17 Latest AI News and Analyst Ratings You Should Not Miss

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. The firm has been one of the fastest in the tech world to integrate AI into the products it markets. For example, six of the most used Google applications on the internet, each of which has at least 2 billion monthly active users, already has Gemini functionality. Gemini is an AI-powered assistant that Google claims is the most advanced generative AI model in the consumer market. Generative AI models focus on the development of new content versus traditional AI models that analyze and interpret data. Gemini is also likely to be available on all Android devices, further improving reach.

Alphabet Inc. (NASDAQ:GOOG) is thus one of the best-positioned firms to capitalize on the AI boom, according to analysts at investment advisory Jefferies. Analyst Brent Thill has a Buy rating on the shares with a price target of $220. In a recent note, he detailed that there was a bullish view on the ability of Gemini to access info across Gmail, Google calendar and more, supposing the users opt in.