5 Most Promising AI Stocks to Buy and Hold for the Next 2 Years

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 265

Projected Long-Term EPS Growth (3-5 years CAGR): ~16%

Alphabet Inc. (NASDAQ:GOOGL) is one of the Most Promising AI Stocks to Buy and Hold for the Next 2 Years. On June 18, WSJ reported that the tech giant targets an ambitious strategy to grab a bigger market share of the most critical market of the current time, i.e., chips powering AI. WSJ noted that Alphabet Inc. (NASDAQ:GOOGL) is supporting an AI data center project, called Lake Mariner, in western New York. This support comes with the financial guarantee of $3.2 billion.

Notably, the developers of the facility would be leasing computing power from thousands of Google TPUs to Anthropic. This paves the way for Alphabet Inc. (NASDAQ:GOOGL) to sell its own AI infrastructure beyond internal use.

In a different update, Reuters reported that Alphabet Inc. (NASDAQ:GOOGL) increased the size of its equity offerings to $84.75 billion. This comes as the big tech giants are expanding ‌AI infrastructure and computing power.

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.