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Is Alphabet (GOOG, GOOGL) Still The Best AI Stock to Buy After Latest Post-Earnings Surge?

We just covered Here is How Billionaire Philippe Laffont’s Top 10 Picks Crushed The Market. Alphabet Inc. (NASDAQ:GOOGL) ranks #6 (see the Here is How Billionaire Philippe Laffont’s Top 5 Picks Crushed The Market).

YTD Stock Performance: +22%

Philippe Laffont’s Stake: $2.14 Billion

The market is finally realizing the Alphabet’s edge over competitors: a diversified portfolio of businesses across multiple domains. Its latest quarterly results showed Google Cloud revenue jumped 63% year over year. AI chips and video are other growth catalysts that will pay off in the coming months.

Despite fears that AI would crush Alphabet Inc’s (NASDAQ:GOOGL) bread and butter (Google search business), the stock is up more than 132% over the past 12 months. But can it keep running?

Alphabet Inc. (NASDAQ:GOOGL) is using the obstacle as a way of growth. It proactively embraced AI and used its giant ecosystem to its advantage. Google still has over 90% of the total market share in search. Google Gemini App has reached 750 million monthly active users (MAU)—a massive surge from the 450 million seen at the start of 2025. Alphabet shows ads in about 25% of these AI results to capture users with strong intent for shopping.

Alphabet Inc. (NASDAQ:GOOGL) is also foraying into the AI hardware space. Google is reducing its reliance on expensive Nvidia chips by developing its own hardware, known as Tensor Processing Units (TPUs). A long-term deal with Broadcom secures this chip supply through 2031, helping Google lower costs while building a massive AI infrastructure. External companies are already buying into this system, with Anthropic planning to use 3.5 gigawatts of Google’s TPU power starting in 2027. This shift shows that Google is successfully turning its custom silicon into a high-demand product for the broader AI market.

L1 Capital International Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its Q1 2026 investor letter:

“Portfolio adjustments during the March 2026 quarter were relatively modest, but deliberate. Alphabet’s share price has more than doubled over the past 12 months. This reflects strong performance in core Search, continued momentum in Google Cloud Platform, and better-than-expected progress in…”(Click Here to Read the Letter in Detail).

Photo by Firmbee.com on Unsplash

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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