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 eGain Corporation (NASDAQ:EGAN) 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 computer engineer discussing the company's Unified Cloud Software Solutions with a colleague.
eGain Corporation (NASDAQ:EGAN)
Number of Hedge Fund Holders: 6
eGain Corporation (NASDAQ:EGAN) is a cloud-based software firm offering an AI-powered knowledge hub and SaaS-based analytics and customer service application to automate customer engagement and enable businesses to serve clients better across channels like web, mobile, and contact centers.
For Q2, the company’s revenue slid 6% year-over-year (YoY) to $22.4 million, marginally missing consensus estimates of $22.53 million. The GAAP net income was $671,000, or $0.02 per share on a basic and diluted basis, marking a YoY drop from $2.2 million, or $0.07 per share.