Posted 3/19/2024, 7:49:00 AM
Alphabet Stock: Poised for AI and Cloud Gains Despite Recent Underperformance
- Alphabet stock has underperformed tech stocks in 2024, but could be poised for gains from AI and cloud computing growth
- Google advertising revenue declined in 2023, but Google Cloud is growing revenue share
- Investors worry Alphabet is behind in monetizing AI, but it could win long-term as AI drives more cloud computing
- As a top cloud provider, Alphabet is well-positioned to benefit from AI intensifying cloud adoption
- Motley Fool analysts identified 10 top stocks to buy now, but Alphabet wasn't one of them