5 Best Machine Learning Stocks to Invest In

3. Alphabet Inc. (NASDAQ: GOOG)

Number of Hedge Fund Holders: 185

Alphabet Inc. (NASDAQ: GOOG) is a provider of online advertising services in the US, Europe, Middle East, Africa, Asia Pacific, Canada, and Latin America. It is the parent company of Google and uses AI and deep learning in almost all its operations, including in the running of the Google search engine, Google ads, Maps, and other areas. The company ranks 3rd on our list of the best machine learning stocks to invest in.

This July, Roth Capital analyst Darren Aftahi reiterated the firm’s Buy rating on Alphabet Inc. (NASDAQ: GOOG) shares, alongside the $115 price target they set on it.

In the first quarter of 2021, Alphabet Inc. (NASDAQ: GOOG) had an EPS of $26.29, beating estimates by $10.63, and the company’s revenue was $55.31 billion, up 34.39% year over year and beating estimates by $3.62 billion. Alphabet Inc. (NASDAQ: GOOG) has gained 49.56% in the past 6 months and 51.82% year to date.

As of the end of the first quarter of 2021, 185 hedge funds out of the 866 tracked by Insider Monkey held stakes in Alphabet Inc. (NASDAQ: GOOG) worth roughly $24.5 billion. This is compared to 179 hedge funds in the previous quarter with a stake value of about $21.9 billion.