5 Stocks ChatGPT Said Will Make Me Rich in 10 Years

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 204

Returns Since March 16: 28.3%

Mark Mahaney at Evercore ISI maintains an Outperform rating and a $160 price target on Alphabet Inc. (NASDAQ:GOOGL) shares as of July 26.

Alphabet Inc. (NASDAQ:GOOGL) is another big tech company on our list. It offers Google products like the Android software, Google Chrome, Gmail, and more.

We saw 204 hedge funds long Alphabet Inc. (NASDAQ:GOOGL) in the second quarter, with a total stake value of $17.3 billion.

This is what Weitz Investment Management said about Alphabet Inc. (NASDAQ:GOOGL) in its second-quarter 2023 investor letter:

“The year-to-date’s top contributors Microsoft Corp. (MSFT) and Google parent Alphabet Inc. (NASDAQ:GOOG) (also a top quarterly contributor) have generated an enormous volume of AI-centric headlines. Both are at the vanguard of introducing AI-powered technologies into consumer-facing products, most notably their respective search engine. We trimmed several of the year’s winners on strength, including Meta, Microsoft, Alphabet, CoStar Group, Inc. (CSGP), and CarMax.”

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