From Nasdaq: 2024-04-09 09:03:34

Alphabet stock has surged 44% in the past year, outperforming the S&P 500. Analysts predict a $30 increase in the next year due to the company’s dominance in search over AI. Although the stock may seem expensive, its secure revenue stream and competitive position make it a strong investment option.

Survey results reveal that most internet users still prefer Google search over AI chatbots. With Google retaining an 82% market share in desktop search and a 95% share in mobile search, Alphabet’s competitive position remains strong. Even rumors of integrating AI on iPhones could benefit the company’s revenue stream.

While Alphabet stock may seem pricey, it remains a dominant force in the market. The Motley Fool Stock Advisor team has identified 10 other top stocks for investors to consider, but Alphabet didn’t make the list. Despite its higher valuation, Alphabet’s secure business and potential for growth make it a compelling investment option.



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