Billionaire Ken Fisher’s Top 13 Growth Stock Picks

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5. Alphabet Inc. (NASDAQ:GOOGL)

Fisher Asset Management’s Equity Stake: $9.58 Billion

Number of Hedge Funds Holding Stakes: 234

Alphabet Inc. (NASDAQ:GOOGL) is a tech giant best known for its search engine Google. It also generates most of its revenue from advertising on Google Search and YouTube. The company is also one of the three key global cloud services industry players.

Alphabet Inc. (NASDAQ:GOOGL) is banking heavily on AI to strengthen its growth metrics on Google services and cloud computing. CEO Sundar Pichai explicitly pointed out that AI is already a huge part of the company’s revenue streams and is expected to be a key growth driver.

He said: “Q4 was a strong quarter driven by our leadership in AI and momentum across the business. We are building, testing, and launching products and models faster than ever, and making significant progress in compute and driving efficiencies.”

Revenue in the quarter increased 12% year-over-year to $96.5 billion, thanks to the $84.1 billion from the Google Services segment. Nevertheless, Google Cloud revenues surged the most by 30% to $12.0 billion. The growth was primarily driven by Google Cloud Platform core products, AI Infrastructure, and Generative AI Solutions.

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