12 AI Stocks on Analysts’ Radar

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2. 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 21, JPMorgan analyst Doug Anmuth reiterated an “Overweight” rating and $195.00 price target on the stock. Doug highlighted the company’s strong position in the AI sector as a reason behind the optimism. The company’s advancements in artificial intelligence, especially through its Gemini platform, are leading the industry.

Even Google CEO Sundar Pichai opened his keynote at the I/O conference, stating how “Every day is Gemini season at Google.” Google has sound execution capabilities, as evident by how fast it is bringing AI-driven features to the market. Moreover, the company adopts a comprehensive approach to artificial intelligence, placing it well against competitors. Its leadership in AI technology is evident through Google’s foundational models and their adoption. With the stock’s current trading price presenting a discount compared to historical averages, the stock presents a potentially attractive entry point for investors.

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