12 AI Stocks Analysts Are Talking About Right Now

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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 22, Reuters reported that a U.S. Department of Justice attorney has said that Google requires strong measures imposed on it to inhibit it from using its artificial intelligence products to “extend” its dominance in online search. The Justice Department is currently seeking an order for Google to sell its Chrome browser and take other measures to end its monopoly in online search.

Now is the “time to tell Google and all other monopolists who are out there listening, and they are listening, that there are consequences when you break the antitrust laws.”

-DOJ attorney David Dahlquist said during his opening statement.

The report further noted how the DOJ and a broad coalition of state attorneys general are striving to bring back fair competition as search evolves and with new generative AI products such as ChatGPT in the market.

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