Alphabet (GOOGL): Well-Positioned to Capitalize on Ongoing AI Adoption

Lakehouse Capital, a Sydney-based investment manager, published its “Lakehouse Global Growth Fund” investor letter for August 2026. The letter can be downloaded here. In August, the Fund achieved a 10.9% net return, significantly outperforming its benchmark, which returned 0.6%. The performance was supported by strong results from MercadoLibre, Adyen, and Workiva, as well as an ongoing re-rating of software incumbents capitalizing on AI data and workflows. The Fund’s Net Asset Value...