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Altimeter Capital’s Brad Gerstner Boosts Alphabet Class A Stake
Altimeter Capital Management, led by Brad Gerstner, significantly increased its stake in Alphabet Inc. Class A (GOOGL) by 206,158 shares. The article highlights Alphabet’s strong stock performance, driven by re-accelerating Search and Cloud growth, and substantial investment in AI initiatives despite some valuation concerns. TipRanks’ AI Analyst, Spark, rates GOOGL as “Outperform” due to its financial strength, though moderated by technical momentum and valuation.