Alphabet (NASDAQ: GOOGL) hasn’t enjoyed the same spotlight as its Magnificent Seven peers for much of this year. While the broader market and other mega-cap tech names sprinted ahead in the first half, GOOGL spent that time lagging. But the tide appears to be shifting.
The stock is up more than 42% from its 52-week low, has delivered better-than-expected Q2 earnings, and is starting to post stronger relative strength. Over the past quarter, GOOGL has gained more than 18%, outpacing not only many of its peers but also the overall market. Perhaps most tellingly, on Thursday, it was the only Magnificent Seven stock to close in positive territory. A sure sign of growing leadership.
