Billionaires favor Alphabet over Nvidia for investment due to growth potential in AI and cloud services.

From NASDAQ.: 2024-07-23 05:33:00

1. Google parent company Alphabet is the top tech stock owned by billionaire hedge fund managers, with 11 out of the top 16 funds investing in it.
2. Alphabet’s revenue mainly comes from Google Services, including Search, YouTube, and Gmail, with room for growth in AI and cloud services.
3. Despite a high valuation, Alphabet remains attractive with strong margins, cash reserves, and growth potential in the cloud services market.
4. Consider investing in Alphabet based on its growth potential, as identified by the Motley Fool Stock Advisor team, with a history of outperforming the S&P 500.

Investing in Alphabet could yield significant returns based on its strong fundamentals and future growth prospects in AI and cloud services. Consider the potential for long-term gains in this tech giant.



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