Hers’s Why Alphabet (GOOGL) Is One of the Best Cloud Computing Stocks to Buy According to Hedge Funds

Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Cloud Computing Stocks to Buy According to Hedge Funds. On June 22, Jefferies analyst Brent Thill maintained a "Buy" rating on the company's stock and the price objective of $445. The analyst opines that the company has numerous key strengths in the AI race. Alphabet Inc. (NASDAQ:GOOGL) has a long history in AI, giving the company an edge over its competitors.

The next advantage is the company's custom TPU chips. While its competitors are dependent on the outside suppliers, Google is into designing its own AI chips. This supports Alphabet Inc. (NASDAQ:GOOGL) in training and running AI models at a reduced cost. Also, it provides more control over the AI infrastructure.

Alphabet Inc. (NASDAQ:GOOGL) is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more. The company also offers cloud infrastructure and platform services, collaboration tools, and other services for enterprise customers.

While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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