Investors’ Confidence Boosted Alphabet (GOOG) in Q4

Core Insights - The Alger Spectra Fund's fourth-quarter 2025 investor letter indicates a strong performance in the US equity market, with the S&P 500 rising by 2.7% due to better-than-expected corporate earnings and a supportive macroeconomic environment [1] - The letter highlights the divergence in performance beneath the index surface, with AI being a significant market driver but facing scrutiny regarding funding and investment returns [1] - The Fund's Class A shares underperformed the Russell 3000 Growth Index in Q4 2025, with Information Technology and Utilities sectors contributing positively, while Health Care and Communication Services sectors detracted from performance [1] Company Insights - Alphabet Inc. (NASDAQ:GOOG) emerged as a leading performer for the Alger Spectra Fund in Q4 2025, with a stock price of $330.34 per share as of January 16, 2026, and a one-month return of 7.04% [2] - Over the past 52 weeks, Alphabet Inc. has seen a remarkable 67.22% increase in its stock value, with a market capitalization of $3.988 trillion [2] - The Fund noted that Alphabet Inc. is a global leader in digital advertising, cloud computing, and AI-driven consumer services, with positive contributions from its AI strategy and strong engagement trends [3] - Google Cloud was highlighted as a key growth driver, with increasing AI token processing and momentum in the Gemini ecosystem, supported by strengthening cloud demand and new customer acquisitions [3]