10 AI Stocks That Will Skyrocket

4. Alphabet Inc. (NASDAQ:GOOGL)

Upside Potential: 25.26%

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOGL), the parent company of Google, operates through Google Services, Google Cloud, and other experimental ventures called “Other Bets.” The company focuses on making information universally accessible while supporting innovation through centralized AI research. Its powerful Gemini AI model enhances products like YouTube, Gmail, and Maps by understanding and combining text, images, and more. Google Cloud helps businesses leverage AI for growth. DeepMind, Alphabet’s AI arm, also made scientific breakthroughs like AlphaFold, which solved a long-standing protein-folding problem, showing Alphabet’s broad AI commitment.

Alphabet Inc. (NASDAQ:GOOGL) ‘s Q1 2025 results show strong growth across its business, driven by AI advancements. Google Cloud revenue reached $12.3 billion, up 28%, while YouTube ad revenue grew 10% to $8.9 billion. The company’s AI model, Gemini 2.5, is powering products like Search and Cloud, driving significant user engagement and developer adoption. Waymo is seeing rapid expansion, with 250,000 weekly paid trips. Alphabet is investing heavily in AI infrastructure, including its custom Ironwood TPU, and continues innovating with AI-powered tools and services. AI-powered ad campaigns improved performance in Q1, according to the company, with businesses using Alphabet’s DemandGen seeing a 26% increase in conversions per dollar spent.