Discover Why OneConnect Financial Technology (OCFT) is Soaring in 2025: Key Factors Behind Its Rapid Growth

Why These 15 AI Stocks Are Skyrocketing So Far In 2025 gives an overview of the AI stock market. In this piece, we’ll see how OneConnect Financial Technology (NYSE:OCFT) fits into the bigger picture of AI stocks.

Recently, AI stocks took a hit due to DeepSeek’s announcement. However, this news might actually spark long-term optimism for many AI firms. Cost issues have plagued AI companies, and solutions in this area could lead to more robust models using the current hardware.

DeepSeek is open source, allowing various AI companies to adopt its efficient methods. Many firms and investors are still keen on funding AI projects. This confidence suggests that AI companies are poised for significant growth going forward.

The excitement is spreading beyond just the well-known AI companies. The rise of agentic AI is also notable. These stocks thrived last year and continue to perform well, even with the challenges posed by DeepSeek this year.

Methodology

To compile this list, I examined the best-performing AI stocks so far this year, excluding those I’ve discussed recently. I’ll also highlight how many hedge funds hold each stock. Studies show that following hedge fund favorites can lead to better market performance.

Our investment strategy selects 14 small-cap and large-cap stocks each quarter and has yielded a tremendous 275% return since May 2014, surpassing benchmarks by a wide margin.

Number of Hedge Fund Holders In Q3 2024: 3

OneConnect Financial Technology (NYSE:OCFT) operates in cloud-based fintech solutions integrated with AI.

For the first nine months of this year, the company reported a net profit of around RMB 110 million, a significant 138.9% increase from the previous year. Additionally, revenue from international third-party clients grew by 23.4%.

In a strategic move, OneConnect sold its virtual banking division to Lufax for HKD 933 million in April 2024 to focus on more profitable areas.

Analysts have set an average price target of $7 for the stock, suggesting a potential upside of 105.88%.

So far, OCFT stock has risen by 41.15% this year. It ranks 13th among AI stocks that are gaining momentum in 2025. While OCFT shows promise, several other AI stocks may offer higher return potential in a shorter time frame.

Disclosure: None. This article was originally published at Insider Monkey.