As the global AI race heats up with rapid developments in Asia, led by China, the UK government is attempting to strengthen its relationship with the US, with AI at the forefront of the transatlantic collaboration. The UK Prime Minister confirmed during a visit to the White House in February that the nations are working on a new economic plan focusing on advanced technologies.
Meanwhile, US Vice President J.D. Vance said on March 18th that freeing AI from regulation is beneficial for American workers and tech innovators.
“I think there’s too much fear that AI will simply replace jobs rather than augmenting so many of the things that we do now,” said Vance at the Andreessen Horowitz American Dynamism Summit in Washington, D.C.
Although he acknowledged that AI could lead to the displacement of jobs, the vice president highlighted that historical evidence shows that innovation helps create higher-paying jobs.
Elsewhere, OpenAI described DeepSeek as state-controlled in a new policy proposal. It urged the US government to consider banning models from the outfit, claiming potential security risks due to its possible connection with the People’s Republic of China (PRC). OpenAI had previously accused DeepSeek of “distilling” knowledge from OpenAI’s models in violation of its terms of service.
“We’re not advocating for restrictions on people using models like DeepSeek. What we’re proposing are changes to U.S. export rules that would allow additional countries to access U.S. compute on the condition that their datacenters don’t rely on PRC technology that present[s] security risks — instead of restricting their access to chips based on the assumption that they will divert technology to the PRC. The goal is more compute and more AI for more countries and more people.”
-said OpenAI spokesperson Liz Bourgeois.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s Q4 2024 database of over 1000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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8. Viavi Solutions Inc. (NASDAQ:VIAV)
Number of Hedge Fund Holders: 28
Viavi Solutions Inc. (NASDAQ:VIAV) provides AI-powered network testing, monitoring, and assurance solutions to improve network performance and reliability in the cloud, telecommunications, enterprises, military, and aerospace industries. The company also supplies light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, and automotive sectors.
On March 20th, Viavi Solutions Inc. (NASDAQ:VIAV) announced it would showcase its newest test solutions for AI infrastructure development and deployments, including the mFVU-3000 FlexLight, the 800G Transport Module, and the INX 660 probe microscope, at the 2025 Optical Fiber Communications Conference and Exhibition from April 1st and 3rd in San Francisco. Furthermore, the company will also present its portfolio of field test products for fiber construction, remote fiber monitoring, and dense fiber testing insider data centers.
7. CenterPoint Energy Inc. (NYSE:CNP)
Number of Hedge Fund Holders: 29
CenterPoint Energy Inc. (NYSE:CNP) is an energy delivery firm that engages in electric transmission, distribution, power generation, as well as natural gas distribution operations, serving millions of customers in several US states.
On March 20th, Osmose, a provider of utility infrastructure asset assessment and restoration and AI-powered predictive modeling platform for utility, Neara, announced a partnership that will benefit CenterPoint Energy Inc. (NYSE:CNP). The partnership will combine the companies’ expertise in field data collection and structural analysis, which would help CenterPoint Energy Inc. (NYSE:CNP) strengthen power grids, assess risks better, and prioritize asset upgrades with better efficiency, reducing operational overheads and boosting ongoing asset restoration efforts. CenterPoint already uses Osmose and Neara’s tools to improve storm preparedness and maintain network reliability.
“At CenterPoint Energy, we are focused every day on building the most resilient coastal grid in the nation and increasing the resiliency of the communities we are privileged to serve. As we work to leverage technology to deliver better outcomes for our customers, we’re continuing to enhance our advanced modeling capabilities, which includes collaborating with cutting-edge technology providers like Neara and Osmose to leverage data from both site-specific field analysis and LiDAR-based modeling to optimize the accuracy of individual asset analysis as well as the efficiency of our whole system modeling.”
-said Eric Easton, VP of Grid Transformation at CenterPoint Energy Inc.
6. Itron Inc. (NASDAQ:ITRI)
Number of Hedge Fund Followers: 33
Itron Inc. (NASDAQ:ITRI) builds innovative systems, develops new efficiencies, and offers intelligent infrastructure services for utilities and cities to better manage energy and water resources.
On March 20th, Itron Inc. (NASDAQ:ITRI) announced it is collaborating with Microsoft to improve how utilities access data across their business operations. The partnership will entail the integration of Microsoft’s GenAI Copilot technology into Itron’s Intelligent Edge Operating System in Q2 2025. This will enable utilities to use natural language to request critical data and insights into analytics for electricity, gas, and water distribution devices, as well as distributed energy resources, accelerating decision-making and expediting repetitive tasks efficiently.
“With Gen AI, you don’t need to be a data scientist to generate reports and obtain the insights necessary for efficient operations. IEOS will be able to do this for you – pulling reports and analytics all within a single platform that leverages detailed data at the grid edge. With this collaboration, IEOS will enable utilities and cities to take advantage of the power of generative AI to boost efficiency, unlock creativity and enhance data management. We believe that IEOS will enhance the value and functionality of our solutions and help our customers achieve their goals of energy and water management, sustainability and innovation.”
-said Don Reeves, senior vice president of Outcomes at Itron Inc.
5. ICON Public Limited Company (NASDAQ:ICLR)
Number of Hedge Fund Followers: 46
ICON Public Limited Company (NASDAQ:ICLR) is a leading healthcare intelligence and clinical research organization innovating next-gen therapies for better patient outcomes. The company outsources its diverse services to pharma, biotech, medical device, and public health organizations.
On March 20th, ICON Public Limited Company (NASDAQ:ICLR) announced it would begin utilizing clinical trial solutions provider Medidata’s AI-based Clinical Data Studio to advance its studies, optimize clinical workflows, accelerate decision-making, improve operational oversight, and facilitate AI-driven risk assessment strategies for sponsors.
