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With a market cap of $2.17 trillion, Google’s parent company, Alphabet (GOOGL), is among the world’s most powerful technology firms. Over the last two decades, Alphabet has evolved from a simple search engine to a diversified giant with dominance in digital advertising, cloud computing, consumer electronics, and artificial intelligence (AI). Despite its massive size and dominance, Alphabet is still regarded as a fast-growing stock with significant upside potential.
GOOGL stock is down 6.3% year to date, while the tech-led Nasdaq Composite Index ($NASX) is up 5.3%.
