Prediction: 1 Stock That Will Be Worth More Than Alphabet 3 Years From Now
Alphabet is the fifth-largest company in the world with a market cap of $2 trillion, and it has reached this position thanks to its dominance in the global search engine market, a fast-growing cloud computing business, and its strong share in the digital advertising market.The tech giant is now deploying artificial intelligence (AI) tools across its key businesses to ensure that it can maintain healthy levels of growth in the long run. Alphabet's AI investments seem to be bearing fruit.The company's Google Cloud revenue increased 28% year over year in the first quarter, along with robust growth in other segments. Alphabet's new AI-powered search and advertising tools are also gaining momentum, suggesting that the company could be at the beginning of a strong growth curve.Continue reading
Alphabet is the fifth-largest company in the world with a market cap of $2 trillion, and it has reached this position thanks to its dominance in the global search engine market, a fast-growing cloud computing business, and its strong share in the digital advertising market.
The tech giant is now deploying artificial intelligence (AI) tools across its key businesses to ensure that it can maintain healthy levels of growth in the long run. Alphabet's AI investments seem to be bearing fruit.
The company's Google Cloud revenue increased 28% year over year in the first quarter, along with robust growth in other segments. Alphabet's new AI-powered search and advertising tools are also gaining momentum, suggesting that the company could be at the beginning of a strong growth curve.
