9 Buzzing AI Stocks on Latest News and Ratings

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On February 10, analyst Justin Post from Bank of America Securities maintained a “Buy” rating on the stock and a $225.00 price target. According to the firm, the AI search landscape has had several new entrants in the market, particularly ChatGPT. Nevertheless, Alphabet’s Google has still maintained a stable global search share, with only a slight year-over-year decline. Traffic on Google remains strong, and daily web visits show signs of minimal impact from the rising AI competitors. That said, the firm reflects upon the company’s resilience amid competition and also recognizes its potential for AI to enhance Google’s monetization of its search services. Strong growth in search volumes, together with support from AI innovations, has in turn led to a positive outlook for continued revenue growth. Albeit risks such as increased competition and legal challenges, the overall stance on the stock remains positive.