10 Best Stocks to Buy According to Billionaire Ken Fisher

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4. Alphabet Inc. (NASDAQ:GOOGL)

Total Number of Shares Owned: 48,620,515

Total Value of Shares Owned: $8,856,226,893

Number of Hedge Fund Investors: 216

Alphabet Inc. (NASDAQ:GOOGL), parent company of Google, specializes in internet-based services, advertising, and artificial intelligence innovation. Google Cloud has seen substantial growth, with Q2 2024 revenues reaching $8.5 billion—a 25% year-over-year increase—as businesses increasingly adopt cloud solutions. With robust infrastructure and advanced technology, Alphabet is well-positioned to capture a growing share of this expanding market.

Alphabet Inc. (NASDAQ:GOOGL)’s strong balance sheet and cash flow enable strategic investments in growth, research and development, and acquisitions, providing a solid foundation to navigate market fluctuations and support ongoing expansion.

In Q3 2024, Alphabet Inc. (NASDAQ:GOOGL) posted impressive results, achieving an EPS of $2.12, beating forecasts by $0.27, and recording revenue of $88.27 billion, surpassing expectations by $2.05 billion. With its Q4 earnings announcement on January 30, 2025, analysts project a steady EPS of $2.12 and revenue of $96.57 billion. Over the last 90 days, Alphabet Inc. (NASDAQ:GOOGL) has received 31 upward EPS revisions, reflecting strong investor confidence in its continued growth and leadership in the tech industry.

Diamond Hill Large Cap Strategy stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q2 2024 investor letter:

“Among our top individual contributors in Q2 were Amazon, Texas Instruments and Alphabet Inc. (NASDAQ:GOOG). Media and technology company Alphabet also continued delivering strong results in its search, YouTube advertising, YouTube subscription and cloud businesses. Shares rose amid an environment that continues favoring mega-cap technology companies.”

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