5 Most Popular Stocks on Robinhood in 2024

Page 1 of 5

This article presents an overview of 5 Most Popular Stocks on Robinhood in 2024. For a detailed overview of such stocks read our article, 11 Most Popular Stocks on Robinhood in 2024.

5. Alphabet Inc Class C  (NASDAQ:GOOG)

Number of Hedge Fund Investors: 166

Alphabet Inc Class C  (NASDAQ:GOOG) shares have gained about 12% this year. Despite concerns that the rise of chatbots could dent Alphabet Inc Class C’s  (NASDAQ:GOOG) search business, data so far shows Google search market share remains steady. Baird analyst Colin Sebastian recently gave an Outperform rating and a $160 price target to the stock.

The analyst said Alphabet Inc Class C’s  (NASDAQ:GOOG) “long-standing core AI/ML capabilities will provide competitive advantages into the Gen-AI era.”

Palm Valley Capital Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its first quarter 2024 investor letter:

“Governments have various irons in the fire for curbing (commandeering?) the power of tech titans, with the European Union rolling out the Digital Markets Act, the Federal Trade Commission suing Amazon for illegally using monopoly power, and the DOJ lawsuit against Alphabet Inc. (NASDAQ:GOOG)’s advertising business going to trial in September.

Furthermore, the dominant technology enterprises are not immune from shooting themselves in the foot. Google’s botched launch of its AI model, Gemini, shows the risk of having too much money. You lose discipline. A Pirate Wires exposé into the firm’s culture revealed that employees went to extreme lengths to intentionally degrade the quality of the AI engine’s output for ideological reasons. Try that as a small business! See how far you make it…” (Click here to read the full text)

Page 1 of 5