10 High-Flying AI Stocks to Watch Today

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On March 18, the company announced that it would buy Wiz for about $32 billion in a quest to strengthen its position in the cloud-computing race against Amazon.com and Microsoft.

The deal would enable Google with fast-growing cybersecurity solutions that companies use to remove critical risks. It would also test the Trump administration’s willingness to approve significant tech M&A after a few years of tight regulatory scrutiny.

Wall Street is anticipating anti-trust policy changes under President Donald Trump and Andrew Ferguson, his pick who will lead the Federal Trade Commission. Ferguson is expected to ease regulations on mergers and acquisitions. However, Trump said he would continue heavy scrutiny on Big Tech.

“There will likely be a microscope on the deal by investors, given Google’s lackluster historical track record with capital allocation plan, specifically around M&A.”

-Dave Wagner, portfolio manager at Aptus Capital Advisors.

Subject to regulatory approvals, Alphabet expects the deal to close in 2026.