10 Most Profitable Stocks of the Last 10 Years

8. Alphabet (NASDAQ:GOOG)  

10-Year Net Income CAGR: 20.96%  

TTM Net Income: $87.66 Billion  

Number of Hedge Fund Investors: 165  

Alphabet (NASDAQ:GOOG) is the parent company of Google, the world’s largest search engine, and a leader in digital advertising, cloud services, and artificial intelligence. Alphabet’s (NASDAQ:GOOG) diverse portfolio includes YouTube, Google Cloud, and Android, giving it a dominant presence across multiple sectors. The company continues to invest in innovative areas such as autonomous vehicles (Waymo) and life sciences (Verily).

Despite facing numerous challenges and threats to its dominance, Alphabet (NASDAQ:GOOG) remains a resilient company with a strong track record of innovation and growth. The company is growing its presence in emerging areas such as cloud computing, artificial intelligence, and online video.

Alphabet’s (NASDAQ:GOOG) Google search business remains a cash cow, with a market share of over 90% and growing search volumes. The company’s YouTube platform is the largest video-sharing platform in the world, with a vast library of content and a growing subscription base. Google Cloud is also gaining traction and a growing market share in the cloud infrastructure market. Furthermore, Alphabet’s (NASDAQ:GOOG) investments in artificial intelligence, including its Gemini AI platform, position the company for future growth and innovation.

Alphabet (NASDAQ:GOOG) has a long history of investing in research and development, this investment has led to the development of products and services such as Google Cloud, Google Assistant, and Google Home, which have become major contributors to the company’s revenue growth. Alphabet’s (NASDAQ:GOOG) commitment to innovation and R&D has also enabled the company to stay ahead of the competition and maintain its leadership position in the technology industry.

Alphabet (NASDAQ:GOOG) is a compelling investment due to its dominant position in search, its growing presence in emerging technologies such as cloud computing and artificial intelligence, and its strong financial performance. The company’s commitment to innovation and R&D, combined with its strong track record of growth and profitability, make it an attractive investment opportunity for those looking to benefit from the growth of the technology industry. Analysts estimate Alphabet’s (NASDAQ:GOOG) earnings will grow by 27.63% this year. With a consensus Buy rating from industry analysts, the stock has a target price of $198.85, which represents a 17.47% upside potential from its current level.