Why Alphabet Stock Gained 36% in the First Half of the Year
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) posted strong gains in the first half of 2023, overcoming initial fears that the company was falling behind Microsoft (NASDAQ: MSFT) in the AI race and that Google Search could get disrupted by OpenAI's ChatGPT.
Instead, the stock rallied as it seemed to get through the worst of the slowdown in digital advertising and after it impressed investors with its Bard AI chatbot at its I/0 Conference in May.
According to data from S&P Global Market Intelligence, Alphabet finished the first six months up 36%, outperforming the 15.9% gain for the S 500.
Source Fool.com
Alphabet Inc. A Stock
€146.32
0.740%
The stock is an absolute favorite of our community with 94 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a positive potential of 20.97% compared to the current price of 146.32 € for Alphabet Inc. A.
