10 Best Tech Stocks to Buy According to Billionaires

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Billionaire Investors: 33

Billionaire Holdings: $22.4 Billion

Number of Hedge Fund Holders: 227

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 best tech stocks to buy according to billionaires right now. On Tuesday, June 10, Reuters reported that OpenAI is partnering with Google Cloud to meet its growing need for computing power, citing three sources familiar with the matter.

As both these companies are seen as competitors in AI space, this collaboration is a bit surprising, especially, since OpenAI’s ChatGPT has long been seen as disruptor for Google’s search business. However, the agreement was finalized in May and brings Google into OpenAI’s expanding network of infrastructure providers as it scales training and deployment of advanced AI models.

Google Cloud aims to position itself as a flexible and neutral platform for handling high-performance computing workloads, responding to growing industry demand for infrastructure. As per Reuters, a key factor in securing this agreement was the company’s decision to open access to its proprietary Tensor Processing Units (TPUs) for external partners.

That said, none of the companies have agreed to comment on Reuters’ queries.

Earlier last week, Wing Aviation LLC, a subsidiary of Alphabet, announced its plan to expand ‘Wing’ drone delivery to an additional 100 Walmart stores across selected markets. The companies have highlighted this as world’s largest drone delivery expansion.

On the announcement, Greg Cathey, SVP, Walmart U.S. Transformation and Innovation, stated:

“As we look ahead, drone delivery will remain a key part of our commitment to redefining retail. We’re pushing the boundaries of convenience to better serve our customers, making shopping faster and easier than ever before.”

Alphabet Inc. (NASDAQ:GOOGL) is the parent company of Google and a pioneer in internet-related services and products, including online advertising technologies, search engines, cloud computing, software, and hardware. The company is also a leading investor in data centers and fiber networks, operating a vast global network of data centers that support its cloud services and other digital offerings.