15 Stocks ChatGPT Predicts Could Make You Wealthy in 10 Years

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 160

Alphabet Inc. (NASDAQ:GOOG) is one of the world’s leading technology companies by revenue and owns several notable platforms such as Google Search, Google Maps, Gmail, YouTube, and more. It is also known for pioneering work and research in areas such as cloud computing, quantum computing, and artificial intelligence.

The company’s share price has surged 13% since the December 9 unveiling of its latest quantum computing chip, called Willow, which is expected to be useful for large-scale simulation and code-breaking when quantum computing matures. Alphabet Inc. (NASDAQ:GOOG) has said that the technology will help reduce errors exponentially as it scales up using more qubits. Field experts describe this as a major breakthrough that had been pursued for nearly three decades.

Before that, it announced the development of Trillium, its sixth-generation and most performant TPU, which will significantly enhance the efficiency and speed of AI computations. Alphabet Inc. (NASDAQ:GOOG) is well-positioned to thrive in the AI era, due to its world-class research teams, robust infrastructure, and broad global reach.

The company’s financial performance remains robust. On October 29, it reported a consolidated revenue of $88.3 billion for Q3 2024. This was up 15% year-over-year, driven by strong momentum across the business. Google Services contributed $76.5 billion of the revenue. The figure was 13% higher compared to Q3 2023. Google Cloud revenue surged 35% to $11.4 billion during the quarter. Net income increased 34% to reach $26.3 billion.

Alphabet Inc. (NASDAQ:GOOG) is among the stocks ChatGPT predicts could make you wealthy in 10 years. Wall Street analysts are bullish on GOOG, with a consensus Strong Buy rating.