5 High Growth AI Stocks to Buy

3. Alphabet Inc. (NASDAQ:GOOG)

Market Capitalization as of 2/16: $1.22 trillionOK

EPS Growth Forecast Next 5 Years: 15.51%

Alphabet Inc. (NASDAQ:GOOG) ranks #3 on our list of 10 High Growth AI Stocks to Buy given its market capitalization of $1.22 trillion. In terms of growth, Alphabet Inc. (NASDAQ:GOOG)’s sales could decline or substantially underperform expectations from AI or they could grow depending on how well the company innovates in the future.

Alphabet Inc. (NASDAQ:GOOG) currently owns the most popular search engine in the world in Google which is now facing more competition from the AI-powered Bing. Although the AI Bing makes a lot of mistakes currently, it is expected to improve over time and the improvement could take market share from Google if Alphabet Inc. (NASDAQ:GOOG) doesn’t innovate. AI powered Bing could also increase processing costs for Google which would be a headwind for Alphabet Inc. (NASDAQ:GOOG)’s margins. As a result, the company is arguably the riskiest stock on our list even though it is a blue chip.

Alphabet Inc. (NASDAQ:GOOG) also has AI growth potential given it has invested a lot into AI products such as Waymo that could help grow the company’s bottom line in the long term if it is successful.