13 AI News Investors Should Not Miss

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1. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOGL) provides AI-driven solutions across various platforms, improving cloud services, enterprise collaboration, and consumer products, while also focusing on advancing AI research.

Citi analyst Ronald Josey highlighted that Alphabet’s (NASDAQ:GOOGL) Google has filed its Proposed Final Judgment in response to the August court ruling, which found certain agreements related to search distribution and browser defaults in violation of the Sherman Act. The filing is narrower in scope compared to the remedies proposed by the DOJ. Google intends to appeal the decision. While acknowledging regulatory challenges affecting the stock, Citi notes that recent AI innovations, including Gemini 2, Veo, and Imagen 3, demonstrate Google’s ongoing focus on innovation alongside improving profitability. The analyst maintains a Buy rating with a $232 price target for Alphabet.

While we acknowledge the potential of Alphabet Inc. (NASDAQ:GOOGL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GOOGL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

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