Alphabet stock is up 2.4% despite being down 17% for the year, showing market recovery

From Nasdaq: 2025-04-11 15:26:00

Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) stock is up 2.4% on Friday, outperforming the S&P 500 and Nasdaq Composite. Despite recent volatility, the tech giant is down 17% for the year. Layoffs in the platforms and devices segment signal fiscal discipline, but market recovery is driving momentum.

After a tumultuous week, Alphabet is valued at 17.4 times expected earnings. The company’s growth potential and recent performance make it an attractive investment. However, exposure to the Chinese market and economic uncertainty may lead to continued volatility in the short term.

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Read more at Nasdaq: Why Alphabet Stock Is Gaining Today