5 Best AI Stocks to Buy Now

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 196

Alphabet Inc. (NASDAQ:GOOG) is one of the largest technology companies in the world. It has a variety of divisions that operate in different industries such as cloud computing, consumer electronics, smart gadgets, and more.

Alphabet Inc. (NASDAQ:GOOG) has an entire division dedicated to artificial intelligence. The division is called Google AI and it has several projects such as researching artificial intelligence and publishing papers, investigating machine learning as an aid to creativity, a hardware research cloud for artificial intelligence research and operating tensor processing units (TPUs).

Insider Monkey’s September quarter of 2022 survey covering 920 hedge funds revealed that 196 had bought Alphabet Inc. (NASDAQ:GOOG)’s shares.

Alphabet Inc. (NASDAQ:GOOG)’s largest investor is Chris Hohn’s TCI Fund Management which owns 52 million shares that are worth $5 billion.

Follow Alphabet Inc. (NASDAQ:GOOGL)