Alphabet Inc.
Thesis
Alphabet is a leader in AI research and capability, with strong applications including Waymo. The company’s innovative approach and powerful position in AI make it a solid long-term investment.
Did it work?
worked
confidence: high
The long thesis on Alphabet's AI leadership has decisively played out: the stock returned +279.7% over 43 months, nearly quadrupling. This exceptional gain strongly validates the core claim that Alphabet's AI capabilities and applications (including Waymo) would drive long-term value. The magnitude and duration of the outperformance leave little ambiguity that the thesis worked.