What Led Google (GOOG) to Generate Strong | Investment News

What Led Google (GOOG) to Generate Strong – Investment News

Columbia Threadneedle Investments, an investment management company launched its “Columbia Threadneedle Global Technology Growth Strategy” fourth quarter 2024 investor letter. A replica of the letter might be downloaded right here. The U.S. presidential election in This fall 2024 boosted U.S. equity markets, leading to a sturdy 12 months and general optimistic 12 months for world equities. The S&P 500 Index returned 2.41% during the quarter, and the index returned 25.02% for 2024. In the quarter, the fund returned 6.14% in contrast to the S&P Global 1200 Information Technology Index-net’s 3.72% return. Security choice drove the fund’s efficiency relative to the benchmark. In addition, you possibly can examine the fund’s high 5 holdings for its best picks for 2024.

In its fourth quarter 2024 investor letter, Columbia Threadneedle Global Technology Growth Strategy emphasised shares resembling Alphabet Inc. (NASDAQ:GOOG). Alphabet Inc. (NASDAQ:GOOG), the father or mother company of Google, gives varied platforms and providers working via Google Services, Google Cloud, and Other Bets segments. The one-month return of Alphabet Inc. (NASDAQ:GOOG) was -10.83%, and its shares gained 20.78% of their worth over the last 52 weeks. On March 10, 2025, Alphabet Inc. (NASDAQ:GOOG) stock closed at $167.81 per share with a market capitalization of $2.033 trillion.

Columbia Threadneedle Global Technology Growth Strategy acknowledged the next concerning Alphabet Inc. (NASDAQ:GOOG) in its This fall 2024 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) (parent company Alphabet) generated strong double-digit returns during the quarter, as the company’s tremendous innovation in AI, along with strength in its core business of search and advertising and a healthy focus on profit growth and shareholder friendly capital allocation, shifted investor focus away from ongoing litigation with the Department of Justice related to market dominance. In the month of December alone, Google released to the public Gemini 2.0, its most capable AI model yet, as well as new generative image and vision models. And if that was not enough, Google also announced progress in quantum computing. Once considered an AI laggard, the flurry of product announcements and AI development did not go unnoticed by the market and the stock reacted accordingly.”

A laptop computer and telephone open to Google’s providers in an on a regular basis setting.

Alphabet Inc. (NASDAQ:GOOG) is in seventh place on our record of 30 Most Popular Stocks Among Hedge Funds. As per our database, 174 hedge fund portfolios held Alphabet Inc. (NASDAQ:GOOG) on the finish of the fourth quarter which was 160 within the earlier quarter. In 2024, Alphabet Inc. (NASDAQ: GOOG) achieved a income growth of 14% in contrast to 2023, reaching $350 billion. For the fourth quarter, the income was $96.5 billion, reflecting a 12% increase in each reported and fixed currency. While we acknowledge the potential of Alphabet Inc. (NASDAQ:GOOG) as an investment, our conviction lies within the perception that AI shares maintain larger promise for delivering larger returns, and doing so within a shorter timeframe. If you might be searching for an AI stock that’s as promising as NVIDIA however that trades at much less than 5 occasions its earnings, try our report concerning the least expensive AI stock.

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