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. JMP Securities analyst Andrew Boone has an Outperform rating on Alphabet Inc. (NASDAQ:GOOG) stock with a price target of $200. The analyst closely followed the developments at the Gemini at Work event hosted by Google recently, highlighting for investors a 35x increase in Gemini usage as 75% of daily Gemini for Workspace users said AI improved the quality of work. The analyst further underlined that AI adoption was beginning to inflect across Enterprise, with Google offering 185 real-world examples on how enterprises were integrating AI.

In a notable development, Reuters recently reported that Alphabet Inc. (NASDAQ:GOOG) is planning to construct a large data center in Vietnam. Data centers are critical to the ongoing AI revolution in the tech industry. To date, no hyper-scaler has announced plans to build a data center outside the US. According to Reuters, internal discussions are underway, and the facility could be operational by 2027.

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