With a market cap of $1.7 trillion, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is undoubtedly one of the most dominant enterprises on the planet. Riding the growth of the internet, the business is one of Silicon Valley's most prominent success stories.

Unsurprisingly, this FAANG stock has made for a wonderful investment. A $1,000 cash outlay 10 years ago would be worth more than $4,500 today, translating to a return of 351%. This gain far exceeds what the Nasdaq Composite index produced.

Let's take a closer look at Alphabet's past. And for investors who missed the boat, it might not be too late.

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Source Fool.com