5 Near Monopoly Stocks in the US

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In this article, we will take a look at 5 of the near-monopoly stocks in the US. If you want to see more stocks in this selection, go to the Monopoly Definition and 11 Near Monopoly Stocks in the US.

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 163

Alphabet Inc. (NASDAQ:GOOG), a notable presence in the technology industry, is anchored by Google, a search engine processing billions of daily queries. The company boasts diverse platforms for video streaming and productivity, with YouTube standing out as a notable asset. Additionally, Alphabet Inc. (NASDAQ:GOOG) is involved in the retail of electronic devices, including smartphones, ultra-thin notebooks, and speakers.

In addition to Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOG)’s Google commands a substantial 97% market share in the web browser segment. According to experts, Google’s disruptive impact on the search advertising industry has automated various tasks, leading to a global job loss of 199,000 people.

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

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.”

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