10 AI Stocks to Watch Now

4. 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 9, Google unveiled its seventh-generation artificial intelligence chip named Ironwood, designed to speed the performance of AI applications. Known for “inference” computing capabilities, the chips aim to perform rapid calculations that generate answers in a chatbot or other types of responses.

According to Amin Vahdat, a Google vice president, the Ironwood is designed to run AI applications, or inference, and tends to work in groups of as many as 9,216 chips. Moreover, it claims twice the performance for the amount of energy needed compared with Google’s Trillium chip. Gemini AI models are designed and equipped with the company’s chips.