Impinj, Inc. (NASDAQ:PI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held Impinj, Inc. (NASDAQ:PI) at the end of the first quarter, which was 37 in the previous quarter. In the first quarter of 2025, Impinj, Inc. (NASDAQ:PI) generated revenue of $74.3 million, down 19% sequentially from fourth quarter 2024, and down 3% from Q1 2024. While we acknowledge the potential of Impinj, Inc. (NASDAQ:PI) 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 timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.