1. Alphabet Inc. (NASDAQ:GOOGL)
Market value of shares owned: $3,057,165,959
% of portfolio: 13.38%
Alphabet Inc. (NASDAQ:GOOGL) is one of the top 10 best stocks in Chase Coleman’s Tiger Global portfolio.
On June 4, 2026, IBM (IBM), together with Alphabet Inc. (NASDAQ:GOOGL)’s Google Cloud, launched a new Google Cloud Practice to enhance enterprise AI scaling alongside core system modernization. The new practice integrates IBM Consulting Advantage with Google Cloud’s Gemini Enterprise Agent Platform. Representing a multi-billion-dollar services opportunity, the new practice allows for thousands of certified IBM consultants to help clients deploy enterprise-grade AI agents as well as manage a complex hybrid technology environment. Kevin Ichhpurani, President, Global Partner Ecosystem at Google Cloud, made the following statement.
This partnership significantly expands the pool of expert Google Cloud consultants in the market to meet surging demand for AI.
In a separate development, on June 1, 2026, Piper Sandler raised the price target on Alphabet Inc. (NASDAQ:GOOGL) from $425 to $445. The firm’s analyst Thomas Champion maintained an Overweight rating on the stock. Piper’s first citation analysis of Google’s AI Overview reveals rapid expansion that aligns with surging Search revenue. Though citations do not directly equal revenue growth, the firm, based on the step-function increases since early 2025, confirms that AI queries are now three times longer.
Founded in 2015, 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, as well as healthcare-related services and internet services.
While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about the cheapest AI stock.
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