5 Most Profitable Tech Stocks in 2023

3. Alphabet Inc. (NASDAQ:GOOG)

Latest TTM Net Income: $59.9 billion

Alphabet Inc. (NASDAQ:GOOG) is one of the largest technology companies in the world with lucrative internet, entertainment, enterprise, and other businesses. It is another big tech stock that is rated Strong Buy on average by analysts, and Alphabet Inc. (NASDAQ:GOOG) has one of the biggest artificial intelligence software divisions in the world which lends it a great head start in today’s competitive landscape.

During Q2 2023, 152 out of the 910 hedge funds surveyed by Insider Monkey had bought a stake in Alphabet Inc. (NASDAQ:GOOG). Ken Fisher’s Fisher Asset Management is the company’s biggest stakeholder, through a $5.1 billion stake that comes via 42.2 million shares.

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