Alphabet Is King of the FAANG Stocks, and It's Not Even Close
Shortly after Sundar Pichai became CEO of Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) in 2015, he boldly proclaimed that his vision was to evolve into an AI-first company. Alphabet's consistent investments to support long-term growth are certainly reflected in its strong financial performance. Although the company competes with other technology behemoths such as Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Netflix (NASDAQ: NFLX), Alphabet's most recent quarterly results lead me to believe that it could very well become the biggest company in the world in terms of market cap in the not-too-distant future, replacing Apple (NASDAQ: AAPL).
Alphabet stock is up over 67% year-to-date, nearly triple the 24% gain of the S&P 500. Let's dig into the financials to see if these market-beating returns can continue.
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Source Fool.com
