Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Best AI Stocks to Buy in June.
On June 3, the company said its Gemini app engagement doubled to over 900 million monthly active users as of May, compared to the same period last year, according to a .com
The company said paid subscriptions grew to 350 million users, while AI Overviews now serve more than 2.5 billion users monthly. Across its platforms, Alphabet processes 3.2 quadrillion tokens monthly. Given the growing number of users of the Gemini app, the technology firm announced an $84.75 billion capital raise to fund artificial intelligence infrastructure expansion.
Out of 72 analyst ratings compiled by CNN, 86% rated Alphabet Buy, while 14% assigned it Hold. The stock has an average price target of $430, a 16.68% upside from the current price of $368.53. Alphabet Inc. (NASDAQ:GOOGL) is a holding company that engages in software, health care, transportation, and other technologies.