1. Alphabet Inc. (NASDAQ:GOOGL)
On May 20, 2026, Alphabet Inc. (NASDAQ:GOOGL) said it is deepening its presence in Missouri with a new data center in Montgomery County. The company said it is expanding infrastructure “responsibly,” while advancing energy affordability and creating new career pathways. Through its Capacity Commitment Framework agreement with Ameren, Alphabet said it is supporting the development of more than 500 megawatts of additional capacity and establishing a $20 million Energy Impact Fund to help lower utility bills through home weatherization and efficiency initiatives.
Also on May 20, Morgan Stanley said I/O 2026 showcased new, more efficient models and agentic offerings across commerce, travel, and daily life. The firm noted that Google introduced Gemini Spark, a personal agent that will roll out across the Gemini app, which now has more than 900M monthly active users, as well as Search, Gmail, Google Calendar, Google Drive, and other Google apps. Morgan Stanley kept an Overweight rating and $375 price target on Alphabet shares, saying “agentic sparks are set to fly with GOOGL lighting the torch.”
Wells Fargo also raised the firm’s price target on Alphabet to $435 from $427 and maintained an Overweight rating on the shares, citing improving market confidence in companies monetizing compute investments through cloud businesses.
On May 19, 2026, Google introduced Gemini 3.5, its latest family of models “combining frontier intelligence with action.” The company said 3.5 Flash is available through the Gemini app, AI Mode in Google Search, Google Antigravity, Gemini API in Google AI Studio and Android Studio, and Gemini Enterprise products. Google also said it is working on 3.5 Pro, which is already being used internally and is expected to start rolling out next month.
Alphabet Inc. (NASDAQ:GOOGL) offers various products and platforms across the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.
While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about the cheapest AI stock.
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