2023-04-22 11:30:00 ET
With the Nasdaq down 6% over the last 12 months, tech stocks still haven't fully recovered from the 2022 bear market. That said, some companies are beginning to surge as investor optimism returns. Let's explore why the bull runs could be just getting started for Alphabet (NASDAQ: GOOG) , (NASDAQ: GOOGL) and Global-e Online (NASDAQ: GLBE) .
Up by 18% year to date, Alphabet stock is beginning to recover from one of its biggest crashes on record. And while inflation and macroeconomic uncertainty will pressure the digital advertising industry, investors shouldn't underestimate the company's ability to diversify its revenue streams through new opportunities in artificial intelligence (AI).
So far, Google's generative AI chatbot, Bard, has been compared unfavorably to rivals like ChatGPT. But investors should remember that this is only the first chapter in a story that could take decades.
For further details see:
2 Top Tech Stocks to Buy Before They Skyrocket