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Barchart
Aditya Raghunath

Up 32% In 2023, Will Alphabet’s Stock Continue to Outperform?

Alphabet TikTok Google Google Search Instagram Microsoft Open AI

After trailing the broader markets by a wide margin in 2022, big-tech companies such as Alphabet (GOOGL) have staged an impressive comeback year-to-date. While the S&P 500 ($SPX) (SPY) index is up 7.12%, Alphabet stock has gained more than 32% in 2023. The current market cap of Alphabet is a staggering $1.49 trillion.

However, GOOGL stock is still down about 21% from all-time highs set in October 2021. Let’s see if Alphabet can continue to outpace the broader markets going forward. 

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