(NASDAQ: GOOGL) (NASDAQ: GOOG) shares have climbed 6,290% since they had their initial public offering 20 years ago in August 2004. During that same time period, the S 500 generated a total return of 637%.

Nowadays, Alphabet is one of the world's most dominant businesses, carrying a market cap of $2 trillion and raking in $328 billion in sales in the past 12 months. But it still looks like a smart investment opportunity.

Here are five reasons to buy Alphabet stock like there's no tomorrow.

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Source Fool.com