10 Trending AI Stocks on Wall Street

Market Overview - Major US indexes closed lower despite Broadcom's quarterly results and guidance beating Wall Street estimates, indicating a pullback from the artificial intelligence trade due to concerns over lower margins and deal activity uncertainty [1] - The artificial intelligence theme has been a significant driver of the stock market this year, with negative sentiment impacting the market broadly [1] Broadcom Insights - Many firms view the current pullback as a buying opportunity, with Broadcom seen as a leading alternative to AI chip leader Nvidia [2] - Analyst Stacy Rasgon expressed confusion over the negative sentiment surrounding Broadcom's shares, noting the company's AI performance continues to exceed expectations [3] Future Projections - Citigroup projects a stronger 2026 for the S&P 500, with a year-end target of 7,700, driven by robust corporate earnings and sustained AI investment tailwinds [3] SoundHound AI, Inc. (NASDAQ:SOUN) - SoundHound AI is recognized as one of the trending AI stocks, with Cantor Fitzgerald upgrading its rating from Neutral to Overweight and raising the price target to $15.00 from $13.00, citing long-term growth catalysts [7][8] - The company is well-positioned to benefit from the growth trends in conversational AI and voice AI, with expectations for low performance heading into 2026 creating potential upside [9] Rivian Automotive, Inc. (NASDAQ:RIVN) - Rivian is also among the trending AI stocks, with Needham raising its price target to $23.00 from $14.00 while maintaining a "Buy" rating, following the company's AI & Autonomy Day [10] - Analyst Chris Pierce highlighted Rivian's progress in software and autonomy, emphasizing the importance of AI in their vehicle technology and the upcoming R2 launch as a key driver for future growth [11][13]