Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness

8. Tesla Inc. (NASDAQ:TSLA)

AQR Capital Management Equity Stakes: $445.38 Million

Number of Hedge Fund Holders: 126

Tesla Inc. (NASDAQ:TSLA) is an auto manufacturer accelerating the world’s transition to sustainable energy by designing and manufacturing electric vehicles (EVs). It also deals in solar energy products and battery storage solutions. The company also increasingly invests in artificial intelligence to enhance its autonomous driving solutions, robotics, and related technologies.

Tesla Inc. (NASDAQ:TSLA) is debuting an autonomous ride-sharing robotaxi in Austin as part of its AI integration. It also plans to build 10,000 Optimus humanoid robots as it looks to tap the $73 billion by 2029 opportunity in the robotics industry. Nevertheless, the company has been under immense pressure owing to Elon Musk’s alignment with President Donald Trump in the current administration.

However, Musk has the potential to use his political influence to ease tensions in China, one of Tesla’s most important markets. Last year, the company sold more than 675,000 units in China, affirming why it is one of its most important markets. Revenue in Q4 2024 rose by 2% to $27.5 billion, and non-GAAP earnings improved by just 3% to $0.73 per diluted share. Tesla Inc.’s (NASDAQ:TSLA) energy generation and storage business sector had a 67% year-over-year increase in revenue, driven by a strong increase in sales of its energy storage solutions for homes and utilities.