From Nasdaq: 2024-05-16 08:30:05

Investors are driven by how much a stock’s price changes over time and the fear of missing out (FOMO), which is common with tech giants and popular consumer-facing stocks. Alphabet (GOOGL) has evolved significantly over the years, dominating in online search, cloud computing, autonomous vehicles, healthcare, entertainment, and more. Revenues were $307.4 billion in 2023, with Google Services generating the majority. A $1000 investment in Alphabet ten years ago would be worth $6,520.64 today, a 552.06% gain, outperforming the S&P 500 and gold prices. Analysts predict more upside for GOOGL, driven by its cloud business and innovative initiatives.While the stock has outperformed its industry year to date, concerns remain around network advertisement business, litigation issues, and rising cloud competition. The stock has jumped 10.96% in the past four weeks. Research Zacks’ investment recommendations for a $1 trial to explore portfolio services like Surprise Trader, Stocks Under $10, and Technology Innovators. Visit Zacks for free stock analysis on Alphabet Inc. (GOOGL).



Read more at Nasdaq: Here’s How Much You’d Have If You Invested $1000 in Alphabet a Decade Ago