Alphabet Stock Has Lost Over $500 Billion in Market Cap. Is the Google Parent a Top AI Stock to Buy Now?
The latest tech sell-off has been hard on many companies, including Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). At its high, Alphabet attained a valuation worth over $2.5 trillion. Now, it sits at $2 trillion. That's a huge amount of value erased from one of the world's top tech companies in just a few weeks. But was the sell-off justified for Alphabet?Alphabet is now the cheapest stock in the Magnificent Seven cohort by far, yet it has better finances than many of the others in that grouping. As a result, I think Alphabet is a solid buy here, but there is one thing investors need to look out for.Alphabet is less recognizable as a brand of its own than it is for the companies that are under its umbrella -- Google, YouTube, and Android, among others. While that seems like a wide-ranging product lineup, the reality is that Alphabet's business is centered around one thing: Advertising.Continue reading
The latest tech sell-off has been hard on many companies, including Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). At its high, Alphabet attained a valuation worth over $2.5 trillion. Now, it sits at $2 trillion. That's a huge amount of value erased from one of the world's top tech companies in just a few weeks. But was the sell-off justified for Alphabet?
Alphabet is now the cheapest stock in the Magnificent Seven cohort by far, yet it has better finances than many of the others in that grouping. As a result, I think Alphabet is a solid buy here, but there is one thing investors need to look out for.
Alphabet is less recognizable as a brand of its own than it is for the companies that are under its umbrella -- Google, YouTube, and Android, among others. While that seems like a wide-ranging product lineup, the reality is that Alphabet's business is centered around one thing: Advertising.
