5 Stocks That Will Make You Rich in 5 Years According to ChatGPT

3. Alphabet Inc Class C (NASDAQ:GOOG)

Number of Hedge Fund Investors: 221

Several research reports from the ads industry show ad spending is picking up, driven by expectations that the much-feared recession might never materialize and the Fed would start cutting rates in 2024. As Alphabet Inc Class C (NASDAQ:GOOG) remains the leader in the ads and search industry, this development would help Alphabet Inc Class C (NASDAQ:GOOG). Google saw a 9.5% rise in ad revenue for the third quarter.

In addition to online search, ChatGPT said Alphabet Inc Class C (NASDAQ:GOOG) is a strong play due to AI and “potential growth” in Cloud.

Here is what White Brook Capital has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2023 investor letter:

“The magnificent seven, that underpin the S&P 500 performance, which includes Alphabet Inc. (NASDAQ:GOOG), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”