10 Companies That Are Buying Back Their Stock in 2025

2. Alphabet Inc. (NASDAQ:GOOGL)

Q3 2024 buybacks: $15.29 billion

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOGL) is a global technology conglomerate best known as the parent company of Google, which dominates the search engine market and digital advertising through Google Ads and YouTube. Beyond its core business, GOOGL has expanded into cloud computing, AI, autonomous vehicles (Waymo), and life sciences (Verily). Google Cloud continues to be a key growth driver, competing in enterprise AI and digital transformation solutions.

The strong performance of Alphabet Inc. (NASDAQ:GOOGL) during 2024 (shares up more than 30%) was primarily fueled by Google Cloud, which experienced significant growth, achieving 5x revenue growth in 5 years and becoming the fourth largest enterprise software company globally. GOOGL offers comprehensive AI infrastructure with 40 regions and 121 zones connected worldwide, demonstrating strong capabilities in AI training and inferencing systems – their AI infrastructure shows impressive performance metrics, delivering 3x competitors for training and 2.5x competitors on cost performance basis for inference. The company has seen substantial adoption metrics, with 90% of AI unicorns and 60% of all AI funded startups using their cloud infrastructure. During the latest quarter, management reported significant progress in AI, with Gemini 2.0 rollout and dramatic improvements across compute model capabilities and efficiencies. Going forward, GOOGL expects to increase its investments in capital expenditure for technical infrastructure, primarily for servers followed by data centers and networking, which clearly signals the presence of attractive growth opportunities ahead. Despite this, the company repurchased a whopping $15.29 billion worth of its own shares in 3Q 2024 alone, as a result of record cash flow generated during the year.