Why Alphabet (GOOGL) Is Building Its Enterprise AI Case Around Google Cloud and HSBC

Alphabet Inc. (NASDAQ:GOOGL) is one of Kevin O’Leary’s top stock picks for 2026 through the O’Shares U.S. Quality Dividend ETF. The stock made up 5.79% of the ETF as of June 17, 2026. On June 17, 2026, HSBC and Google Cloud announced a multi-year partnership to build and deploy AI capabilities across HSBC’s global operations. The program will use Gemini models, Google Cloud infrastructure, Google DeepMind engineering support, and the Gemini Enterprise Agent Platform to expand AI use across the bank.

HSBC expects the partnership to support more than 200 new AI use cases over the next two years, adding to more than 600 HSBC applications already running on Google Cloud. The first areas include personalized wealth-management support, financial-crime risk management, and AI tools for frontline and relationship-manager work. HSBC also said the financial-crime tools could help it intervene twice as fast when risk is detected, across nearly one billion transactions monitored each month.

Why Alphabet (GOOGL) Is Building Its Enterprise AI Case Around Google Cloud and HSBC

Pixabay/Public Domain

Alphabet Inc. (NASDAQ:GOOGL) is the parent company of Google. Its businesses include Search, YouTube, Google Cloud, Android, Chrome, Google Play, hardware, advertising technology, artificial intelligence research, and other bets such as Waymo.

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 the cheapest AI stock.

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