Top 10 AI Stocks on Wall Street’s Radar

4. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

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 January 3rd, Evercore ISI reiterated Tesla as “In Line” and raised its price target on the stock to $275 per share from $195. The firm asserted that Tesla is a Trump beneficiary. The analyst’s comments further suggested that a Trump presidency is going to be beneficial for industries like autonomous vehicles and artificial intelligence. Since Tesla is a leader in these fields, it could be subject to reduced regulatory scrutiny, paving the way for faster advancement for the company and the sector at large.  In particular, Elon Musk’s close ties with the incoming White House administration and friendship with Donald Trump are going to bode well for the company.

“DJT presidency may lead to lower regulatory risk for AV/AI [autonomous vehicle/artificial intelligence] in general and thus quicker commercialization for the industry”.

The analyst noted that the call option basket has risen to $900 billion and the market is pricing in a 50% chance of success.