10 Best NASDAQ Stocks to Buy According to Billionaires

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Funds: 234

Number of Billionaire Investors: 33

Value of Billionaire Holdings: $22,418,594,670

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate that is known for its Google search engine and related services. The company operates through three main business segments including the Google Services, Google Cloud, and Other Bets segments.

On April 25, BMO Capital analyst Brian Pitz reiterated their bullish stance on the stock. The analyst noted that the company’s search segment has shown growth, notably the FX Neutral Search increase of 12%, exceeding company forecasts. The analyst also highlighted that the AI overviews which were introduced recently are being adopted quickly. This has also resulted in 50% more users since October. In addition, the cloud platform is also experiencing high demand with a growth rate of 28%, which is in alignment with Alphabet Inc.’s (NASDAQ:GOOGL) expectations.

During the fiscal first quarter of 2025, Alphabet Inc. (NASDAQ:GOOGL) grew its revenue by 12% year-over-year to reach $90.2 billion. The Google Services segment was the largest contributor with $77.3 billion in revenue, reflecting a 10% increase. However, the Google Cloud segment experienced the fastest growth with revenue growing 28% year-over-year. Alphabet Inc. (NASDAQ:GOOGL) is one of the best NASDAQ stocks to buy according to billionaires.

Wedgewood Partners stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q1 2025 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) also detracted from performance during the quarter, despite of +13% growth in its core search business and over +20% growth in segment income for Google Services. The Company’s search results are beginning to beneit from the addition of “GenAI” (generative arti icial intelligence) responses being added, which monetize at a nearly similar rate as traditional search results do. Alphabet’s Google subsidiary serves billions of users per day, so it is no mean feat to be able to offer GenAI to users free of charge. Google has long been at the forefront of AI hardware and software R&D, irst rolling out its Tensor Processing Units (TPU) to run machine-learning operations across massive datasets almost a decade ago. The Company should be able to continue to drive growth thanks to these large long-term investments in AI and other technical software and infrastructure.”