Alphabet Inc. (NASDAQ:GOOGL) is one of the best stocks for a 20-year long-term stock portfolio. On August 28, Bloomberg reported that Google will invest $9 billion in Virginia through 2026 to expand cloud and AI infrastructure. The plan includes a new data center in Chesterfield County, as well as expansions in Loudoun and Prince William counties. These investments will strengthen northern Virginia’s role as the hub of U.S. data centers.
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The move follows similar multibillion-dollar commitments from Microsoft, Amazon, and Meta, reflecting intensifying competition in AI infrastructure. It was earlier reported that Meta is reportedly planning a massive investment of around $50 billion for data center expansion in Louisiana.
Google has also pledged $1 billion to provide Virginia students access to its AI Pro plan for a year. These investments reflect growing demand for AI computing, as well as also companies’ efforts to align with U.S. policies around domestic technology growth and leadership.
Alphabet Inc. (NASDAQ:GOOGL) is the parent company of Google and a pioneer in internet-related services and products, including online advertising technologies, search engines, cloud computing, software, and hardware.
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.