GOOGL - Will Alphabet Be Worth More Than Nvidia by 2025?
2024-06-22 18:45:00 ET
Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock has rallied by more than 40% over the past 12 months and is currently hovering near its all-time high. The tech giant impressed investors with the accelerating growth of its advertising and cloud businesses, a new $70 billion share buyback plan, and the approval of its first-ever dividend.
Those positive developments somewhat allayed investors concerns about Alphabet's slower progress in the artificial intelligence ( AI ) market relative to its peers, but it is still overshadowed by Nvidia , which rallied by more than 210% over the past 12 months as the market's demand for its AI accelerator chips outstripped its ability to supply them.
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Will Alphabet Be Worth More Than Nvidia by 2025?