Shares in (NASDAQ: GOOGL) (NASDAQ: GOOG) are up 58% year over year, rallying Wall Street with an expansion in artificial intelligence (AI) and significant ad-revenue growth.

As the home of potent brands like Google, Android, Chrome, and YouTube, Alphabet has become a tech behemoth. Its various services attract billions of users, enabling the company to build a lucrative digital-advertising business. Meanwhile, its massive user base will likely prove a major asset in succeeding in AI.

The company is on a promising growth trajectory and has some exciting developments in the new year. So, here are three reasons to buy Alphabet stock in 2024.

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Source Fool.com