12 High Flying AI Stocks This Week

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On February 4^th, the company reported its fourth-quarter results after markets closed. Revenue of $96.47 billion for the company fell short of the $96.56 billion expected by analysts polled by LSEG. Meanwhile, earnings per share of $2.15 exceeded the $2.13 consensus estimate. The company’s cloud revenue was disappointing at $11.96 billion during the quarter, compared to $12.19 billion expected by Wall Street. The company further noted that it will spend $75 billion on its AI buildout this year, which was 29% more than Wall Street expected. As per LSEG data, Wall Street was expecting 2025 capital expenditures of about $58 billion, a modest increase from $52.5 billion spending in 2024. Defending this expenditure, CEO Sundar Pichai said that Google’s Gemini family of AI models is comparable in efficiency to DeepSeek.

“The cost of actually using (AI) is going to keep coming down, which will make more use cases feasible. The opportunity space is as big as it comes, and that’s why you’re seeing us invest to meet that moment.”

-Sundar Pichai.