GOOGL - Why Google Parent Alphabet Is the Best Artificial Intelligence (AI) Stock in the Magnificent Seven
2024-07-26 04:51:00 ET
Google parent Alphabet (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.
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Why Google Parent Alphabet Is the Best Artificial Intelligence (AI) Stock in the "Magnificent Seven"