Posted 12/19/2023, 1:22:00 AM
Alphabet Stock Jumps As Wall Street Sees AI Momentum Driving Growth
- Alphabet (GOOGL) stock price jumped 2.4% on Monday amid momentum for AI stocks
- Wall Street growing more bullish on long-term prospects of leading AI companies
- Alphabet positioned to benefit from AI improvements across search, ads, cloud, etc.
- Stock still reasonable valued despite 54% gains in 2023, trades at 20x earnings
- For long-term investors, Alphabet looks like a worthwhile AI/tech portfolio addition