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Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Quantum Computing Stocks to Buy and Hold for 10 Years. The company has made significant contributions to the quantum industry through a dedicated quantum team. For instance, Google has developed scalable hardware such as the Willow chip and superconducting qubits, alongside expansions into neutral atom qubits.
On April 28, The Information reported that Alphabet Inc. (NASDAQ:GOOGL) has signed a classified AI contract with the United States Department of Defense. As per this contract, the Pentagon can now use Google’s AI models for classified networks and for any other lawful government purpose. This comes after the Department of Defense has signed similar contracts with OpenAI and xAI.
On the same day, a report by the Washington Post noted that hundreds of Google’s workers petitioned the CEO to refuse classified work with the Pentagon.
In separate news, on April 30, BMO Capital raised the firm’s price target on Alphabet Inc. (NASDAQ:GOOGL) from $410 to $435 and maintained an Outperform rating on the shares. BMO noted that during the recent Q1 2026 earnings, the Google Cloud segment witnessed 63% year-over-year growth and topped the buy-side expectations of 60%. Moreover, the backlog also doubled quarter-over-quarter and 400% year-over-year to $462 billion. The firm has named the company as its top pick.
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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