Coatue’s 35 Most Important AI Stocks

Page 31 of 35

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 160

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. The report for the fourth quarter of 2024 signals robust financial growth, making Alphabet a promising investment choice. For instance, Google Cloud revenues increased 35% to $11.4 billion, which was led by accelerated growth in the Google Cloud Platform across AI Infrastructure, Generative AI Solutions, and core GCP products. Total operating income increased by 34%, and operating margin expanded by 4.5 percentage points to 32%. The company has also developed specialized chips designed to accelerate machine learning tasks called Tensor Processing Units (TPUs). As per analysts, Alphabet’s TPU and DeepMind AI units could be valued at approximately $700 billion, highlighting the significant potential of its AI hardware and research divisions.

Page 31 of 35