5 Best Growth Stocks to Buy for the Next 5 Years

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 152

EPS Next 5 Year Ratio: 15.51%

Alphabet Inc. (NASDAQ:GOOG) is a tech giant with an EPS Next 5 Year Ratio of 15.51% which might be too high given the increasing competition from the AI powered Bing if the company doesn’t successfully innovate and adjust. Although AI makes mistakes, many users still find the AI powered Bing useful. According to SimilarWeb, Bing has a 2.98% market share and Google has a 90.88% market share as of January 2023. If Bing begins gaining market share, Google could begin losing market share and Alphabet Inc. (NASDAQ:GOOG)’s stock could face headwinds, making it one of the riskiest stocks on our list.

On the other hand, Alphabet Inc. (NASDAQ:GOOG) is one of the leaders in AI which hasn’t released much of its AI technology for various reasons. In the coming year, Alphabet Inc. (NASDAQ:GOOG) has said it plans to launch some of its products.