From Nasdaq:

Tech stocks like Apple, Alphabet, and Tesla are struggling in 2024 after a strong rally in 2023. However, Nvidia is leading the charge, aiming to become the largest U.S. company. Alphabet’s stock has underperformed in the last decade, with low valuation multiples compared to peers like Meta Platforms and Apple. Google’s dominance in digital ads is under pressure from competitors like Amazon. Streaming services like Netflix and Disney are also entering the ad market, increasing competition. Alphabet is lagging in the generative AI race, facing controversy with its chatbot Gemini. Microsoft’s Bing is a potential threat in online search, posing a challenge to Alphabet’s market share. Alphabet’s future depends on factors such as subscriptions, YouTube monetization, cloud business growth, and regulatory issues. Generative AI and monetizing Other Bets like Waymo are key challenges for Alphabet by 2030. Despite headwinds, GOOG stock remains a good buy for the long term, with potential for growth.



Read more at Nasdaq: Alphabet Stock 2030 Forecast: Can Google Gemini Take on ChatGPT?