Google parent company Alphabet (GOOGL) is quickly emerging as a winner in the artificial intelligence (AI) space, according to Mizuho Financial Group (MFG).
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In fact, Mizuho is so bullish on Alphabet’s growing dominance that it says the technology company has “already won the AI game.” Analyst Jordan Klein says his belief that Alphabet is now leading in AI comes after he gathered feedback from 15 portfolio managers.
Klein wrote in a note to clients that “GOOG by far the most liked and owned name,” adding that investors “sounded more confident and bullish GOOG right now than maybe NVDA,” referring to leading AI chipmaker Nvidia (NVDA).
Google to Dominate AI
The Mizuho analyst goes on to write that Alphabet “has all the best qualities and technology to dominate AI into next year.” This includes growing enthusiasm for Gemini 3, Alphabet’s latest and most advanced AI model.
Klein stresses that Gemini 3 puts Alphabet firmly in the lead when it comes to AI, noting that OpenAI recently acknowledged that it needs to “catch up.” Alphabet is also ahead when it comes to making its own custom microchips, and Google Search is well-positioned to “monetize and leverage AI agents and technology to gain share and grow even faster.”
Is GOOGL Stock a Buy?
The stock of Alphabet has a consensus Strong Buy rating among 38 Wall Street analysts. That rating is based on 31 Buy and seven Hold recommendations issued in the last three months. The average GOOGL price target of $312.00 implies 3.92% upside from current levels.
