10 Trending AI Stocks on Wall Street

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1.  Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 243

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Trending AI Stocks on Wall Street. On December 12, TD Cowen raised its price target on the stock to $350.00 from $335.00 while maintaining a “Buy” rating.

The price target raise is driven by the successful integration of artificial intelligence overviews within Google Search. This strengthening AI adoption supports long-term Search growth.

Analyst John Blackledge sees Google Search growing at a CAGR of 10.2% over the next five years, compared to the previous 9.6%. He attributed this increase in Google search usage and query growth to AI mode adoption.

The firm also raised its Gemini monthly average user’s estimates to 850 million at the year end of 2025. This is up from previous estimates of 600 million. It is forecast that by 2030, the Gemini app may reach nearly three billion monthly average users.

“Rising Chatbot Usage per TD Cowen Survey; Raising GOOG Search Estimates; We are raising GOOG Search estimates on our positive US survey data which indicates i) ramping Gemini chatbot usage following the launch of Gemini 3, ii) continued increases in Search engagement driven by AI Mode and AI Overviews usage, and iii) an increasing share of ChatGPT users that are also using Gemini. We raised our Search est’s by 2% on avg. annually from ’26–’31. PT to $350, maintain Buy.”

Another highlight for the stock is Alphabet’s advertising business.

“Google is the best-positioned mobile advertising company, in our view, due to its leading mobile advertising revenue position, robust capabilities, and traffic advantage relative to its peers. GOOG’s advertising offering, combined with its competitive cloud franchise, and AI tech-focused DNA, results in a digital powerhouse and yields a forecast of double-digit annual top-line growth and similar double-digit annual EBITDA growth over time.”

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

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 Must-Watch AI Stocks on Wall Street and 12 Hot AI Stocks on Wall Street’s Radar

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