized, human-centric technology.”
According to a Goldman Sachs report led by research analyst Jacqueline Du, the total addressable market for humanoid robots could reach $38 billion by 2035, which is over six times higher than a previous estimate of $6 billion.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of the number of hedge funds that hold stakes in them, as of Q4 2024.
Why are we interested in 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 web developer hunched over their laptop coding a customer engagement platform.
Braze Inc. (NASDAQ:BRZE)
Number of Hedge Fund Holders: 31
Braze Inc. (NASDAQ:BRZE) offers a customer engagement platform that enables marketers to gather, analyze, and take appropriate action on vast amounts of data to improve customer engagement in real time. The company’s services include cross-channel messaging, journey orchestration, and AI-powered experimentation and optimization to improve brand loyalty and promote business growth.
On March 27th, Braze Inc. (NASDAQ:BRZE) said it narrowed its Q4 losses from a year earlier to $0.17 per diluted share as revenue increased 22.5% YoY to $160.4 million on new customers, renewals, and advancements in AI agentic innovation through the acquisition of an AI decisioning company called OfferFit. The company set the fiscal year 2026 revenue outlook between $686 million and $691 million.
“Fiscal 2025 was a milestone year for Braze that reinforced our position as the leading Customer Engagement platform through robust customer growth and continued advancements in our product, including meaningful new investments in AI and machine learning. We grew revenue 26% while continuing to drive strong operating leverage, ending the year with three straight quarters of non-GAAP net income profitability. And today, we are also pleased to announce our intent to acquire OfferFit, a sophisticated AI decisioning company focused on deploying reinforcement learning that recommends individualized cross-channel customer journeys at scale. We look forward to bringing our complementary products and teams together to drive the evolution of Customer Engagement.”
-said Bill Magnuson, Cofounder and CEO of Braze.
Overall, BRZE ranks 6th on our list of top AI news updates on Wall Street’s radar. While we acknowledge the potential of BRZE as an investment, our conviction lies in the belief that 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 BRZE 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. This article is originally published at Insider Monkey.
