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

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.

Furthermore, the analyst added that Alphabet Inc. (NASDAQ:GOOGL) has spent years building AI models, data centers, and tools, which are being used in Search, YouTube, Android, and other products. Thill also pointed towards Google Cloud, which has been growing as companies are adopting AI tools, giving the company another way to benefit from elevated AI spending beyond the core advertising business.

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

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/articles/hers-why-alphabet-googl-one-221728025.html)