Top 10 AI Stocks on Wall Street’s Radar

4. TE Connectivity plc (NYSE:TEL)

Number of Hedge Fund Holders: 44

TE Connectivity plc (NYSE:TEL) manufactures and sells connectivity and sensor solutions that are critical for building and operating AI infrastructure. On January 18, BofA lowered the firm’s price target on TE Connectivity (TEL) to $167 from $171 and kept a “Buy” rating on the shares. According to the firm, currency headwinds have led the firm to anticipate TE’s fiscal Q1 results to fall below guidance. The firm also expects that the company’s Q2 revenue will be boosted by artificial intelligence. However, it may be offset by factors such as weaker auto production, persistent weakness in the industrial end and market, and unfavorable currency moves. The firm still expects Q2 earnings per share guidance of $1.90, below the Street’s $1.99 estimate. Even though the auto production backdrop may be weak, the company is still expected to deliver solid overall profitability and growth.