12 Best Major Stocks to Buy According to Billionaires

4. Alphabet Inc. (NASDAQ:GOOGL)

No. of Billionaire Holders: 33

No. of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOGL) is a holding company that operates through subsidiaries. The company provides web-based searches, advertisements, enterprise solutions, software applications, commerce, and hardware products. Google has recently announced its AI Futures Fund, a new initiative that will invest in startups that are building with the latest AI tools from Google DeepMind.

Alphabet Inc. (NASDAQ:GOOGL) reported another strong quarter with revenue of $90.23 billion during Q1 2025, beating estimates by $1.08 billion. The company posted adjusted earnings per share of $2.81, exceeding consensus estimates by $0.80. The strong results were driven by robust performance across Google Search, YouTube ads, and Google Cloud. The cloud revenue soared 28% year-over-year to $12.3 billion, driven by AI Infrastructure and Generative AI demand.

On May 12, Gil Luria from D.A. Davidson downgraded the rating on GOOGL from Neutral to Hold, keeping the price target at $160. Luria addressed Google’s current issues with the Department of Justice (DOJ) and the ongoing antitrust case. The analyst believes that Google is headed toward a “passive-aggressive” spin-off of its Network and potentially Chrome/Android divisions. Luria mentioned that the company will try to appease the DOJ, however, the debate over Google Search will not end anytime soon. Luria also pointed out that the eventual break-up could turn out to be a net positive for Google. Evercore ISI holds an Outperform rating with a price target of $205, following strong quarterly results and robust demand for cloud business.