Alphabet Emerges as Hedge Fund Darling as Appaloosa Boosts Stake, Clean Energy Deal Supports AI Ambitions

GOOG topped Reddit ticker rankings on February 17 with strong sentiment, fueled by hedge fund accumulation and a clean energy partnership.
David Tepper’s Appaloosa Management continued to accumulate Alphabet shares in Q4 2025, signaling confidence in the stock amid a broader rotation toward semiconductor and AI plays.
A long-term geothermal power purchase agreement with Ormat Technologies will supply up to 150 MW of clean energy to Google’s Nevada data centers, reinforcing Alphabet’s AI infrastructure narrative.

Alphabet (

$GOOG) grabbed the top spot in retail investor discussion on February 17, even as the stock edged slightly lower amid a mixed tech market. The surge in attention comes as prominent hedge fund manager David Tepper’s Appaloosa Management revealed it added to its Alphabet position in Q4 2025, while trimming stakes in other mega-cap tech stocks. Meanwhile, a renewable energy deal with Ormat Technologies underscored Google’s commitment to powering its expanding AI data center footprint with clean energy.

Hedge Fund Vote of Confidence

David Tepper’s Appaloosa Management boosted its Alphabet holdings in the fourth quarter, according to a recent 13F filing. The fund increased its position in

$GOOG while reducing exposure to Amazon and Nvidia, signaling a preference for Alphabet’s valuation and AI potential. The move aligns with Appaloosa’s broader strategy of accumulating semiconductor and hardware-related names, including a 250% increase in Micron Technology. For retail investors on Reddit, the endorsement from a billionaire investor added to the stock’s appeal.

The filing comes as Alphabet continues to invest heavily in AI infrastructure, with capital expenditures expected to remain elevated. The company’s cloud business and AI-powered search enhancements have driven revenue growth, making it a favorite among value-oriented and growth investors alike.

Clean Energy Powers AI Ambitions

On the same day, Ormat Technologies announced a long-term geothermal power purchase agreement with NV Energy to supply up to 150 megawatts of clean energy to Google’s Nevada operations. The multi-project portfolio, expected to come online between 2028 and 2030, will provide 15 years of revenue stability for Ormat and support Google’s goal of operating on 24/7 carbon-free energy. For

$GOOG shareholders, the deal reinforces the company’s ability to secure reliable, low-cost power for its data centers—a critical advantage as AI workloads drive demand for compute resources.

GOOG

The combination of hedge fund accumulation and tangible progress on infrastructure spending appears to have resonated with the Reddit trading community. Although detailed discussion excerpts were not available, the volume and positive sentiment around

$GOOG suggest that retail investors are increasingly viewing the stock as a core AI holding.

Alphabet’s slight decline on the day—mirroring a dip in Microsoft and other tech peers—did little to dampen enthusiasm. With the broader market hovering near record highs, investor focus remains on companies with strong fundamentals and a clear AI strategy.

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