12 Best Big Name Stocks to Invest in Now

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3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holdings: 202

Alphabet Inc. (NASDAQ:GOOGL), the parent company of Google, is a global technology conglomerate with a diverse portfolio of innovative businesses. The company is known for pioneering work in search, advertising, cloud computing, and artificial intelligence (AI).

Alphabet Inc. (NASDAQ:GOOGL) is prioritizing the development and integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies. The company is making significant investments in its AI platform, Gemini, which powers various applications and services, including search, advertising, and cloud computing. Through Gemini, Alphabet Inc. (NASDAQ:GOOGL) seeks to transform technology interactions, making them more intuitive and user-friendly. Additionally, the company is leveraging AI to enhance its advertising business by introducing innovative ad formats and platforms that utilize machine learning to deliver more targeted and engaging user experiences.

Beyond its AI initiatives, Alphabet Inc. (NASDAQ:GOOGL) is focusing on the growth of its cloud computing division, Google Cloud. The company is investing in the development of new cloud-based services and platforms, such as its AI-driven cloud platform, Vertex, and its advanced data analytics solution, BigQuery.

Moreover, Alphabet Inc. (NASDAQ:GOOGL) is exploring the autonomous vehicle sector through its subsidiary, Waymo. Waymo has achieved notable advancements in autonomous driving technology and has established partnerships with major automotive companies, including Uber and Hyundai, to expand its reach and capabilities.

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