From Nasdaq: 2024-06-20 12:19:00

Alphabet’s GOOGL shares have surged 25.5% this year, beating industry growth. Google Services, with features like Search and YouTube, led the growth. Google Services revenue rose 13.6% in Q1. Alphabet is enhancing its first-party web apps, like Google Photos, with Material 3 redesigns to increase user adoption and drive financial performance.

Alphabet introduced new features like text-to-speech on Google Chrome and building entrances on Google Maps. The company also added a reverse number shortcut on the Google Phone app for Pixel devices. Partnering with Peloton Interactive to boost YouTube business. These efforts aim to increase user engagement and drive financial growth for Alphabet.

Alphabet currently holds a Zacks Rank of #1 (Strong Buy). Other top tech stocks like Arista Networks (ANET) and Badger Meter (BMI) also hold a Zacks Rank of #1. These stocks have shown strong performance year-to-date and have positive long-term earnings growth rates. Analysts predict a 13.6% revenue growth for Alphabet in 2024 and a 31.03% rise in earnings per share.

The demand for clean hydrogen energy is projected to grow substantially by 2030 and beyond. Companies like Alphabet are at the forefront of this renewable energy wave. Investors can explore investment opportunities in hydrogen energy with emerging industrial giants primed for growth.



Read more at Nasdaq: Alphabet (GOOGL) Rides on Strong Google Services Segment