Alphabet Inc (GOOGL) in Franklin Growth Fund Q2 2024

Innovating in AI and Digital Advertising

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Apr 15, 2025
Summary
  • Strong position in digital advertising and AI technology.
  • Growth in cloud services and YouTube monetization.
  • Facing regulatory challenges and competition in digital ads.
  • Consistent revenue growth with a focus on innovation.
  • Investments in AI and cloud infrastructure.

Alphabet Inc (GOOGL, Financial) was a key holding in the Franklin Growth Fund's Q2 2024 commentary, highlighting its strategic importance in the portfolio. The fund managers emphasized Alphabet's leadership in digital advertising and AI as pivotal to its investment rationale.

"Alphabet's continued innovation in AI and its stronghold in digital advertising make it an essential component of our portfolio, driving sustained growth." — Franklin Growth Fund, Q2 2024 Fund Letter

Read full letter at gurufocus franklin growth fund q2 2024 commentary 2024 Q2 page.