Meet the Unstoppable Stock That Just Joined Nvidia, Microsoft, and Apple in the $2 Trillion Club
Six U.S. companies have a valuation of $1 trillion or more at the moment, and each of them operates in the technology sector. However, only four of them have graduated into the $2 trillion club:
Alphabet is the newest member, having joined last week shortly after reporting its financial results for the first quarter of 2024. The company's strong revenue growth, profitability, and substantial progress in the artificial intelligence (AI) space sent its stock soaring 10%, which put its market capitalization above the $2 trillion mark.
Despite achieving the impressive milestone, here's why Alphabet probably isn't done creating value for investors.
Source Fool.com
Alphabet Inc. C Stock
€164.54
0.100%
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
On the other hand, the target price of 163 € is below the current price of 164.54 € for Alphabet Inc. C, so the potential is actually -0.94%.
