Alphabet in Ray Dalio's Portfolio: Global Investors' Shift to India and Tariff Policy Impact

Alphabet Inc. (GOOGL) is included in Ray Dalio's prestigious investment portfolio. This aligns with the company's $14.5 billion data center project in India, which contributed to a 44% increase in the country's foreign direct investments in 2025. UNCTAD noted that most of the investments came from large-scale projects, while companies scaled back on manufacturing investments. Hynfra's $4 billion green hydrogen investment also played a role in the growth. However, UNCTAD warned that tariff uncertainty, supply-chain realignment, and weaker global investment sentiment are slowing new commitments. Amazon has also announced an additional $13 billion in planned investments in India, focusing on AI and cloud infrastructure. Alphabet operates as a holding company investing in software, healthcare, transportation, and other technology sectors, with operations in Google Services, Google Cloud, and Other Bets segments. While we acknowledge GOOGL's investment potential, we favor certain AI stocks offering greater upside and lower downside risk. For an extremely undervalued AI stock poised to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report.

The uncertain global investment landscape may further strengthen Alphabet's strategic position in India. If tariff policies shift, the company's leadership in data centers and cloud services could become even more pronounced.