Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness

7. Alphabet (NASDAQ:GOOGL)

AQR Capital Management Equity Stakes: $555.98 Million

Number of Hedge Fund Holders: 234

Alphabet (NASDAQ:GOOGL) is a technology company that owns a diverse portfolio of companies engaged in internet search, advertising and cloud computing. It is one of the best blue chip AI stocks to buy, according to Billionaire Cliff Asness, as a market leader in digital advertising and the fact that it owns valuable internet brands YouTube and Google.

Alphabet (NASDAQ:GOOGL) has been investing in artificial intelligence as it looks to strengthen its search and digital advertising businesses. In the fourth quarter, advertising alone on Google Search generated $54 billion of the total $96 billion. Likewise, the business allowed the company to generate $100 billion in net profit in 2024 on $350 billion in revenue.

In a bid to accelerate growth in search and digital advertising, the company has been integrating AI into its service offerings. Its Gemini AI model currently powers Google’s products, which have over 2 billion users. Likewise, the tech giant is also integrating AI features as it looks to strengthen its edge in cloud computing. Google Cloud posted a 30% year-over-year growth in the fourth quarter, attributed to strong demand for the company’s AI-powered data analytics solutions. Analysts expect the company’s earnings to grow at an annualized rate of 17%, which affirms robust underlying growth.