10 High Profit Margin Stocks to Buy Now

3. Alphabet Inc. (NASDAQ:GOOGL)

TTM Net Profit Margin: 30.86%

Number of Hedge Fund Holders: 227

Alphabet Inc. (NASDAQ:GOOGL) is one of the high profit margin stocks to buy now. On June 30, Google announced an investment in nuclear fusion, which is a power source not yet successfully deployed globally. The tech giant revealed plans to purchase 200 megawatts of power from a proposed nuclear fusion plant in Chesterfield County, Virginia, which is being developed by Commonwealth Fusion Systems/CFS.

This technology is based on research from MIT. Additionally, Google will increase its existing equity investment in Commonwealth, adding to the over $2 billion the company has already raised. The exact size of Google’s new investment was not disclosed, but CFS co-founder and CEO Bob Mumgaard indicated it would be comparable to the previous Series B funding round of $1.8 billion in 2021.

This shows Google’s commitment to its pledge to match its global electricity use with 24/7 carbon-free power by 2030, which was a goal set by Alphabet. The International Atomic Energy Agency estimates that fusion could produce 4x more energy per kilogram of fuel than fission and ~four million times more energy than burning oil or coal, without releasing carbon dioxide, the primary gas contributing to global warming.

Alphabet Inc. (NASDAQ:GOOGL) offers various products and platforms and operates through Google Services, Google Cloud, and Other Bets segments.