10 AI Stocks Making Waves: GTC Highlights & Beyond

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. One of the most notable analyst calls on Wednesday, March 19, was for Alphabet Inc. Morgan Stanley reiterated the stock as “Overweight,” stating that it’s sticking with the stock following its acquisition of cyber company Wiz. The company recently announced that it’s buying Wiz, a Cloud Security Company, for about $32 billion in its quest to strengthen its position in the cloud-computing race against Amazon.com and Microsoft.

“Post-close, the companies confirmed that Wiz will continue to provide multi-cloud support (AWS, Azure, Oracle, etc.), while also leveraging access to GOOGL’s first-party data and scale to innovate further on its existing solutions.”