Reported about 13 hours ago
Alphabet has shown strong performance, surpassing revenue and earnings expectations in Q2 2023, driven by robust demand in AI and Google Cloud. While its growth prospects are promising, with plans for significant capital expenditure on AI, a 100-fold return in 10 years is unrealistic. Investors may still consider buying Alphabet stock at its current valuation, as it promises double-digit revenue and EPS growth, but should temper expectations on potential returns.
Source: YAHOO