20 Stocks That Should Double in 3 Years

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3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 219

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks that should double in 3 years. On October 23, Alphabet Inc.’s Google and Anthropic PBC, which is a rapidly growing AI startup, announced a significant deal that will deepen their existing partnership. The agreement involves Google supplying Anthropic with up to 1 million of its specialized tensor processing units/TPUs, which are custom-designed chips used to accelerate ML workloads.

The arrangement is reportedly worth tens of billions of dollars and is slated for TPU deployment in 2026, bringing more than a gigawatt of capacity online relatively soon. This deal is one of the largest commitments yet in the AI hardware arms race, securing vastly more computing capacity for Anthropic.

By tapping into Google’s TPUs, Anthropic gains access to advanced chip infrastructure outside of Nvidia Corp.’s (NASDAQ:NVDA) offerings, reducing its reliance on scarce and costly GPUs. Google has already invested ~$3 billion in Anthropic, including $2 billion in 2023 and another $1 billion early this year.

Alphabet Inc. (NASDAQ:GOOGL) offers various products and platforms in the US, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America through Google Services, Google Cloud, and Other Bets segments.

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