10 Best Growth Stocks To Invest In Now

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet’s (NASDAQ:GOOGL) ranks fourth on our list of the best growth stocks to invest in. The company’s performance in Q3 2024 was driven by its growing demand for search and cloud due to artificial intelligence. Aligning with its AI strategy, Alphabet Inc. (NASDAQ:GOOGL) recently revealed that new Chromebooks would now come with built-in artificial intelligence features. On the shopping front, the company also launched a new artificial intelligence tool to help consumers pick the right products. As of Q3 2024, all products and services with more than 2 billion monthly users use Gemini models. Extending beyond its products, Alphabet Inc. (NASDAQ:GOOGL) is also working to offer Gemini more broadly to developers.

Alphabet Inc. (NASDAQ:GOOGL) is a prominent name in AI and cloud. On October 30, CFRA Research Senior Equity Analyst, Angelo Zino, joined Yahoo Finance to share his outlook on GOOGL. Zino suggested that the growing role of AI in search has been a primary challenge for the company, but emphasized that the company is navigating through it well. He also added that he is happy with how the company is adapting to the evolution and remains bullish on the stock and its future potential.