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Analyzing Alphabet Inc. in the Growing AI Sector

We have recently published an extensive list of 12 AI Stocks Poised for Massive Growth. In this article, we will delve into Alphabet Inc. (NASDAQ: GOOGL) and assess its position relative to other AI stocks anticipated to achieve significant growth in the coming years.

The AI Arms Race and Export Restrictions

As the competition in the AI sector heats up with each passing day, a multitude of businesses and countries are keen to establish themselves within the swiftly evolving landscape of artificial intelligence. Nevertheless, the situation has been complicated by restrictions on AI chip exports, particularly those that were imposed in the final days of former President Joe Biden’s administration. These restrictions have created substantial hurdles for companies looking to advance their AI technologies.

The limitations have restricted AI chip exports and technology to a wide range of countries, effectively blocking access to China and several other geopolitical adversaries. Meanwhile, it has facilitated almost unrestricted access for America’s closest allies. This strategic stance is crucial, as outlined in a quote that states:

“The US leads AI now – both AI development and AI chip design, and it’s critical that we keep it that way.”

Poland’s Struggle with Export Restrictions

One notable country that has not been included in the list of “key allies and partners” exempt from these measures is Poland. Nevertheless, recent insights reveal that Poland is hopeful regarding a potential lifting of these restrictions in the near future. Reuters reports that Polish Deputy Digital Minister Dariusz Standerski has indicated that the incoming administration under Trump might be more amenable to allowing Poland access to U.S.-designed AI chips. Standerski criticized Biden’s previous decision as “irresponsible” and expressed frustration that the outgoing administration did not provide a concrete rationale for Poland’s lower tier standing in the matter.

He also mentioned that discussions with the new administration have been “very constructive,” highlighting that:

“I think there is a big chance for that. Consultations last until May 15.”

In a related statement, Polish Deputy Prime Minister Krzysztof Gawkowski recently had dialogues with U.S. Vice President JD Vance regarding the need to ease AI chip curbs on Poland during the AI Action Summit held in Paris last month. This indicates a growing concern among technology groups that these export restrictions should not apply to nations that are close allies of the United States.

Selection of AI Stocks

In this analysis, we meticulously selected AI stocks by evaluating a variety of news articles, stock analyses, and press releases. These stocks have garnered attention and are increasingly favored among hedge funds. The hedge fund data we refer to is current as of the fourth quarter of 2024.

You may wonder why we focus on stocks that hedge funds invest in heavily. The rationale is straightforward: our research indicates that following the top stock picks of leading hedge funds can lead to substantial market outperformance. Our quarterly newsletter adopts a strategy that selects 14 small-cap and large-cap stocks every quarter and boasts a remarkable return of 373.4% since May 2014, surpassing its benchmark by an impressive 218 percentage points.

Alphabet Inc.’s Potential

Let’s explore the results pertaining to Alphabet Inc. (NASDAQ: GOOGL). This American multinational technology company, which fully owns the internet giant Google among other businesses, has recently received reaffirmation from Evercore ISI for an “Outperform” rating. Evercore stated that the search giant remains a preferred choice among stock investors.

A recent survey observed that while there is some competition in Search, Google has not seen any significant declines in its share of highly commercial intent search queries. Rather, the innovations in Google’s Gen AI are contributing to a more effective search engine, enhancing the overall user experience.

Currently, analysts maintaining a consensus “Buy” rating on GOOGL reflect an average price target of $220, presenting a potential upside of 32%. Moreover, the highest target set by analysts suggests an impressive 49.6% upside to $250.

As it stands, GOOGL is ranked 3rd on our list of AI stocks projected for substantial growth. While we recognize GOOGL’s potential as a robust investment option, we also believe that some other AI stocks may offer even better prospects for high returns within a shorter time frame. If you’re interested in discovering AI stocks that are more promising than GOOGL—especially those trading at less than five times their earnings—you should definitely check out our report focusing on the cheapest AI stocks currently available.

AI legalese decoder: Assisting in Navigating the AI Landscape

As discussions about AI technologies and stock investments grow more complex, one tool that can significantly aid stakeholders is the AI legalese decoder. This innovative program simplifies legal language and contractual obligations associated with investments in AI, helping both individuals and businesses understand often dense legal terminologies. This tool can prove invaluable in ensuring you remain compliant with any regulations while exploring investment opportunities or partnerships in the rapidly changing AI landscape.

Conclusion

In closing, the landscape of AI stocks is more competitive than ever, with significant influences from international policies impacting market dynamics. With tools like the AI legalese decoder on your side, navigating this complex environment could become much easier.

Recommended Reading

READ NEXT: Explore our insights on the 20 Best AI Stocks To Buy Now and the 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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