We recently compiled a list of the 9 AI Stocks Investors Are Monitoring. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against the other AI stocks. The European Commission has recently issued guidelines intended to standardize rules across the AI industry in Europe.

Alphabet shares fell 8% on Wednesday as investors balked at the Google parent's slowing cloud growth and planned $75 billion capital spending for the year, underscoring growing fears over Big Tech's escalating artificial intelligence costs.

CEO Sundar Pichai defended the dramatic increase on a conference call with analysts, who are raising new questions about capital spending.