George Soros ranks among the richest hedge fund managers in the world. While Amazon.com, Inc. (NASDAQ:AMZN) remains the billionaire’s largest position, Alphabet Inc. (NASDAQ:GOOGL) ranks 2nd on the list of George Soros’ top holdings with a 2.32% portfolio share ($200 million).
BofA Securities restated a Buy rating and $430 price target for Alphabet Inc. (NASDAQ:GOOGL) on May 15, ahead of the company’s annual developer event. According to analyst Justin Post, the event will focus on developers and is unlikely to feature financial data.
The firm anticipates a wide range of AI developments, including next-gen Gemini LLM features, Gemini-powered OS upgrades, broader Gemini integration among products, search function enhancements, and smart glasses capabilities.
Meanwhile, on May 13, TD Cowen maintained its Buy rating and $450 price target for Alphabet Inc. (NASDAQ:GOOGL), noting robust growth in its Waymo autonomous vehicle services. Compared with 1.26 million in December 2025, Waymo vehicles conducted 1.36 million passenger journeys in California in March 2026, a 92% year-over-year increase.
Waymo usage increased year-over-year, with vehicles driving 88% of total miles to a passenger pickup or with a passenger in the vehicle, a rise from 85% in the fourth quarter.
Alphabet Inc. (NASDAQ:GOOGL) is a leading tech giant with a diverse portfolio, including Google Ads, Google Chrome, Google Cloud, Search, and YouTube, and holds a dominant position in each of these markets.
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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