Alphabet Inc. (GOOGL) Is A Top AI Stock To Buy According To Billionaire Jeffrey Talpins

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Best Stocks to Buy According to Billionaire Jeffrey Talpins.

Technology giant Alphabet Inc. (NASDAQ:GOOGL)’s shares are up by 103% over the past year and by 14% year-to-date. The shares closed 9.9% higher on April 30th after the firm reported its first quarter earnings on the 29th. The results saw Alphabet Inc. (NASDAQ:GOOGL) post $109 billion in revenue and $2.62 in adjusted earnings per share to beat analyst estimates of $107 billion and $2.63. Crucially, Alphabet Inc. (NASDAQ:GOOGL)’s Google Cloud revenue of $20.03 billion also beat analyst estimates of $18.05 billion. Banking giant Morgan Stanley discussed the firm on June 30th. It reiterated an Overweight rating and raised the share price target to $415 from $375. As part of its coverage, the bank discussed Alphabet Inc. (NASDAQ:GOOGL)’s fundamentals and commented that they appeared to be improving to create a tactical buying opportunity.

Alphabet Inc. (GOOGL) Is A Top AI Stock To Buy According To Billionaire Jeffrey Talpins

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Part of the optimism surrounding Alphabet Inc. (NASDAQ:GOOGL) is due to its AI products. On this front, a report from the Financial Times suggested on June 28th that the firm had restricted social media giant Meta’s access to its Gemini model due to high usage. Alphabet Inc. (NASDAQ:GOOGL)’s cloud backlog also doubled to more than $460 billion in the first quarter.

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