Billionaire Ken Fisher’s Latest Portfolio: 5 Best AI Stocks to Buy

4. Alphabet Inc. (NASDAQ:GOOGL)

Billionaire Ken Fisher’s Stake: $11.93 billion

Alphabet Inc. (NASDAQ:GOOGL) is sitting on $242.8 billion in signed contracts and subscriptions (RPO), up 55% quarter over quarter. Despite AI-related fears that chatbots will eat search traffic, AI features are helping the company monetize in new ways: AI-powered search answers can include sponsored content, YouTube’s AI recommendations increase watch time and ad impressions, and enterprise clients pay for AI tools through Google Cloud and Workspace. The stock trades at roughly 25× forward earnings, close to the tech sector average and slightly below peers like Microsoft and Amazon, putting it in a reasonable valuation range after the recent selloff.

Gemini ecosystem is Google’s answer to saving its search business in the long term. Gemini now has over 750 million monthly active users. The company is testing ads inside AI-generated answers and showing sponsored links below AI responses. Some analysts believe ads in Gemini could convert better compared with the tradtional mode. Google uses AI to better identify commercial intent, with early data indicating engagement levels comparable to traditional search ads. AI queries are typically three times longer and more detailed, helping Google better understand user intent and deliver more relevant, higher-priced ads, particularly in high-value areas such as shopping, travel, finance, and local services where monetization remains strongest.

GOOG ranks fourth in our list of the best AI stocks to buy according to Billionaire Ken Fisher.

Montaka Global Investments stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its Q4 2025 investor letter:

Alphabet Inc. (NASDAQ:GOOGL) has large, valuable core businesses that are clear beneficiaries of larger and more powerful AI models. Therefore, any ‘excess’ capacity that might materialise from the data centre buildout over the coming years will more rapidly be absorbed by their internal needs. So overall, we see the existence of large, tech/AI-enabled non-cloud businesses attached to the hyperscalers, not as a risk, but as a major strategic advantage (Click here to see the full text).