10 Trending AI Stocks on Wall Street Right Now

3. 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 15, Reuters reported that Google One, Alphabet’s subscription service that charges consumers for cloud storage and artificial intelligence features, has recently crossed 150 million subscribers. The service is part of Alphabet’s strategy to diversify beyond advertising, accounting for over three-quarters of its 2024 revenue. Spectators believe that the success with the subscription pathway could help Alphabet in its long-term financial outlook as it deals with the threat of AI chatbots, like OpenAI’s ChatGPT or Google’s own Gemini, to its search engine control.