Alphabet Inc. (NASDAQ:GOOGL) ranks among the best fundamental stocks to buy right now. On September 12, Alphabet Inc. (NASDAQ:GOOGL)’s Google Cloud won a £400 million contract to provide a sovereign cloud capability for the United Kingdom Ministry of Defence (MOD). The endeavor will offer a safe cloud platform for innovation while preserving improved data controls for the MOD.
In line with the ministry’s Strategic Defense Review, the collaboration encourages the use of cutting-edge cloud infrastructure for enhanced capabilities as well as secure information processing, including AI and cybersecurity. Google Cloud has already generated millions of pounds as a result of the contract, will employ specialists in the UK to oversee the technology.
Alphabet Inc. (NASDAQ:GOOGL) is a leading tech giant with a diverse portfolio, offering services such as Google Ads, Google Chrome, Google Cloud, Search, and YouTube.
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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Disclosure: None. This article is originally published at Insider Monkey.
