5 Best Big Tech Stocks To Buy Now

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 204

Stephen Ju at Credit Suisse holds an Outperform rating on Alphabet Inc. (NASDAQ:GOOGL) shares as of July 17, alongside a $150 price target.

Alphabet Inc. (NASDAQ:GOOGL) is a renowned big tech company operating in the interactive media and services industry. It is based in Mountain View, California.

We saw 204 hedge funds long Alphabet Inc. (NASDAQ:GOOGL) in the first quarter, with a total stake value of $17.7 billion.

Madison Investments mentioned Alphabet Inc. (NASDAQ:GOOGL) in its second-quarter 2023 investor letter:

“In the second quarter, the top five contributors to performance were Alphabet Inc. (NASDAQ:GOOG), Copart, Alcon, Parker-Hannifin, and PACCAR. Last quarter, we discussed our view on Alphabet and how they are positioned against the competitive threat from artificial intelligence technology. During the quarter, Alphabet made a series of announcements demonstrating how they are incorporating AI into their existing services as well as new products. While the market seems to be coming around to our point of view, we remain on the lookout for any incremental technological developments.”

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