Tech Billionaire Chase Coleman’s Top 10 Stock Picks

3. Alphabet Inc. (NASDAQ:GOOGL)

Shares held by Tiger Global: 10.30 million

Value of position: $1.71 billion

Alphabet Inc. (NASDAQ:GOOGL) is a leading global technology company known for its dominance in internet search and substantial investments in AI. Google Search, its flagship product, consistently holds around 90% of the global market share, driving the majority of Alphabet’s revenue through advertisement, which in the recent quarter, accounted for 75% of the company’s revenue, with an average growth of 11% over the past three quarters. In Tiger Global, the stocks account for 7.29% of the portfolio, with a value of approximately $1.7 billion.

Another division that reported a substantial increase in revenue is Google Cloud, outpacing competitors like Amazon Web Services and Microsoft Azure, with a 35% growth rate and over $11 billion in quarterly revenue. The global AI market presents solid opportunities for Alphabet, projected to grow from $200 billion to $1 trillion by the end of the decade.

Recent earnings indicate ongoing strength, with trailing twelve-month revenue of $339.86 billion and net income of $94.27 billion. Alphabet Inc. (NASDAQ:GOOGL) also expects substantial growth, with analysts forecasting EPS of $8.94 and revenue of $391.04 billion in 2025.

However, at the moment, Alphabet Inc. (NASDAQ:GOOGL) faces regulatory challenges, including antitrust cases related to its dominance in search and advertising. Some potential outcomes, such as the sale of its Chrome browser, raise investor concerns about operational disruptions. Increased competition in AI could also impact future performance, and other AI-focused stocks may offer higher short-term returns.