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Our monthly Fire Best Buys Now are designed to highlight our team's three favorite and most timely buys from our growing list of growth-focused Fire recommendations, to help Fools build their portfolios.
- Dominant search company with over 90% global market share.
- It has impressive intangible assets, such as the technological expertise behind its search products, that provides a competitive advantage.
- The company reported strong results for its first quarter, in which revenue grew at a brisk pace of 15%, with strong growth in search advertising.
- It's pleasing that the company appears to be accelerating its ai strategy: Capital expenditures are expected to rise about 56% to $50 billion for the year, while it is also cutting costs to offset the hit to profits.
- We must not forget the dominant position that Alphabet occupies in online advertising, the enormous cash flow it generates quarter after quarter and the opportunity to improve its products (even in the rapidly growing cloud computing market) through its expertise technological (including ai).
