This article first appeared on GuruFocus. Alphabet's (NASDAQ:GOOGL) investment portfolio remains heavily concentrated in SpaceX, but its latest filing points to a new interest in the mobile AI market through a $548 million purchase of Qualcomm shares. The Qualcomm position adds a new dimension to Alphabet's investment activity as Google works with the chipmaker to bring Gemini AI features to Snapdragon-based devices. The collaboration could help Google distribute its AI technology across a wider range of Android hardware. Warning! GuruFocus has detected 3 Warning Signs with NVDA. Is GOOGL fairly valued? Test your thesis with our free DCF calculator.GOOGL GF Value chart SpaceX, however, continues to dominate Alphabet's disclosed equity investments.
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