10 AI Stocks to Watch Amid Market Volatility

3. 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. On April 11, Reuters reported that Google is partnering with PJM Interconnection, the largest electrical grid operator in North America. This partnership aims to roll out artificial intelligence technologies that will help gain new power supplies connected faster. With the demand for electricity rising due to more data center build outs, the collaboration marks the first instance that AI will be used to AI would be used to broadly manage an interconnection queue.

“The industry has been talking about building smarter grids for well over a decade, and now with AI, we have a real opportunity to turn discussion into action.”

-Amanda Peterson Corio, Google’s data center energy lead.