Why These 15 AI Stocks Are Skyrocketing So Far In 2025

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9. Tuya Inc (NYSE:TUYA)

Number of Hedge Fund Holders In Q3 2024: 14

Tuya Inc (NYSE:TUYA) is an IoT company. Products include cloud products and some AI-related products too.

In Q3 2024, Tuya reported top-line growth of 33.6% to $81.6 million. It also reported a non-GAAP net profit margin of 24.7%, along with $23.9 million in OCF. The cash balance here is at $1.02 billion.

Moreover, Temasek’s 65 Equity Partners acquired a 13% stake in Tuya in late 2024. The company also showcased AI-powered IoT products at CES 2025, and it claims they can improve efficiency by over 35%.

There are no recent price targets on this stock, except one by Morgan Stanley in late August 2024 with a price target of $3.5. This implies 40% upside from here.

TUYA stock is up 44.83% year-to-date.

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