Top 10 AI Stocks to Watch Ahead of Potential Market Correction

4. Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Number of Hedge Fund Holders: 32

Booz Allen Hamilton Holding Corporation (NYSE:BAH) provides management and technology consulting, analytics, engineering, and digital solutions. On January 8, TD Cowen analysts reiterated the stock’s buy rating but cut the price target to $155 from $200. The buy rating comes amid growing expectations that the company is poised to benefit from AI-driven solutions. Last year, the company completed a strategic investment in cybersecurity firm Reality Defender, strengthening its AI and cybersecurity portfolio.

The investment paves the way for the company to identify, field, and deploy dual-use technologies for good. The two companies plan to come up with solutions to counter AI-driven threats and secure communications. Since 2022, Booz Allen Hamilton Holding Corporation (NYSE:BAH) has carried out a string of AI-related investments, including Credo AI, HiddenLayer, RAIC Labs and Starfish, as part of its $100 million venture capital.