Alphabet Falls From 3rd- to 5th-Largest U.S. Company. Should You Buy, Sell, or Hold the Stock?
(NASDAQ: GOOG) (NASDAQ: GOOGL) is better known by some of the brands it owns, like Google and YouTube. It's one of the largest tech companies and one of the members of the exclusive trillion-dollar market-cap club. However, thanks to other tech giants posting strong quarters, it has lost its place as the third-largest U.S. company behind Microsoft and Apple. Nvidia and Amazon have now passed it, although Amazon may fall beneath Alphabet on a day-to-day basis.
So, is there something wrong with the stock? Let's look at all sides of the analysis, then decide which camp is best.
The biggest factor in many big tech companies' success right now is artificial intelligence (AI). AI progress and optimism is why Nvidia has shot up so dramatically over the past year, and what propelled Microsoft to pass Apple as the world's largest company.
Source Fool.com
Alphabet Inc. A Stock
With 79 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 162 € there is a slightly positive potential of 3.47% for Alphabet Inc. A compared to the current price of 156.56 €.
