Billionaire Lee Cooperman’s Top 15 Long-Term Stock Picks

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6. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Omega Advisors’ Stake: $107.8 million

Alphabet Inc. (NASDAQ:GOOGL) is a California-based technology company that owns and runs the internet search engine Google. The following strengths make Alphabet a standout option for investors. For instance, as illustrated in the third quarter report of 2024, consolidated Alphabet revenues increased 15%, or 16% in constant currency, year over year to $88.3 billion, reflecting strong momentum across the business. Also, total operating income increased by 34%, and operating margin percent expanded by 4.5 percentage points to 32%. Secondly, the company’s commitment to invest in AI infrastructure also holds great potential for investors. Alphabet announced a $3.3 billion investment to construct two new data centers in South Carolina. Moreover, the company has announced Gemini 2.0, a new AI model for the agentic era that puts Alphabet at the forefront of AI innovation.

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