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Barchart
Barchart
Sushree Mohanty

Here's One of the Best AI Growth Stocks to Own Right Now

Alphabet Google Microsoft Satya Nadella Sundar Pichai Gmail Google Search IO

The dark clouds looming over the technology sector in 2022 appear to have lifted this year, thanks in large part to the artificial intelligence (AI) boom. Most industries can benefit from AI; however, the technology sector is capitalizing the most so far.

As a result, many popular tech firms have skyrocketed in value this year. So far in 2023, Alphabet (GOOGL) stock has gained 53.2%, outperforming the S&P 500 Index's ($SPX) return of 10.9%. Plus, analysts believe the stock has plenty of room to run higher from here, as it incorporates AI into its products to take advantage of this lucrative niche.

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