10 AI Stocks You Shouldn’t Overlook Right Now

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 15, Wedbush analyst Scott Devitt adjusted the price target for the stock from $220 to $190 while maintaining an “Outperform” rating. Several factors have led to the price target revision, such as macroeconomic uncertainties, potential tariff impacts, and declining consumer confidence.

In other recent news, Reuters reported that Alphabet’s Google has partnered 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.