30 Most Important AI Stocks According to BlackRock

6. 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 tech giant has partnered with electronics firm Samsung and chipmaker QUALCOMM to develop mixed reality smart glasses that can be linked to the AI power of smartphones. The project builds on an existing partnership between the three companies to develop mixed reality technology, which refers to the combination of augmented and virtual reality. The glasses would offer competition to similar products from Google rivals like Meta and Apple. The glasses aim to be more user-friendly compared to VR headsets made by Meta and Apple.

Alphabet Inc. (NASDAQ:GOOG) is one of the top AI picks on Wall Street. Wedbush has an Outperform rating on the stock with a price target of $025. In a recent investor note, the advisory acknowledged near-term headline risk to the shares associated with a pending antitrust trial, but noted that the overall risk to the business was limited based on recent financial disclosures related to adtech products.