5 Best Autonomous Vehicle Stocks to Buy for 2021

2. Alphabet, Inc. (NASDAQ:GOOG)

No of HFs: 162

Total Value of HF Holdings: $14.7 Billion

Alphabet, Inc is headquartered in Mountain View, California. The company has a host of apps and tools tht many consumers use on a daily basis such as google search and google drive.

Check out Tao Value Fund’s comments on GOOG in this article.

“Alphabet (ticker: GOOG) I remain very positive on the long-term future of GOOG. However, I decided to trim slightly to reflect our newest evaluation of the socioeconomic expense (elaborated in our 2019 Q2 letter “General and Market Commentary” section, p3-5). It is still among our top 3 position after the trimming.”

In a separate article, we also mentioned, Baron Opportunity Fund’s comments on the stock,

“Considering solid Fund inflows, we added to long-term holding Alphabet Inc. to maintain its weighting in the portfolio. Alphabet is the parent company of Google, the world’s largest search and online advertising company. We increased our position in Alphabet this quarter as a protracted COVID-19-related recovery in travel and brand advertising presented an attractive buying opportunity. We are encouraged by improving trends in both search and YouTube, driven by durable tailwinds to e-commerce and local advertising, as well as the continued shift of video advertising dollars away from linear television as consumers increasingly cut the cable TV cord. We believe Google is becoming slightly more disciplined in capital allocation than it has been historically. Lastly, Google Cloud, which this quarter achieved a $12 billion revenue run rate under the leadership of Thomas Kurian, is having increasing success competing with larger vendors, due to its strengths in security, open-source, and data analytics.”

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