10 AI Stocks Making Waves This Week

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1.  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 May 21, Google and Swedish carmaker Volvo Cars announced that Volvo will now be the lead development partner for Android Automotive software. This would allow it to give its buyers access to new versions and more rapidly deliver the latest Android Automotive OS innovations to customers owning Volvo models with Google built-in.

This includes Google Gemini, demonstrated at Google I/O 2025 in a Volvo EX90.​ Customers will be able to leverage the power of the latest conversational AI technology. Volvo’s cars will also be serving as Google’s reference hardware platforms for future Android development in cars, allowing Volvo to enjoy the latest Android features and enhancements.

“For years, Google and Volvo Cars have collaborated closely to bring cutting-edge technology to connected cars. We’re excited to deepen this partnership, accelerating the pace of innovation that will not only improve the driving experience for Volvo customers but also set new benchmarks for the automotive industry.”

-Patrick Brady, Vice President of Android for Cars, Google.

While we acknowledge the potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 AI Stocks Making Waves on Wall Street Today and 15 AI Stocks Surging on News and Analyst Ratings.

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