Here’s How Much a $1000 Investment in Alphabet Made 10 Years Ago Would Be Worth Today
From Nasdaq: 2024-11-07 08:30:05
Stock price performance is crucial for investors, with FOMO driving interest in tech giants like Alphabet (GOOGL). Alphabet has evolved beyond search engines to cloud computing, autonomous vehicles, and more, generating $307.4 billion in revenue in 2023. A $1000 investment in GOOGL in 2014 would be worth $6,399 today, outperforming S&P 500 and gold.
Analysts foresee further upside for GOOGL due to strong cloud and search growth. Google Cloud’s AI capabilities and dominant position in the search engine market drive growth. While litigation and cloud competition are concerns, GOOGL stock has risen by 9.05% in the past four weeks, with earnings estimates on the rise for fiscal 2024.
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