10 AI Stocks on Wall Street’s Radar

2. 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 13, Bank of America Securities analyst Justin Post maintained a “Buy” rating on the stock and set a price target of $200.00. Post’s buy rating stems from Google’s strong growth potential and improved market position. A primary reason noted by the analyst has been that Google Chrome is gaining browser market share at the expense of Apple’s Safari. This implies how Google’s overall query volume remains strong, especially on Apple devices. Google’s apps on iOS have also been demonstrating growth in monthly active users and total time spent. With features like Google Lens and the expansion of the Gemini brand, direct traffic will likely be enhanced on Google’s properties.