Alphabet Stock Poised for Growth as AI Boosts Search, Cloud Business
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The "Magnificent Seven" stocks, including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, are industry leaders poised for growth from AI.
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Alphabet in particular is surprisingly cheap right now despite strong earnings growth, competitive advantages, and growth potential from AI.
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Alphabet's Google Search holds over 90% market share, providing a wide moat, and its AI updates are enhancing search and ads.
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Google Cloud is seeing rapid 25% revenue growth recently, partly thanks to AI offerings, presenting a big growth avenue.
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With the AI market potentially reaching $1 trillion by 2030, Alphabet is well positioned to benefit as a leader, making it a promising investment.