Top 10 AI Stocks on Investors’ Radar

5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. On March 21, Morgan Stanley lowered the firm’s price target on the stock to $410 from $430 and kept an “Overweight” rating on the shares.

The analyst told investors in a research note that even though Tesla deliveries have been mostly lower than expected, it doesn’t change the firm’s investment thesis. These softer deliveries are suggestive that the company is transitioning from an automotive “pure play” to a highly diversified play on AI and robotics.

“We reiterate our view that while Tesla’s YTD auto deliveries have been mostly below expectations, it is not particularly narrative changing for our investment thesis.”