5 Best Monopoly Stocks to Buy According to Hedge Funds

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 265

Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Monopoly Stocks to Buy According to Hedge Funds. On July 7, Cognizant announced a significant expansion of its partnership with Google Cloud. This further broadens the ways companies bring Gemini Enterprise to clients and deepens Cognizant’s internal use of the technology.

The collaboration is based on the dedicated Gemini Enterprise practice announced in April, with Cognizant and Google Cloud bringing jointly delivered solutions, portfolio of reusable agents as well as certified Cognizant Frontier Certified Engineers. They will work directly within client environments to ramp up the time to value on Gemini deployments.

In a separate release, analyst Laura Martin from Needham maintained a “Buy” rating on Alphabet Inc. (NASDAQ:GOOGL)’s stock and maintained a price objective of $450.00. The rating is backed by the company’s expanding AI strategy and improved fundamentals. The analyst noted Alphabet Inc. (NASDAQ:GOOGL)’s build-out of an enterprise-focused AI ecosystem around Gemini, aided by partnerships with companies such as Cognizant, which continue to embed Gemini into the client workflows and internal processes.

Alphabet Inc. (NASDAQ:GOOGL) is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more. The company also offers cloud infrastructure and platform services, collaboration tools, and other services for enterprise customers.