Top 10 AI Stocks on the Move and on Analysts’ Radar

8. Innodata (NASDAQ:INOD)

Number of Hedge Fund Holders: 15

Innodata (NASDAQ:INOD) is a global data engineering company that provides artificial intelligence (AI) data preparation services. It offers services such as data collection, data annotation, and data transformation. It also helps businesses use AI to automate operations. The company delivered solid fourth quarter and full year 2024 results on February 20, which affirms its transformation into a leading AI services provider. Its revenue in the quarter was up 127% year over year to $59.2 million, as net income came in at $10.3 million or $0.34 per basic share.

The robust revenue growth came as the company grew aggregate revenues from seven big tech customers, affirming strong demand for AI-powered solutions. Increased growth from the big tech customers is expected to support robust growth in 2025. Additionally, Innodata (NASDAQ:INOD) is well positioned to benefit from the AI-driven capital expenditure among the magnificent seven companies amid the AI boom and innovation in hardware optimization. Innodata is projecting revenue growth of at least 40% in 2025 due to a strong uptake of AI-powered solutions and services.