In Hertford Capital's Q1 2023 fund letter, Alphabet (GOOG, Financial) was highlighted for its robust growth in AI and cloud services, which continue to be significant drivers of its revenue. The company remains a leader in digital advertising, leveraging its vast infrastructure to integrate AI into its core services. Despite facing regulatory challenges, Alphabet's strategic investments in AI are expected to bolster its market position and enhance user engagement.
"Alphabet’s strategic focus on AI and cloud services positions it well for future growth, despite ongoing regulatory challenges." — Hertford Capital, Q1 2023 Fund Letter
Read full letter at gurufocus Hertford Capital 2023 Q1 page.