From Nasdaq:

The “Magnificent Seven” tech stocks, which led the market in 2023, are struggling in 2024. Tesla is the biggest loser, but Google parent Alphabet is the cheapest, presenting a long-term buying opportunity. Alphabet’s revenue rebounded, with Google Search and YouTube delivering record-high ad revenue in the fourth quarter of 2023. Generative AI and Google Cloud also contribute to its growth. Alphabet’s shares have the lowest price-to-earnings ratio among the Magnificent Seven, making it the cheapest stock. Despite trailing behind Amazon Web Services and Microsoft Azure, Google Cloud’s rapid growth suggests a bright future for Alphabet, making it a good investment opportunity. The Motley Fool Stock Advisor team names 10 top stocks for investors to consider, but Alphabet wasn’t among them. Nonetheless, the Stock Advisor service has consistently outperformed the S&P 500 and offers a blueprint for portfolio success. John Mackey, former CEO of Whole Foods Market, is a member of The Motley Fool’s board of directors, and Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Microsoft, Nvidia, and Tesla.



Read more: Here’s Why the Cheapest “Magnificent Seven” Stock Is a Screaming Buy Right Now