NeutralGOOGAlphabetAlphabetARMArm Holdings plcArm Holdings plcAUTLAutolus TherapeuticsAutolus TherapeuticsCMECME GroupCME GroupFRSHFreshworksFreshworksGOOGLAlphabetAlphabetGTLBGitLabGitLabLIFEEthos TechnologiesEthos TechnologiesLIMENeutron HoldingsNeutron HoldingsPLPlanet LabsPlanet LabsQCOMQUALCOMM IncorporatedQUALCOMM IncorporatedRVMDRevolution MedicinesRevolution MedicinesSPCXSpaceXSpaceX

2d ago on

Alphabet's $88.3B Investment Portfolio: SpaceX Dominates at 94.8%, Google Adds $548M in Qualcomm and Exits GitLab. Alphabet $GOOGL filed its Q3 2026 13F on November 6, revealing $88.35B in reported holdings, down 10.9% from $99.08B in Q2. Decline primarily reflects changes in SpaceX's valuation. SpaceX dominates Alphabet's reported portfolio. Alphabet holds 555.04M SpaceX shares valued at $83.73B, representing 94.78% of total 13F holdings. Alphabet increased its SpaceX position by 3.85M shares (+0.70%) during Q3. Other major holdings include $CME $913M, $PL Planet Labs $578M, $ARM $568M, and $RVMD Revolution Medicines $549M. Alphabet initiated four new positions. $QCOM Qualcomm became its sixth-largest holding, valued at $548M (0.62% of portfolio). Other additions included Neutron Holdings (Lime) $53.5M, Freenome $31.8M, and Obsidian Therapeutics $16.8M. Qualcomm accounted for 84% of capital allocated to new positions, suggesting a significant investment in semiconductor technology. Alphabet reduced several positions. $RVMD declined 9.25%, $FRSH Freshworks 11.54%, and Ethos Technologies 84.21%. Alphabet fully exited $GTLB GitLab, Spero Therapeutics, and Autolus Therapeutics. However, the 13F does not capture Alphabet's entire investment portfolio. Alphabet reported $135.23B in non-marketable securities in its Q3 10-Q, including private-company investments. Its substantial Anthropic investment sits outside the 13F, alongside other private investments managed through GV and CapitalG.

NeutralGOOGAlphabetAlphabetAPPAppLovinAppLovinAXONAxon EnterpriseAxon EnterpriseCRWDCrowdStrikeCrowdStrikeDDOGDatadogDatadogDOCNDigitalOcean HoldingsDigitalOcean HoldingsFIGFigmaFigmaGOOGLAlphabetAlphabetIOTSamsaraSamsaraNETCloudflareCloudflareORCLOracleOraclePANWPalo Alto NetworksPalo Alto NetworksPLTRPalantirPalantirSHOPShopifyShopifySNOWSnowflakeSnowflakeZETAZeta Global HoldingsZeta Global Holdings

3d ago on

Fastest-Growing SaaS and Software Companies by Analyst-Estimated NTM Revenue Growth $PLTR Palantir: +62.3% $DOCN DigitalOcean: +53.8% $ORCL Oracle: +37.6% $SNOW Snowflake: +32.0% $AXON Axon: +31.4% $SHOP Shopify: +27.7% $GOOGL Alphabet: +27.3% $NET Cloudflare: +26.7% $APP AppLovin: +25.9% $ZETA Zeta Global: +24.5% $PANW Palo Alto: +23.4% $CRWD CrowdStrike: +23.3% $FIG Figma: +23.1% $DDOG Datadog: +22.0% $IOT Samsara: +20.9%

NeutralGOOGAlphabetAlphabetAMZNAmazonAmazonGOOGLAlphabetAlphabetMETAMSFTMicrosoftMicrosoftORCLOracleOracleSPCXSpaceXSpaceX

1w ago on

AI Infrastructure CapEx Reaches $883B as Cloud Growth Accelerates. Can Hyperscalers Justify Record Spending? Estimated hyperscaler CapEx will reach $883B in 2026 (+104% YoY), as companies expand AI computing capacity. 2026 CapEx Estimates: $AMZN Amazon: $223.1B (+69%) $GOOGL Alphabet: $201.2B (+120%) $MSFT Microsoft: $154.5B (+86%) $META Meta: $139.9B (+101%) $ORCL Oracle: $84.1B (+137%) $SPCX SpaceX: $80.4B (+287%) Amazon AWS revenue accelerated 39.3% YoY, with a 38.7% operating margin and $578B backlog. Trainium and Graviton improve infrastructure economics, but rising CapEx pressures FCF. Alphabet Google Cloud revenue surged 103% YoY, with operating margin expanding to 36.2%. Proprietary TPUs improve computing efficiency and create new sales opportunities. However, Q3 FCF was -$9.1B. Microsoft Azure growth accelerated to 48% YoY. Copilot throughput improved over 50% QoQ, supporting better capacity utilization. Microsoft generated $18.6B in FCF, despite growing infrastructure spending. Meta AI improvements increased ad conversions by up to 9.6% and reduced content processing costs by over 80%. However, Q3 FCF was -$2.1B. Oracle OCI revenue surged 121% YoY, with GPU utilization reaching 97.9%. Customer-funded infrastructure reduces upfront investment requirements, but FCF was -$5B. SpaceX AI computing capacity reached 1.7 GW, with management targeting approximately 13 GW by the end of 2027. Rapid expansion creates significant financing and execution risks. AI infrastructure is becoming a competitive moat, supporting faster cloud growth and stronger monetization.