$113 billion in cash could bolster growth. Search engine giant and internet company Alphabet ( GOOGL 1.79%) ( GOOGL 1.79%) went years without much adversity. The stock delivered life-changing returns, turning a $10,000 investment into more than $360,000 over its lifetime. But the explosion of interest in artificial intelligence (AI) has Wall Street questioning Alphabet’s long-term future . The stock is down almost 40% from its high, which puts its valuation at its lowest in some time. While one shouldn’t dismiss the threat of innovation, Alphabet has become an opportunity to score double-digit price returns moving forward without taking on excessive risk. Here is what you need to know. (1.79%) $1.65 Current Price $93.65 GOOGL $1,202B 35,160,105 41,365,209 55.38% N/A Alphabet’s valuation reflects investors’ fear The company doesn’t need much introduction; Alphabet is one of the world’s most powerful technology companies. Anyone who uses the internet has likely heard of either Google Search or YouTube; these two sites are the most heavily trafficked in the world. Selling ads to the global population that frequents these sites is how Alphabet makes most of its money. Alphabet’s success jumps out when you put it in chart form; the business continues growing […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
