Top 10 AI Stocks in the Spotlight This Week

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On April 16, Monness analyst Brian White maintained a Hold rating on the stock. Monness sees a cautious outlook on Alphabet Inc. due to the challenging macroeconomic environment, antitrust issues, and the significant capital expenditures that the company is planning. Nevertheless, the company is poised to benefit from trends in digital advertising, cloud services, and AI innovation, the firm noted. White also forecasts a slowdown in Alphabet’s growth.