With dominant positions in massive markets like internet search and video streaming, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stands as a titan in the advertising industry. The $1.2 trillion behemoth also has intriguing growth potential in other fast-growing markets, such as cloud computing and artificial intelligence (AI).
Yet, like many tech stocks , Alphabet's shares have been down sharply in 2022. Could this be the buying opportunity investors have been waiting for?
The digital advertising market is projected to grow from $537 billion in 2021 to more than $1 trillion by 2027, according to Statista.
For further details see:
Down 33% Year to Date, Is Alphabet Stock a Buy Now?