We recently published a list of Top 11 Trending AI News And Wall Street Ratings. In this article, we are going to take a look at where Wipro Limited (NYSE:WIT) stands against other top trending AI stocks.
The S&P 500 neared record highs on February 14th despite a busy week of US tariff hikes, inflation updates, a slump in retail data, and mixed reports from company earnings reports. Meanwhile, some magnificent seven stocks inched higher today due to optimism around growing AI-chip demand.
Furthermore, the global AI race is heating up as DeepSeek AI is empowering Chinese chipmakers to lower reliance on US technology as export limits remain in place.
In turn, the US is swiftly building partnerships with Asian countries founded on AI. The US and India announced on February 13th that they would work to create a roadmap by year-end to accelerate the development of AI infrastructure by boosting investments in new-age data centers and offering US-origin AI infrastructure to expand computing power access in the sub-continent.
“The US and India will work together to enable industry partnerships and investments in next generation data centres, cooperation on development and access to compute and processors for AI, for innovations in AI models and building AI applications for solving societal challenges while addressing the protections and controls necessary to protect these technologies and reduce regulatory barriers,” the countries stated in a joint statement.
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 database of 900 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 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A modern office building with a large sign displaying the companies logo.
Wipro Limited (NYSE:WIT)
Number of Hedge Fund Holders: 11
Wipro Limited (NYSE:WIT) is a multinational company that offers IT and consulting services as well as business solutions worldwide for diverse sectors, including finance, healthcare, and manufacturing.
On February 13th, AI fintech firm Veuu announced a partnership with Wipro Ltd. (NYSE:WIT) to combine their AI capabilities and healthcare data management solutions to facilitate an instant payment platform for speedy and accurate health insurance claim processing while minimizing fraud and rejections.
Nani Iyer, Vice President & Sector Growth Leader, Healthcare at Wipro Ltd. (NYSE:WIT) said: “We are excited to partner with Veuu to deploy our Provider in a Box solution, that includes Veuu’s AI-enabled instant payments platform alongside our comprehensive IT and Provider Operations Transformation expertise to deliver immediate cash-flow relief, reduce overall healthcare costs, and improve the quality of care.”
Overall, WIT ranks 4th on our list of top trending AI news and Wall Street ratings. While we acknowledge the potential of WIT 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 WIT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
