Top 10 Trending AI Stocks on Wall Street

4. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 56

International Business Machines Corporation (NYSE:IBM) is a multinational technology company that offers consulting services and a suite of AI software products. On January 23, JPMorgan Brian Essex raised the firm’s price target on IBM to $233 from $227 and kept a “Hold” rating on the shares. The firm expects strong performance from IBM’s AI and software segments, which will hopefully perform well in the upcoming quarter. This strong momentum, however, may be offset by weakness in the Consulting and Infrastructure divisions. Despite challenges with the company, its stock’s valuation reflects confidence for the growth potential of IBM’s Software business as well as growing demand for its AI platform. Even then, broader strength is needed across its segments for further gains.