We have hit another late summer stock market correction. After going on a monster run in 2023 and early 2024, the Nasdaq 100 technology growth index recently went through a price drop correction. It is currently off 9% from all-time highs hit in early July.

One stock down more than twice the Nasdaq 100 index is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). The technology giant and parent of Google Search, YouTube, and Google Cloud is down over 20% in just a few months. Investors are worried (again) about market share losses and the battle for supremacy in artificial intelligence (AI) that could disrupt Google's historical moneymakers.

These worries are overrated and present a dip buying opportunity for one of the best companies in the world. Here's why Alphabet is a no-brainer buy today.

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Source Fool.com