Billionaire George Soros’ Long-Term Stock Picks

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Soros Fund Management’s Stake: $85.9 million

Alphabet Inc. (NASDAQ:GOOGL) is a California-based technology company that owns and runs the internet search engine Google. The following key aspects make this company a standout investment. Firstly, strong profitability and improved cost management, reflecting the company’s operational efficiency, are witnessed in the report for the third quarter of 2024. For instance, total operating income increased by 34%, and operating margin percent expanded by 4.5 percentage points to 32%. Additionally, net income increased 34%, and EPS increased 37% to $2.12, which demonstrates the company’s ability to generate higher earnings for shareholders, signaling strong financial health and potential for sustained growth. Secondly, the integration of advanced AI technologies across all its platforms is a great initiative. The launch of the advanced Gemini chatbot and its improved search engine capabilities would adapt to the changing needs of the world and enhance user experience. Moreover, Google has taken a significant step in its sustainability efforts with a forest carbon removal deal from a Brazilian startup, Mombak. The tech giant aims to buy 50,000 metric tons of carbon credits by 2030 to bolster its fight against climate change.