AI News Investors Should Not Miss

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6. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. Google CEO Sundar Pichai said recently that the tech giant is investing $3.3 billion in South Carolina to break ground on two new data centers. The move is part of a larger plan to expand cloud and data center infrastructure, create local jobs, and support economic activity in the area.

According to reports, the two new data centers are being built in Dorchester County, which is northwest of Charleston. The South Carolina centers comprise part of a 40-region global network for Google Cloud, which covers more than 200 countries and territories around the globe. The Cloud service marketed by Alphabet Inc. (NASDAQ:GOOG) is the third biggest cloud service in the world, trailing Amazon Web Services and Microsoft Azure.

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