10 High Flying AI Stocks This Week

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 227

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 High Flying AI Stocks This Week. On August 5, DA Davidson analyst Gil Luria reiterated a Neutral rating and $180.00 price target on the stock.

According to the firm, the only way forward for Alphabet stock is a complete breakup so that investors are free to choose and invest in businesses that they actually want. This will position the businesses as competitors to Netflix, AWS/Azure, Nvidia, OpenAI, The Trade Desk , and Tesla.

“We continue to believe the only way forward for Alphabet is a complete breakup that would allow investors to own the businesses they actually want — the top competitors to NFLX, AWS/Azure, NVDA, OpenAI, TTD and TSLA. In this report we focus on the Waymo business, which we believe would be worth $16/share on its own. We remain NEUTRAL rated, but would see GOOGL as the top mega cap pick if it proceeded with a complete break-up.”

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.