There has been no shortage of excitement for shareholders of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) this year.

The tech giant entered the year in a code red, scrambling to come up with a response to OpenAI's ChatGPT. Since then, the battle for the future of artificial intelligence (AI) has only heated up as Microsoft, which has invested $13 billion in OpenAI, launched a new version of Bing, powered by ChatGPT technology.

After stumbling the first time it introduced Bard AI, its own AI chatbot, Alphabet redeemed itself at its I/O Conference in May, and the stock has surged since then. Year to date, Alphabet has been a big winner, up roughly 40%, but Wall Street thinks it could have more gains in store.

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Source Fool.com