Verizon Communications (VZ): Boosts Sales 40% with Google AI, Powers 28,000 Stores

Insider Monkey
04-18

We recently published a list of Top 5 AI News Moving The Market Today. In this article, we are going to take a look at where Verizon Communications Inc. (NYSE:VZ) stands against other top AI news moving the market today.

Investors continue to pour back into Big Tech stocks after the US government announced temporary tariff relief. For many, this is a signal that the technology sector may not suffer much, and further relief could follow. This is moving the major tech stocks and, with it, the index. The S&P and Nasdaq indices are both up over 4% in the last five trading sessions.

Apart from the tariff developments, some companies are moving based on company-specific news as tech players continue to race ahead in the race for AI supremacy. Some of these companies are surging considerably and still have ample room to go, so you need to look at these developments before the market prices them in.

To come up with our list of top 5 AI news you may have missed, we carefully considered the recent news reports and press releases while ordering the list based on hedge fund sentiment.

A close-up of a financial executive looking intently at their laptop screen, with a wall of financial charts in the background.

Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 74

Verizon is a critical part of the US communications infrastructure, providing technology, information, communications, and entertainment products to a global clientele. The company’s stock has surged 7% over the last 5 trading sessions, an impressive performance for a stock that is usually considered a boring dividend investment.

The recent optimism is due to the company’s use of AI in improving its sales. Last week, CEO Sampath Sowmyanarayan impressed shareholders when he announced that the company had boosted its sales by 40% since deploying Google’s AI tools. These tools have helped the company improve customer service quality by 95%, the positive effects of which will keep coming as we move forward.

Verizon’s AI product called ‘Personal Research Assistant’ is currently being used by 28,000 different retail stores and customer care centers. The real-time personalized answers to customer queries have helped businesses streamline their support operations and brought about a positive impact on their businesses.

Verizon created these products by feeding over 15,000 company documents to a Gemini LLM, showcasing how AI can be used to improve business performance without having to spend outrageous amounts of money.

Overall, VZ ranks 2nd on our list of top AI news moving the market today. While we acknowledge the potential of VZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VZ but that trades at less than 5 times its earnings, 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.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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