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

3. Elastic N.V. (NYSE:ESTC)

Number of Hedge Fund Holders: 64

Elastic N.V. (NYSE:ESTC) is a search artificial intelligence (AI) company that delivers hosted and managed solutions designed to run in hybrid, public or private clouds and multi-cloud environments. On February 20, the company confirmed that its Elasticsearch Open Inference API integrates with Jina AI’s latest embedding models.

The integration underscores Elastic N.V.’s (NYSE:ESTC) commitment to offering generative AI solutions that enhance the development of innovative search experiences. Developers can now leverage Jina AI’s advanced AI tools to build semantic search and rapid answer general (RAG) applications at no extra cost. Over half of the Fortune 500 companies leverage Elastic’s search AI platform, which provides search, observability, and security solutions.