We recently compiled a list of the 15 AI News Updates Worthy of Investor Attention. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOG) stands against the other AI stocks that are worthy of investor attention.

The advent of artificial intelligence has shaken up the Search business on the internet, a domain where Google has long reigned supreme. With AI models from startups like OpenAI, companies are offering natural language search capabilities to users that are cutting away Google's dominance in the Search market. Latest reports from news publication Bloomberg suggest that Google now faces added pressure with authorities in the US reportedly pushing the firm to spin off its Chrome browser business. The report further claims that authorities are also planning to recommend to a federal judge that Google face antitrust requirements related to AI and its Android mobile operating system.

Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.

The measures are a byproduct of a multilayer case that the Justice Department has built against Google. The government won the first round in the case earlier this year, which sought to prove that the tech giant has a web search monopoly in the US. In the ruling on this case, federal judge Amit Mehta ruled that Google broke antitrust laws in both online search and search text ads markets. Per the Justice Department, the case against Chrome stems from the fact that the browser is a key access point through which many people use Google Search. Chrome controls about 61% of the browser market in the US, according to web traffic service StatCounter.

Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.

For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A laptop and phone open to Google's services in an everyday setting.

Alphabet Inc. (NASDAQ:GOOG)

Market Capitalization: $2.2 Trillion

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. On November 16, investment advisory Morgan Stanley released an investor note on the GenAI market, highlighting that the results of a survey indicated that the use of GenAI for research was still the most common use case, but commercial behaviors, such as shopping, looking up recipes or travel, were rising. The advisory further noted that while travel planning remains lower - less than 20% - the advisory expects product innovation in 2025, like digital travel planners already shown by Google, to potentially drive further behavior change.