Bull Market Rally Lifts S&P to Record Highs; Alphabet and Amazon Stocks Still Compelling Long-Term Buys
• The S&P 500 has officially entered a bull market, surging over 20% from its October 2022 lows and setting new record highs.
• Alphabet stock remains attractive despite short-term advertising revenue concerns, given its dominance in search, investments in AI, and reasonable valuation.
• Amazon is well-positioned to benefit from the optimization of its distribution network, the growth of Amazon Web Services, and providing access to generative AI capabilities.
• Both companies are investing heavily in AI, with Alphabet focused on search, advertising, and cloud services and Amazon making AI accessible to AWS customers.
• Despite the bull market rally, these stocks still present compelling long-term investments at current valuations.