Top 11 AI News Updates on Wall Street’s Radar

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1. Workday Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 89

Workday Inc. (NASDAQ:WDAY) is a technology company that provides cloud-based applications for financial management, human resources, planning, and analytics, designed to help organizations manage their people, finances, and operations more effectively. It also offers AI-powered solutions for HR and finance, such as skills matching, intelligent process automation, and data analytics. On March 19, the company announced 350 product features and updates across its Workday platform.

The updates are designed to streamline business workflows and help customers navigate the future of work. The AI-powered Talent Rediscovery feature will empower recruiters and hiring teams to discover valuable talent and accelerate hiring while reducing costs.

“Workday’s spring 2025 release is directly shaped by feedback from our customers,” said David Somers, chief product officer of Workday. “We are delivering new features and solutions that simplify work, leverage AI to enhance and accelerate HR and finance processes, and empower our customers to focus on what matters most.”

While we acknowledge the potential of Workday Inc. (NASDAQ:WDAY) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WDAY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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