30 Best Stocks To Invest In According to Billionaires

4. Alphabet Inc. (NASDAQ:GOOGL)

No. of Billionaire Investors: 33

Total Value of Billionaire Holdings: $22.42 Billion

Alphabet Inc. (NASDAQ:GOOGL) is a leader in AI and owns prominent platforms including Google Search, Google Maps, Gmail, and YouTube. The company holds a dominant position in cloud computing, quantum computing, and artificial intelligence. Alphabet’s extensive integration of AI throughout its product ecosystem places it well for sustained growth and innovation. Gemini AI is a great example of how Alphabet is integrating AI into its core products.

Alphabet Inc. (NASDAQ:GOOGL) posted strong results in Q4 2024, with quarterly revenue of $96.47 billion, up 12% year-over-year. The quarterly results were driven by strong momentum across the business. GOOGL’s total operating income soared 31% during Q4 while its operating margin increased by five percentage points to 32%. The earnings per share came in at $2.15 per share, representing a 31% growth year-over-year and beating estimates by two cents.

Artisan Select Equity Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q4 2024 investor letter:

“Alphabet Inc.’s (NASDAQ:GOOG) stock gained 14% during the quarter. Last quarter, we wrote about how the antitrust case against Alphabet weighed on its share price. It appears that investors are less concerned about this case because it is weak (in our view) and perhaps because they view the incoming Trump administration as less hostile to Alphabet’s position. At any rate, the stock probably got too cheap last quarter; its business fundamentals are strong, and the share price this quarter reflected that.”