Top 20 Trending AI News And Analyst Ratings

Page 15 of 19

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. Latest reports, published by news publication Bloomberg, reveal that the tech giant is rapidly developing artificial intelligence models capable of mimicking human reasoning. Per Bloomberg, Google teams were building software capable of solving complex and multi step problems. The new technology utilized chain-of-thought prompting which caused the software to sort through various responses and choose the best one before responding to a prompt. The reports come weeks after OpenAI, an AI startup backed by Google rival Microsoft, introduced a new series of AI models designed for solving complex problems.

Wells Fargo analyst Ken Gawrelski recently lowered the price target on Alphabet Inc. (NASDAQ:GOOG) stock to $182 from $190 and kept an Equal Weight rating on the shares ahead of quarterly results. In a research note, the advisory underlined that as regulatory headlines abated, attention was returning to fundamentals, and Wells continued to lean cautious on search growth despite a better-than-expected first half of the year.

Page 15 of 19