From Nasdaq:

The possibility of becoming a millionaire from a single stock is real but risky. Alphabet, with its lucrative technology segments, may accelerate your path to wealth.

Alphabet has numerous opportunities for growth, especially in the cloud computing wing, and its generative AI model distinguishes it from competition. The company has steadily grown revenue and made strides in increasing its operating margin. Investing in Alphabet could be a wise long-term decision.

Additionally, Alphabet consistently repurchases about $15 billion in stock quarterly, decreasing outstanding shares by around 2.6%. These factors contribute to consistent mid-teens growth for Alphabet, positioning it as a top stock to buy and hold. However, The Motley Fool Stock Advisor believes there are ten better stocks for investors to buy now. With Suzanne Frey, an executive at Alphabet, serving as a member of The Motley Fool’s board of directors, The Motley Fool has positions in and recommends Alphabet.

Opinions expressed herein do not necessarily reflect those of Nasdaq, Inc.



Read more: Could Alphabet Stock Help You Become a Millionaire?