Prediction: Alphabet Stock Could Surge by 100% (or More) in the Next 5 Years
Investors appear to have struggled to make sense of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock in recent years. Although the Google parent continues to outperform the S&P 500, some wonder whether it has lost a step in the artificial intelligence (AI) race as chipmakers like Nvidia and stocks more closely linked to OpenAI's ChatGPT draw more attention.Still, amid this confusion, Alphabet has become the cheapest stock in the "Magnificent Seven" as measured by its P/E ratio of 21. Moreover, the company continues to make moves showing it remains relevant in AI, and its investments could mean its stock price doubles (or more) in the next five years. Here's why.In some ways, the idea of Alphabet being behind in AI may seem surprising. The company first began to utilize this technology in 2001, and leveraged AI to assert early dominance in the digital advertising industry.Continue reading
Investors appear to have struggled to make sense of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock in recent years. Although the Google parent continues to outperform the S&P 500, some wonder whether it has lost a step in the artificial intelligence (AI) race as chipmakers like Nvidia and stocks more closely linked to OpenAI's ChatGPT draw more attention.
Still, amid this confusion, Alphabet has become the cheapest stock in the "Magnificent Seven" as measured by its P/E ratio of 21. Moreover, the company continues to make moves showing it remains relevant in AI, and its investments could mean its stock price doubles (or more) in the next five years. Here's why.
In some ways, the idea of Alphabet being behind in AI may seem surprising. The company first began to utilize this technology in 2001, and leveraged AI to assert early dominance in the digital advertising industry.
