Top 9 Game-Changing Stocks for AI Revolution

5. 8×8, Inc. (NASDAQ:EGHT)

Number of Hedge Fund Holders: 12

8×8, Inc. (NASDAQ:EGHT) is a software application company that provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions. The company delivered third-quarter results on February 4th that affirmed progress and continued momentum in the transformation journey.

The solid financial performance was characterized by record cash flow from operations and strong adoption of the company’s AI-powered customer experience solutions. Consequently, 8×8, Inc. (NASDAQ:EGHT) monthly recurring revenue was up by over 60% year over year, driven by strong demand for AI-based solutions like intelligent customer assistance, secure payments, and video-enabled services.