Alphabet Inc. (NASDAQ:GOOGL) is one of the 15 Best Stocks to Buy According to Billionaire Ray Dalio.
Alphabet Inc. (NASDAQ:GOOGL) has been a staple in the 13F portfolio of Bridgewater Associates since the middle of 2015. This holding stayed largely undisturbed for many years. Since 2022, however, the growth-focused fund has built up an impressive position in the technology giant, rising to 5.6 million shares in the second quarter of 2025. However, since then, Dalio has been dumping the stock, reducing the stake by 52% and 40% in the third and fourth quarter of 2025, respectively. At the end of the fourth quarter of 2025, the fund owned just a little over 1.5 million shares in the company.
READ MORE: 33 Stocks That Should Double in 3 Years.
Photo by Kai Wenzel on Unsplash
Alphabet Inc. (NASDAQ:GOOGL) remains one of the most reasonably valued technology stocks amid the AI boom. For example, certain Alphabet competitors have been trading at 40x P/E ratios, sparking fears about an AI bubble and the impact of a slowdown on the overall stock market. Even in this environment, Alphabet shares have traded at a Forward P/E of approximately 28x. While providing a margin of safety to elite investors, the growth story of Google Cloud also encourages hedge fund ownership of the stock. Google Cloud has emerged as a primary beneficiary of enterprise AI workloads in recent months and become a direct competitor to cloud heavyweights like AWS and Azure.
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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