Top 10 AI Stocks to Watch Amid US-China AI War

6. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 47

Okta Inc. (NASDAQ:OKTA) is a software infrastructure company offering products and services to manage and secure identities. It provides a Single Sign-On that enables users to access applications in the cloud or on-premises from various devices. The company has been integrating AI-driven features into a suite of customer identity solutions to strengthen its competitive edge.

Likewise, on February 5th, Needham analyst Mike Cikos took note of the company’s growth metrics amid the AI integration. The analyst reiterated a buy rating on the stock with a $115 price target. Okta Inc. (NASDAQ:OKTA) has emerged as a key player in the security sector owing to its identity governance and privileged access management products. Its Customer Identity and Access Management division could see accelerated growth amid growing concerns that generative AI could result in more sophisticated phishing attacks.