5 Best Predictive Analytics Stocks to Buy

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 163

A major player in the technology industry, Alphabet Inc. (NASDAQ:GOOG) is anchored by Google, a search engine that processes billions of daily queries. The company possesses various platforms for video streaming and productivity, with YouTube being a standout asset.
Internally, Google employs predictive analytics to analyze petabytes of data generated from its diverse services, including Search, Maps, Gmail, YouTube, and Cloud. The company possesses extensive expertise and technologies dedicated to storage, processing, analytics, and machine learning.

As of the conclusion of the third quarter in 2023, 163 hedge funds held stakes in Alphabet Inc. (NASDAQ: OOG). The most significant stake during this period was held by Ken Fisher’s Fisher Asset Management, which owns a stake valued at $5.72 billion in the company.

Ensemble Capital Management made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2023 investor letter:

Alphabet Inc. (NASDAQ:GOOG) (+9.32%): Separate from all the discussion of artificial intelligence, Google’s core Search business, having experienced a significant slowdown in 2022, now shows clear signs of reacceleration. While the future of AI and its impact on Google is still subject to a healthy debate, the company seems to have put to bed investor concerns about any rapid negative impact. With Search revenue growth accelerating, and the company rolling out lots of new AI tools, the investor panic from the beginning of the year about AI immediately hurting Google appears to have been overblown.”