5 Most Valuable Data Companies in the World

2. Alphabet Inc. (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) is the parent or holding company of the search engine giant Google. Not only is Google’s primary product, Google Search, a big data analytical platform in its own merit since it processes countless queries everyday and matches relevant content with user intent, but Google’s Google Cloud is a platform that uses machine learning to enable its customers to store data and use analytical models for generating insights.

In its Q2 2021 investor letter, Baron Opportunity Fund highlighted a few stocks and Alphabet Inc. (NASDAQ: GOOG) is one of them. Here is what the fund said:

“Alphabet Inc. is the parent company of Google, the world’s largest search and online advertising company and a top cloud computing player. Shares of Alphabet were up in the quarter given continued recovery in ad spending, strong cloud revenue growth, and improved cost controls. Alphabet’s total revenue grew 32%, beating the Street’s estimate of 25%, with search revenues up 30%, YouTube revenue up 49%, and total cloud revenue up 46% (with Google Cloud Platform growing much faster). Moreover, Google’s operating margins expanded over 1,000 basis points from 19% to just under 30%. We retain high conviction in Alphabet’s merits as it continues to benefit from growth in mobile and online video advertising, which accrues to its core assets of search, YouTube, and the Google ad network. We are further encouraged by Alphabet’s investments in cloud computing, artificial intelligence (AI), autonomous driving (Waymo), and life sciences.”