18 Trending AI Stocks on Latest Analyst Ratings and News

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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. It is no secret that tech giants have committed to billions of dollars in capex to develop AI infrastructure. AI data centers are at the heart of this endeavor. Recent reports indicate that hyperscalers like Google, Meta, Amazon, and Meta have found it hard to find suitable locations for these centers, largely because of the power needs of the facilities. As rivals like Microsoft and Amazon turn to industrial sites to solve this problem, in close proximity to power plants, Google is considering Vietnam as an alternative.

Wall analysts have viewed Alphabet Inc. (NASDAQ:GOOG) with caution following the revival of an antitrust case against the firm. Barclays has an Overweight rating on the shares with a price target of $200. In a recent investor note, the advisory claims the case can have a range of outcomes that could include structural changes like divesting Chrome, the popular internet browser, Android, the mobile software, and AdWords, an ad system developed by Google.

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