Are We Witnessing Alphabet Transform Into the Old IBM?

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is often considered a reliable blue chip tech stock. It owns Google, the world's most widely used search engine; Android, the largest mobile operating system; Chrome, which dominates the web browser market; and YouTube, the top streaming video platform with over 2.7 billion monthly active users. It also provides a broad range of market-leading cloud-based productivity and infrastructure services.Over the past decade, Alphabet's stock rallied nearly 480% as its digital advertising and cloud businesses expanded. From 2014 to 2024, its revenue grew at a compound annual growth rate (CAGR) of 18% as its EPS increased at a CAGR of 23%.Image source: Google.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool