There is a school of thought that Alphabet's (NASDAQ: GOOGL) Google will not be the search engine of the future.
Thursday, the markets clearly showed that the market rotation is finally here. Investors should be mindful that small caps and other beaten-down market areas will likely outperform in the coming months.
In a particularly fruitful week for many participants in the stock market, the stocks of Google parent Alphabet (NASDAQ: GOOGL) have joined the new all-time high (ATH) club, and they continue to race on the wings of positive developments and optimistic expectations.
Alphabet Inc (NASDAQ: GOOGL) has already gained some 40% since its year-to-date low in early March but analysts at Jefferies remain convinced it can push further to the upside in the coming months. Shares of the tech titan currently pay a dividend yield of 0.43%.
The ongoing bullish sentiment around the stock market has been primarily attributed to companies venturing into the artificial intelligence (AI) sector.
AI stocks to check out in the stock market right now.
Long before AI chatbots like ChatGPT gained public attention, Alphabet Inc Class A GOOGL was already using AI in key areas like Google Docs, Gmail, and its advertising platforms, which are major revenue sources.
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Alphabet (GOOGL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Recently, Zacks.com users have been paying close attention to Alphabet (GOOGL). This makes it worthwhile to examine what the stock has in store.