12 AI Stocks Making Waves on Wall Street Today

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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. One of the most notable analyst calls on Tuesday, May 20, was for Alphabet Inc. BMO reiterated the stock as “Outperform” with a $200 price target. The firm said its survey checks of fears over Alphabet search competition are unwarranted.

“Fears that Google Search will be disrupted by AI Search competitors are overblown, as users report higher levels of loyalty to Google and satisfaction with Google’s AI Overviews. Reiterate Outperform and $200 Target Price.”

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