#1 - Alphabet (NASDAQ:GOOGL)
Alphabet (GOOGL)
We’ll start with the biggest fish in the AI pond, Alphabet (NASDAQ: GOOGL). In fact, you can say that Alphabet is betting its entire existence on artificial intelligence. Shares of the tech giant are only up about 8% in 2020. But much of that sluggish performance is from their ad business.
However, even with this “sluggish” performance, GOOGL stock is only about 3% away from surpassing its all-time high. Does anyone doubt that they won’t quickly surpass that mark? Maybe that will have happened by the time you’re reading this.
But AI is at the core of just about everything the company does. Giving you relevant search results, speech recognition, and more are all rooted in artificial intelligence.
Beyond its leadership in AI, there are over one trillion reasons I’m putting Alphabet on the top of this list. That’s my tongue-in-cheek way of saying that Alphabet has a market cap of over one trillion dollars. That gives it the resources and the staying power to absorb competitors in a field that some analysts see as being ripe for consolidation.
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Read More - Current Price
- $166.24
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 35 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $205.90 (23.9% Upside)
