Why Google Parent Alphabet Is the Best Artificial Intelligence (AI) Stock in the "Magnificent Seven"
Google parent (NASDAQ: GOOG) (NASDAQ: GOOGL) delivered strong revenue and earnings growth in the second quarter of 2024. However, because YouTube advertising revenue fell short of Wall Street expectations, the stock tumbled 5% following the Q2 update.
Many investors are missing the forest for the trees with Alphabet. Here's why it's arguably the best artificial intelligence (AI) stock in the "Magnificent Seven."
Alphabet continues to trounce the biggest and smallest Magnificent Seven stocks -- Apple (NASDAQ: AAPL) and Tesla -- in revenue growth. Its earnings are growing much faster than theirs, too.
Source Fool.com
Alphabet Inc. C Stock
€155.08
-0.640%
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 167 € there is a slightly positive potential of 7.69% for Alphabet Inc. C compared to the current price of 155.08 €.
