Reasons Behind Sands Capital Select Growth Strategy’s New Pick Alphabet (GOOG)

Core Insights - Sands Capital Select Growth Strategy reported a portfolio return of 6.3% (net) for Q3 2025, underperforming the benchmark's gain of 10.5% [1] - The recovery in U.S. large-cap growth equities was driven by strong corporate earnings, enthusiasm for artificial intelligence (AI), and expectations for Federal Reserve policy easing [1] Company Highlights: Alphabet Inc. (NASDAQ:GOOG) - Alphabet Inc. achieved a one-month return of 16.39% and a 52-week gain of 87.50%, with a stock price of $320.28 and a market capitalization of $3.866 trillion as of November 26, 2025 [2] - The company operates major platforms including Google and YouTube, leveraging consumer reach to sell targeted advertising, which benefits from search intent data [3] - AI is expected to transform online search, providing Alphabet with opportunities to expand its market through enhanced consumer experiences and AI assistants [3] - Google Cloud is improving its competitive position, and Alphabet's other businesses, including YouTube and Waymo, are gaining market recognition [3]