Top 10 High Flying AI Stocks This Week

5. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 84

Workday, Inc. (NASDAQ:WDAY) provides enterprise cloud applications that help customers plan, execute, analyze, and extend to other applications and environments to manage their business and operations. While the company has been under pressure in recent months, analysts at Guggenheim believe the tide is slowly changing. On January 13, the analysts upgraded the stock to Neutral from a Sell, buoyed by the strategic moves to stimulate growth, such as collaborating more closely with partners and targeting small to medium-sized businesses (SMBs).

Workday, Inc. (NASDAQ:WDAY) is increasingly investing in artificial intelligence capabilities. It’s also leveraging its huge troves of data to provide cloud solutions that enhance customer efficiency and product innovation. Integrating AI into offerings has been the catalyst behind the company’s strong demand for its complete suite of HR and financial management solutions. Similarly, WDAY has started working on AI-powered solutions tailored to specific sectors such as education, healthcare, and government.