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Why Alphabet Jumped 35.5 % in 2024

TheMotleyFool 
0 0 12.01.25
Why Alphabet Jumped 35.5 % in 2024Photo, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png
 

Shares of Google parent (NASDAQ: GOOG) (NASDAQ: GOOGL) surged 35.5% in 2024, according to data from S&P Global Market Intelligence. Alphabet entered 2024 under a cloud of skepticism regarding its competitiveness in the artificial intelligence (AI) races and amid pressure from antitrust authorities.

While those headwinds didn't go away -- they actually intensified -- Alphabet executed impressively against them, both technologically and financially. These positives outweighed the negatives, leading to a strong year of gains.

Alphabet has a number of segments, but all are fairly dependent on AI technology. Given the rapid rise in AI competition from incumbents and start-ups alike, Alphabet entered 2024 besieged on all fronts. Yet, the company executed impressively against these challenges.

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Source Fool.com

Alphabet Inc. C Stock

€298.15
0.320%
Alphabet Inc. C gained 0.320% compared to yesterday.
Our community is currently high on Alphabet Inc. C with 66 Buy predictions and 5 Sell predictions.
With a target price of 367 € there is a positive potential of 23.09% for Alphabet Inc. C compared to the current price of 298.15 €.
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