10 Best Stocks to Buy For Long Term Growth

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOGL) is one of the biggest technology companies in the world that ranks fourth on our list. The company owns a range of products, including Google Search, Google Maps, YouTube, Google Cloud, and Waymo. Alphabet’s (NASDAQ:GOOGL) performance in Q3 2024 was predominantly driven by its growing demand for search and cloud due to artificial intelligence. The company generated almost $88.3 billion in revenue, of which cloud revenue reached $11.4 billion, up by 35%. Alphabet (NASDAQ:GOOGL) also launched several AI breakthroughs recently.

The company improved the performance of AI in search by expanding the type of questions people can ask. In addition to that, the company revealed that new Chromebooks would now come with built-in artificial intelligence features. On the shopping front, Alphabet Inc. (NASDAQ:GOOGL) launched a new artificial intelligence tool to help consumers pick the right products supported by generous product details.

Alphabet Inc. (NASDAQ:GOOGL) is a prominent name in AI and cloud. Analysts are also bullish on the stock and their median price target represents an upside of 24% from current levels.