13 Best Big Data Stocks to Buy According to Analysts

9. Alphabet Inc. (NASDAQ:GOOGL)

Upside Potential: 49.91%

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOGL), Google’s parent company, is considered a big data company because it owns and operates several major services and platforms that generate, collect, store, and analyze vast amounts of data. The company’s core business revolves around Google, which handles billions of search queries every day. The data generated through these searches is essential for improving search algorithms, understanding user behavior, and personalizing results. Its advertising services, primarily through Google Ads, rely heavily on big data. Alphabet’s Google Cloud offers a suite of big data services that help businesses analyze large datasets, manage cloud storage, and utilize machine learning tools.

Alphabet’s focus on AI infrastructure and product innovation is seen as a key area of growth, particularly as demand for AI solutions in the cloud grows. The integration of AI in Google Search, such as through AI-powered overviews, is reshaping the search experience. By utilizing large datasets and advanced AI, Google is offering more insightful and relevant search results, improving user engagement and satisfaction. Alphabet Inc. (NASDAQ:GOOGL) continues to enhance Google Cloud to support big data analytics. Tools like BigQuery, a fully managed data warehouse, allow companies to run large-scale data analyses quickly and cost-effectively.