13 Best Fortune 500 Stocks to Invest in Now

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5. Alphabet Inc. (NASDAQ:GOOGL

Number of Hedge Fund Holders: 219

With significant hedge fund interest, Alphabet Inc. (NASDAQ:GOOGL) secures a spot on our list of the 13 best Fortune 500 stocks to invest in now.

On October 15, 2025, Goldman Sachs increased its price target on Alphabet Inc. (NASDAQ:GOOGL) from $234 to $288, maintaining a “Buy” rating.

The investment firm’s price revision comes ahead of Alphabet Inc. (NASDAQ:GOOGL)’s third-quarter earnings. Goldman Sachs cited the company’s strong positioning as one of the most AI-leveraged companies in the digital advertising space. This view has gained investor attention, as the company’s share price has increased by 50% since the last earnings preview, the firm added, according to TipRanks.

Furthermore, the firm included growing adoption of Alphabet Inc. (NASDAQ:GOOGL)’s Gemini app, sustained strength in core Search, and a more favorable-than-expected outcome in the ongoing Search antitrust case as key growth drivers.

On the previous day, Alphabet Inc. (NASDAQ:GOOGL) announced that it is looking to invest $15 billion to establish its first Artificial Intelligence hub in Visakhapatnam, India.

The project, which will span from 2026 to 2030, will boast gigawatt-scale data center operations, new large-scale energy sources, and an expanded fiber-optic network. To enhance connectivity on India’s eastern coast, Alphabet Inc. (NASDAQ:GOOGL) plans to build a major international subsea gateway, which will extend existing landings in Mumbai and Chennai.

Alphabet Inc. (NASDAQ:GOOGL), a global technology conglomerate, is known for its core businesses including Search, YouTube, Android, Chrome, and Google Cloud Platform.

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