As 2025 kicks off, investors are feeling bullish about the U.S. Internet sector-and JPMorgan analyst Doug Anmuth's latest survey suggests optimism is running high.

Nearly 100 investors shared their insights, revealing a market eager for tech-driven innovation despite looming challenges.

The Internet Sector's Moment To Shine

Roughly 79% of respondents anticipate market-cap-weighted Internet stocks to climb over 5% this year, outpacing expectations for the S&P 500.

Advances in technology, return on AI investments, and upward earnings revisions are seen as key tailwinds pushing growth forward.

But it's not all smooth sailing-concerns over AI monetization, heavy capital expenditures, and valuation worries persist.

Alphabet Is Still King

Investors overwhelmingly picked Alphabet Inc (GOOG  ) (GOOGL  ) as the best-performing Mega Cap stock of 2025, with 43% favoring it over rivals.

Despite AI excitement, Meta Platforms Inc (META  ) isn't getting much love, with 46% pegging it as the year's weakest link among the Magnificent Seven stocks.

Uber Takes The Wheel

Uber Technologies Inc (UBER  ) emerged as the investor favorite among large-cap stocks, expected to outpace its peers in the ride-share and food delivery space.

Subscription models and online advertising were highlighted as the top-performing subsectors, with Alphabet dominating the ad race by a wide margin.

GenAI: Big Buzz, Small Bucks?

While 37% of respondents anticipate new Generative AI applications to make waves, only 6% foresee immediate revenue boosts.

Alphabet is seen as the biggest beneficiary of AI advancements, solidifying its position as the market leader.