We recently published a list of 10 AI Stocks Making Waves This Week. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other AI stocks that are making waves this week.

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On May 21, Google and Swedish carmaker Volvo Cars announced that Volvo will now be the lead development partner for Android Automotive software. This would allow it to give its buyers access to new versions and more rapidly deliver the latest Android Automotive OS innovations to customers owning Volvo models with Google built-in.Alphabet Inc. (GOOGL) Taps Volvo as Lead Partner for Android Automotive

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

This includes Google Gemini, demonstrated at Google I/O 2025 in a Volvo EX90.​ Customers will be able to leverage the power of the latest conversational AI technology. Volvo’s cars will also be serving as Google’s reference hardware platforms for future Android development in cars, allowing Volvo to enjoy the latest Android features and enhancements.

“For years, Google and Volvo Cars have collaborated closely to bring cutting-edge technology to connected cars. We’re excited to deepen this partnership, accelerating the pace of innovation that will not only improve the driving experience for Volvo customers but also set new benchmarks for the automotive industry.”

Overall, GOOGL ranks 1st on our list of AI stocks that are making waves this week. While we acknowledge the potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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

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