Are Investors Still Underestimating Alphabet?
Alphabet (NASDAQ: GOOG), (NASDAQ: GOOGL), otherwise known as Google, is one of the largest companies in the world by market cap. Shares of the tech giant are up over 5,000% since its IPO in 2004, and the company now has a market cap of $1.8 trillion. But if its latest results are any indication, the company is showing no signs of slowing down. Here are five reasons investors might still be underestimating Alphabet.
In its latest quarter (second quarter of 2021), Google Services, which houses all search, advertising, and premium consumer products, did $57 billion in revenue. This was up 63.1% from the second quarter of 2020. 2020 was an easy comparison because of the slowdown in advertising spend that happened last year due to the pandemic, but Google is showing once again that its core advertising business can grow even at this massive scale.
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Source Fool.com
