Billionaire George Soros Stock Portfolio: Top 10 Stock Picks

7. Alphabet Inc. (NASDAQ:GOOGL)

Soros Fund Management’s stake as of Q3: $86.5 million

Alphabet Inc. (NASDAQ:GOOGL) is a leading tech giant with a diverse portfolio, including Google Services, Google Cloud, and other services. The company offers products such as Google ads, Google Chrome, Search, and YouTube, holding a dominant position in each of these markets.

UBS maintained its Neutral rating on GOOGL shares with a price target of $192 back in November. The firm pointed out the DOJ’s Initial Proposed Final Judgment, which suggested remedies in the wake of a court order that designated Google as a monopoly in the search sector. UBS said the proposed constraints are consistent with past DOJ rules from August and October, which may pose long-term revenue threats to the company. That said, Alphabet Inc. (NASDAQ:GOOGL) plans to appeal the ruling and seeks an injunction.

For Q3 2024, GOOGL reported a 15% year-over-year increase in consolidated revenue, reaching $88.3 billion. One of the primary drivers of this growth was the Cloud segment, with revenue surging from 35% year-over-year. This was led primarily by AI infrastructure and GenAI solutions within the Cloud Platform services.

Cooper Investors Global Equities Fund (Hedged) stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its Q3 2024 investor letter:

Alphabet Inc.’s (NASDAQ:GOOGL) operating performance remains strong with sales growing 14% in the most recent quarter. Highlights included the ongoing secular growth of digital advertising driving Google search (+14%), YouTube’s continued success as a leading content platform (+13%) and the performance of the Cloud business (+29%). In conjunction with this strong sales momentum, Alphabet’s increased focus on expenses is delivering margin expansion such that Operating Income grew 26%.