5 Best Blue Chip Stocks To Buy According to Hedge Funds

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 204

After suffering earlier this year amid AI-related pressures, Alphabet Inc. (NASDAQ:GOOG) is back with a vengeance. Alphabet Inc. (NASDAQ:GOOG)’s Bard service is getting a lot of popularity on the web due to its impressive performance. Alphabet Inc. (NASDAQ:GOOG) also plans to roll out AI-powered search for billions of people in the near future. Alphabet Inc. (NASDAQ:GOOG) recently revealed some tools at the Google Marketing Live event that will help marketers in creating ad campaigns. With a huge prowess and user base, Alphabet Inc. (NASDAQ:GOOG) is one of the top blue chip stocks poised to grow on the back of the AI revolution.

A total of 204 hedge funds in Insider Monkey’s database held stakes in Alphabet Inc. (NASDAQ:GOOG) as of the end of the first quarter of 2023. The biggest stakeholder of Alphabet Inc. (NASDAQ:GOOG) was Harris Associates of Natixis Global Asset Management which had a $3.8 billion stake in the company.