Alphabet (GOOG) in Stewart Asset Management 2024 Q4

AI and Cloud Services Propel Growth Amid Regulatory Challenges

May 24, 2025

Summary

Core holding due to its dominance in digital advertising and AI innovation.
Strong market position with expanding cloud services and AI integration.
Facing regulatory scrutiny and competitive pressures in digital advertising.
Recent performance supported by AI-driven enhancements in search and cloud.
Outlook remains robust with continued investment in AI and cloud infrastructure.

Alphabet (GOOG, Financial) was a core position in Stewart Asset Management’s Q4 2024 letter, reflecting the firm’s confidence in its leadership in AI and expanding cloud services. The company continues to leverage its technological prowess to drive growth and maintain its competitive edge in the digital landscape.

"Photoshop, NotebookLM and credit card fraud detection represent practical examples of how AI has already begun to help day-to-day business and personal tasks. These three services are product offerings of Adobe, Alphabet and Mastercard, respectively - all companies in our portfolios." — Stewart Asset Management, Q4 2024 Fund Letter

Read full letter at gurufocus Stewart Asset Management 2024 Q4 page.

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