Top 14 AI Stocks on Wall Street: News and Analyst Ratings

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4. 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 13, Mizuho Securities reiterated an “Outperform” rating and reduced the price target from $235 to $230. The analyst’s buy rating stems from several factors. First, the company’s advertising revenues have exceeded expectations. Robust growth in insurance, retail, and political advertising has led to strong performances in both Search and YouTube.

Advertising strength has boosted overall revenue for the company, exceeding market consensus. Moreover, the company’s demand for Core GCP products and AI infrastructure remains high, despite capacity constraints leading to Cloud revenue growth below expectations. This implies that potential revenue may grow for the company as capacity issues are resolved. The company’s strategic capex investments in AI and custom ASICs further echo management’s confidence in long-term growth.

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