From Nasdaq: 2025-05-22 14:33:00

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) rose after the I/O developer conference, showcasing the company’s AI strategy. Despite antitrust concerns and competition from Apple, Alphabet’s stock gained 2.4% on new product announcements, including AI Mode in Google Search and a partnership with Warby Parker for smart glasses.

Alphabet’s stock is undervalued with a price-to-earnings ratio of 19, showing potential for growth with its AI strategy. Despite antitrust risks, analysts are positive about Alphabet’s future. Consider investing in the 10 best stocks identified by The Motley Fool Stock Advisor team, which excludes Alphabet but promises significant returns.

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Read more at Nasdaq: Why Alphabet Stock Was Rising Again Today