As of the midpoint of 2025, a bona fide moonshot stock that's brimming with potential has become Alphabet's No. 1 holding.

Alphabet's distribution and data advantages Google doesn't need to build a new browser. It already owns Chrome, which has about 66% global market share and is pre-installed on billions of devices.

Alphabet continues to build alliances with the electric utilities that feed its artificial intelligence (AI) data centers.