“ICON leads in risk-based quality management, integrating Data Management and Central Monitoring teams in our Clinical Data Science group. To meet growing data demands and customer expectations for speed and efficiency, we selected Clinical Data Studio. This platform streamlines data review, central monitoring, and medical review processes using AI and statistical modeling for faster, precise data delivery.”
-said Evan Hughes, vice president of clinical data science at Icon Plc.
4. Astera Labs, Inc. (NASDAQ:ALAB)
Number of Hedge Fund Followers: 51
Astera Labs, Inc. (NASDAQ:ALAB) is known for designing and manufacturing PCIe and ASIC ramps to improve hardware connectivity for AI and cloud infrastructure. It supplies AI fabric switches to top AI firms like Nvidia, Advanced Micro Devices, and Intel.
On March 20th, Astera Labs Inc. (NASDAQ:ALAB) announced its Scorpio Smart Fabric Switches for PCIe 6-ready NVIDIA Blackwell-based MGX platforms will deliver unmatched performance via a modular design compatible with NVIDIA MGX configurations for rapid deployments across a range of AI servers.
“As AI infrastructure rapidly evolves, the need for flexible server platforms that can be deployed at unprecedented pace and scale has never been greater. Our Scorpio P-Series Fabric Switch is purpose-built for AI servers and seamlessly integrates with the NVIDIA Blackwell-based MGX platform, enabling modular PCIe 6-ready designs that accelerate time-to-market and deliver unparalleled performance for next-generation AI systems.”
-said Mike Hendricks, Associate VP of Solutions and Ecosystem at Astera Labs Inc.
3. Agilent Technologies Inc. (NYSE:A)
Number of Hedge Fund Followers: 55
Agilent Technologies Inc. (NYSE:A) supplies instruments, software, and technologies to analytical laboratories and the clinical diagnostics markets. The company leverages AI to improve lab productivity and data analysis and optimize lab workflows.
On March 20th, Agilent Technologies Inc. (NYSE:A) announced it would showcase its digital pathology solutions at the United States and Canadian Academy of Pathalogy Conference between March 22nd and 27th. The offerings they plan to present will include a comprehensive digital pathology workflow that integrates AI-powered precision pathology software with automated staining solutions capable of drastically enhancing diagnostic quality.
“Agilent’s innovative pathology solutions are transforming health care by ensuring precise, timely, and reliable diagnoses. Our comprehensive digital pathology workflows and advanced staining technologies enable laboratories to deliver accurate and comprehensive results, facilitating faster and more effective treatments. By reducing the time from biopsy to diagnosis and enhancing diagnostic consistency, we help support better therapeutic decisions.”
-said Nina Green, VP of the Clinical Diagnostics Division at Agilent Technologies Inc.
2. Maplebear Inc. (NASDAQ:CART)
Number of Hedge Fund Followers: 60
Maplebear Inc. (NASDAQ:CART), doing business as Instacart, offers online grocery shopping and home delivery services through a website and mobile app.
On March 20th, Instacart announced a suite of new AI-powered automation tools to boost ad campaign performance to help brands realize their business goals. The tools include AI-powered landing pages, Universal Campaigns, product library improvements, and campaign recommendations designed to save brands time. For instance, Universal Campaigns, powered by machine learning, enables advertisers to create a single campaign with one budget that auto-optimizes across multiple ad formats, saving them the hassle of budget allocation and format optimization. Meanwhile, AI-driven landing pages enable brands to swiftly generate product showcases and custom copy for their brand destinations.
“At Instacart, we’re motivated to use the latest technology to help our brand partners succeed in an increasingly complex advertising landscape. As the retail media space continues to mature, brands face more choices than ever about where and how to reach consumers. We’re investing in AI-powered automation that can cut through some of that complexity – reducing manual setup and allowing advertisers to maximize performance aligned with their business objectives through automatic optimization across formats and placements. Ultimately, these innovations benefit consumers too, creating more personalized discovery experiences that help them find new products they’ll love. We’ve developed these tools hand-in-hand with our advertising partners, and we’re excited to see them drive meaningful growth for brands across the Instacart Ads ecosystem.”
-said Ali Miller, VP of Ads Product at Instacart.
1. GE HealthCare Technologies Inc. (NASDAQ:GEHC)
Number of Hedge Fund Holders: 64
GE HealthCare Technologies Inc. (NASDAQ:GEHC) is a leading provider of healthcare solutions, new-age medical technology, cloud-first AI-enabled solutions, and data analytics services worldwide.
On March 20th, GE HealthCare (NASDAQ:GEHC) launched AI-powered Invenia Automated Breast Ultrasound (ABUS) Premium, which is a non-invasive, 3D ultrasound solution designed to accelerate supplemental screening and streamline readings on patients with dense breasts. The AI-driven technology offering can manage high patient volumes, deliver exceptional image quality, and help physicians better examine test results even remotely.
“Women with dense breasts often face poorer outcomes due to malignancies detected at later, more advanced stages. Invenia ABUS Premium equipped with AI has the potential to optimize clinicians’ screening capabilities, enabling them to detect even small, early-stage cancers with a high degree of confidence in women with dense breasts. Invenia ABUS Premium is designed to help deliver the best possible outcomes for patients while also prioritizing the patient experience with features to improve scan speed and enhance comfort during an exam.”
-said Karley Yoder, CEO of Comprehensive Care Ultrasound at GE HealthCare Technologies Inc.
While we acknowledge the potential of GE HealthCare (NASDAQ:GEHC) 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 GEHC 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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