Posted 1/7/2024, 2:00:00 PM
Alphabet Stock Poised to Ride Potential 2024 Bull Market, Powered by AI Investments and Stock Split
- A bull market could be coming in 2024 based on historical market cycles following bear market rebounds
- Alphabet is a great stock to buy to benefit from a potential bull run due to its growth opportunities in AI
- Alphabet recently split its stock 20-for-1, bringing the price down to around $110 per share
- Alphabet is investing heavily in generative AI models and AI hardware like its TPU v5p chip
- Alphabet stock trades at a forward P/E of 21, a discount compared to the broader NASDAQ average of 29