The tech industry has made winners out of several investors over the last year, especially thanks to the growth of artificial intelligence. Alphabet (GOOGL) is one of these winning stocks, according to several investment experts. One in particular who has achieved billionaire status, Ken Fisher, is particularly bullish on GOOGL in the future.

Under the umbrella of Fisher Asset Management, Billionaire Ken Fisher has maintained a positive stance on technology stocks. He has heavily invested in the magnificent-seven stock grouping, of which Alphabet is a part. Fisher notes a trend in the tech industry: tech stocks have tended to outperform during market upswings and underperform during downturns. This pattern, evident throughout the statistics of 2024, strengthens the theory that if investors believe in a continuing bull market, technology stocks will likely remain strong performers.

Fisher Asset Management holds approximately $9 billion worth of Alphabet (GOOGL) stock. Google Cloud has emerged as a significant growth engine for the company, posting a 30% year-over-year increase to $12 billion in Q4 2024. Additionally, Alphabet’s strong fourth-quarter earnings fuel bullish projections behind the tech giant. Fisher has invested in GOOGL for years, with the stock earning his firm a 159% return over the last five years.

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On the other hand, there is an increasing number of concerns regarding Alphabets’ AI spending. Moreover, its falling market share may not justify its $75 billion in planned capital expenditure. The stock has fallen more than 3% after the arrival of increased Trump tariffs. Subsequently, shares have fallen more than 9% over the last 30 days.

Overall, the tech stock industry is a promising one, even in an uncertain economy. While tariffs certainly cause concerns, the demand for advancements in technology is just as strong. Therefore, big tech stocks like Alphabet (GOOGL) could still see solid numbers in 2025 like last year.