The 1 Tech Stock I'd Buy With My Eyes Closed at Today's Prices
Alphabet stock is up 16% this year, but is badly underperforming other tech stocks.
The 1 Tech Stock I'd Buy With My Eyes Closed at Today's Prices
Overview
The run-up in artificial intelligence (AI) continues to push the stock market to new highs. The Nasdaq-100 is up an impressive 43% so far, solidly outdistancing the S&P 500's gain of nearly 10%.
One outlier, however, is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock. Despite being a member of the "Magnificent Seven" cohort and boasting not only a fast-growing cloud business but also running a powerful internet advertising operation, Alphabet stock is up only 16% so far this year (at the time of this writing).
Details
There's a lot to unpack with Alphabet stock, and some of the company's investments are making some investors nervous. But if I had to buy one stock today, I'd tamp down my doubts, close my eyes, and buy Alphabet. Here's why.
Source
Originally published at www.fool.com.
