12 Stocks Most Held by Hedge Funds

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Investors: 202

Alphabet Inc. (NASDAQ:GOOGL), the parent company of Google, has grown to become one of the world’s most influential and innovative companies, driving advancements in search, advertising, cloud computing, and artificial intelligence (AI). With a diverse portfolio that includes Google Search, YouTube, Google Cloud, and Waymo, Alphabet Inc. (NASDAQ:GOOGL) is at the forefront of the digital transformation, shaping the way people interact with information, entertainment, and technology.

Alphabet Inc. (NASDAQ:GOOGL) is integrating AI across its core products and platforms to enhance user experiences and drive growth. In search, recent advancements such as AI Overviews, Circle to Search, and Lens are transforming how users interact with information. These AI-driven features are not only enhancing user experiences but also creating new opportunities for advertisers as the company introduced shopping ads within Lens and AI Overviews. Alphabet Inc. (NASDAQ:GOOGL) is also expanding its AI capabilities to YouTube, where the integration of Google DeepMind’s video generation model, VO, into YouTube Shorts will help creators produce more engaging content.

Alphabet Inc. (NASDAQ:GOOGL) is also investing in state-of-the-art infrastructure, from data centers in the US, Thailand, and Uruguay to clean energy initiatives, such as the corporate agreement to purchase nuclear energy from small modular reactors. These investments are not only aimed at supporting AI efforts but also at driving efficiencies and sustainability. For instance, Alphabet Inc. (NASDAQ:GOOGL) has significantly reduced the cost per query for AI Overviews by more than 90% in just 18 months.