PRIMECAP Management acquired 16.7M Alphabet shares worth $3.89B. That's 2.83% of their equity portfolio (6th largest holding). The first Alphabet trade was made in Q3 2015. Since then PRIMECAP Management bought shares five more times and sold shares on 34 occasions. The stake costed the investor $560M, netting the investor a gain of 594% so far.
Matt Orton, Raymond James Investment Management chief market strategist, joins 'Power Lunch' to discuss the current market rotation, the high quality stocks ...
Alphabet Inc.'s AI capex spend of $85 billion for the year is validated by a $106 billion record cloud backlog. Return on investment is completely tangible a...
Alphabet Inc. delivered strong Q2 results, with net revenue up 12% YoY, driven by robust growth across Search, YouTube, Google Play, and especially Google Cl...
As it races to build ever larger data centers, Google on Tuesday said it has agreed to pay more than $3 billion to source carbon-free hydropower from Brookfi...