We recently compiled a list of the 9 AI News and Ratings on Wall Street’s Radar. In this article, we are going to take a look at where Gen Digital Inc. (NASDAQ:GEN) stands against the other AI stocks.
AI is transforming industries by enabling machines to learn, adapt, and make decisions based on data. As nations and companies invest more in AI infrastructure, collaboration and competition are shaping the future of this technology, which is making it a significant part of global progress. On Bloomberg Technology, Anjney Midha, general partner at Andreessen Horowitz (A16Z), highlighted discussions at the Paris Summit on how AI is becoming a general-purpose technology, similar to electricity or the printing press.
Leaders like French President Emmanuel Macron and Indian Prime Minister Narendra Modi emphasized the importance of AI infrastructure to national development, while U.S. policymakers stressed maintaining competitiveness in open-source AI across allied nations. Midha explained that as AI advances, countries outside the two major “hyper centers” which are the U.S. and China, are deciding whether to build, buy, or partner for infrastructure. He noted growing collaboration between allies, especially across AI’s “infrastructure stack,” from chips to applications.
How Global Partnerships Are Shaping AI’s Future
Midha talked about France and said the country is accelerating its data center expansion while working with American companies like NVIDIA to deploy frontier AI chips. Although Europe is still behind the U.S. in infrastructure, it aims to catch up by partnering with countries that share its values. He also commented on the closing gap between open and closed AI models, as well as between U.S. and Chinese AI development, pointing to the rapid launch of cutting-edge models like DeepSeek-R1 shortly after OpenAI’s latest innovations.
Midha also acknowledged Elon Musk’s significant influence in Washington but focused on the broader reassessment of assumptions in AI, especially around open-source competitiveness. Despite increased politicization, he stressed A16Z’s firm stance on the value of open-source AI in driving technological progress and democratizing access. He also noted the firm’s broader values, which center around advancing innovation for societal benefit.
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.
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 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A close up of a computer monitor with a green padlock icon to symbolize the company’s cyber safety solutions.
Gen Digital Inc. (NASDAQ:GEN)
Number of Hedge Fund Holders: 40
Gen Digital Inc. (NASDAQ:GEN) provides cyber safety solutions offering protection for devices, identity, privacy, and online security globally.
On February 19, Gen Digital’s (NASDAQ:GEN) brand, Norton launched improved AI-powered scam protection features across its Cyber Safety products, now available in the US. The new features, including Genie Scam Protection and Genie Scam Protection Pro, offer advanced protection against scams across texts, emails, calls, and websites. Norton Genie AI analyzes word patterns to detect hidden scams and is integrated into products like Norton AntiVirus Plus and Norton 360 plans. Genie Scam Protection Pro also includes Safe Call, scam reimbursement, and Safe Email features. Norton plans to expand these features to the UK, Australia, and New Zealand and is developing future innovations for deepfake and scam detection.
Overall GEN ranks 3rd on our list of the AI stocks on Wall Street’s radar. While we acknowledge the potential of GEN 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 timeframe. If you are looking for an AI stock that is more promising than GEN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
