A Closer Look at Alphabet (GOOG): The Impact of AI on Established Market Leaders

2 weeks ago 11

Soumya Eswaran

Thu, December 4, 2025 astatine 8:35 AM CST 4 min read

Harding Loevner, an plus absorption company, released its “Global Equity Strategy” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. The money returned 2.62% gross (2.52% net) successful the 3rd 4th of 2025, compared to a 7.74% instrumentality for the MSCI All Country World Index and 7.36% summation for the MSCI World Index. YTD, the strategy roseate 10.61% (net) compared to 18.86% and 17.83% for the indexes. The steadfast highlighted successful the missive that the past six months represented 1 of the strongest momentum phases successful implicit 70 years. Since the opening of the year, high-momentum stocks person outperformed low-momentum stocks by a singular 45 percent points, with overmuch of the maturation driven by advancements successful AI. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its third-quarter 2025 capitalist letter, Harding Loevner Global Equity Strategy highlighted stocks specified arsenic Alphabet Inc. (NASDAQ:GOOG). Alphabet Inc. (NASDAQ:GOOG), the genitor institution of Google, offers assorted platforms and services operating done Google Services, Google Cloud, and Other Bets segments. The one-month instrumentality of Alphabet Inc. (NASDAQ:GOOG) was 12.36%, and its shares gained 83.94% of their worth implicit the past 52 weeks. On December 03, 2025, Alphabet Inc. (NASDAQ:GOOG) banal closed astatine $320.62 per share, with a marketplace capitalization of $3.86 trillion.

Harding Loevner Global Equity Strategy stated the pursuing regarding Alphabet Inc. (NASDAQ:GOOG) successful its 3rd 4th 2025 capitalist letter:

"Although the marketplace appears to beryllium astir singularly focused connected "Al winners," the companies anointed with the statement continues to change. Bank of America's US AI Beneficiaries Index already has had 70% turnover this year. For example, a fewer months ago, markets feared that Alphabet Inc.'s (NASDAQ:GOOG) hunt concern would beryllium made obsolete by Al chatbots specified arsenic ChatGPT, and the institution did look to beryllium a measurement down erstwhile it clumsily rolled retired Bard, a consumer-facing chatbot, successful 2023. However, Alphabet's Al offering for businesses is rapidly gaining traction. Its Gemini models present person an endeavor idiosyncratic basal that's triple the size of ChatGPT's. Thanks to that advancement and a beardown method offering. Alphabet has moved backmost into the winners' ranks, for now.