From NASDAQ.: 2024-04-14 08:00:00

The “Magnificent Seven” businesses, including Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), are industry dominators with disruptive potential and impressive share price growth. Alphabet’s stock has surged nearly 500% in the past decade, boasting a market cap close to $2 trillion.

Alphabet benefits from multiple secular trends, with a projected 2030 digital advertising market worth over $1 trillion. Google Search and YouTube drive ad sales, while Google Cloud’s revenue grows over 20% annually, supporting ongoing revenue and earnings growth.

Concerns about AI impacting Google Search exist, but Alphabet’s move to launch a paid subscription for AI-powered search could create a new revenue stream. With a forward P/E ratio of 23.3, Alphabet remains a buy and hold stock with strong growth potential.

Analysts from Motley Fool Stock Advisor recommend 10 stocks for investors that don’t include Alphabet. Despite this, the service has significantly outperformed the S&P 500 since 2002, providing valuable insights and stock picks for investors seeking high returns in the coming years.



Read more at NASDAQ.: This “Magnificent Seven” Stock Skyrocketed Almost 500% in the Past 10 Years: Is It Time to Sell?