20 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. At the recent Google Gemini at Work event, the company outlined a range of artificial intelligence agent use cases. Wall Street analysts, like those led by Scott Devitt at Wedbush, took note of this development. In an investor note, the analysts noted that they had come away from the keynote with increased conviction in the strength of Google’s enterprise generative AI offerings and their emerging contribution to Google Cloud growth. They added that Google was actively working with enterprise customers to develop AI agents across a variety of use cases. Wedbush has an Outperform rating on Alphabet and a 12-month price target of $205.

Some of the companies working with Alphabet Inc. (NASDAQ:GOOG) in this regard included Snap, Volkswagen, Warner Bros. Discovery, and Best Buy. The investor note highlighted that the six primary uses of AI agents employed by enterprises included customer agents, employee agents, code agents, data agents, security agents and creative agents. Per the note, Google reported more than 2 million developers were building with Google’s GenAI solutions, and it had seen 36x growth in Gemini API usage on Vertix AI since the beginning of the year.

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