Alphabet Inc. (NASDAQ:GOOGL) is one of the best US stocks to buy according to Billionaires. On July 14, the US Department of Defense/DoD announced that it has awarded contracts worth ~$200 million each to 4 leading AI firms: OpenAI, Alphabet’s Google, Anthropic, and Elon Musk’s xAI.
These contracts aim to accelerate the adoption of advanced AI capabilities within the DoD, specifically by enabling the development of agentic AI workflows to address national security challenges. Agentic AI refers to AI-driven systems that can operate autonomously and adapt to changing conditions.
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The initiative is part of a broader push by US government agencies to expand their use of AI, spurred by a White House order in April this year promoting AI adoption. Furthermore, President Donald Trump has moved to ease AI regulation by revoking a 2023 Biden-era executive order that sought to mitigate AI risks through mandatory data disclosures.
While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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