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Gabelli Global Content & Connectivity Fund Q2 Investor Letter: Bullish on Google (Alphabet) Due to Strong Q1 Results, Gemini Momentum, and Increased Enterprise Adoption
Gabelli Global Content & Connectivity Fund expressed optimism about Google (Alphabet) in its Q2 2026 investor letter, noting that its stock price increase was driven by strong Q1 2026 results, the momentum of the Gemini project, and increased enterprise adoption and third-party TPU sales. The fund's Class I shares rose 12.88% in Q2, outperforming the MSCI AC World Communication Services Index's 6.02%. As of September 4, Google's stock closed at $342.26, with a market capitalization of approximately $4.14 trillion, having fallen 5.33% over the past month.
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