19 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. Latest reports indicate that the authorities in Ireland have initiated a cross-border inquiry into an AI model marketed by Google. The data protection department in Ireland has said that it will review whether Google complied with EU obligations before processing personal data of EU users to help develop the foundational AI model named Pathways Language Model 2 (PaLM 2). The Irish government has previously conducted such inquiries against social media platform X as well.

Alphabet Inc. (NASDAQ:GOOG) has received bullish calls from Wall Street. Stifel analyst Mark Kelley raised the price target on the stock to $199 from $196 and kept a Buy rating, detailing that the company reported revenue and operating income ahead of expectations with continued strength in Search and a slight beat in Google Cloud, though YouTube growth slowed relative to Q1. The analyst further added that the AI commentary of the management was encouraging.

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