Google's parent company Alphabet is divesting shares of two high-growth stocks and investing heavily in a promising artificial intelligence (AI) company.

Reported 6 months ago

Alphabet, the parent company of Google, has made significant changes to its investment portfolio according to its latest 13F filing. Alphabet reduced its stake in hypergrowth stocks CrowdStrike Holdings and DexCom while heavily investing in DevSecOps software developer GitLab, making it the largest position in its portfolio. CrowdStrike's AI-driven security platform and DexCom's continuous glucose monitoring systems are highlighted as promising investments, while the partnership between Alphabet's Google Cloud and GitLab is noted to be beneficial for both companies.

Google's parent company Alphabet is divesting shares of two high-growth stocks and investing heavily in a promising artificial intelligence (AI) company.

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