Despite its massive size, this internet titan's share price is up 150% in the past three years.
Buffett's newfound love for Alphabet rests on one number buried deep in Alphabet's financial reports.
Alphabet just made a move that no shareholder-friendly tech giant has attempted in a decade, and the company is betting its entire AI future on the gamble paying off before investors lose patience.
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The tech megacaps have multiple ways to cash in as the foundational AI model giant prepares to join the public market.