Why Alphabet Stock Can Outperform for a Decade

By Travis Hoium – May 1, 2024 at 4:00AM

NASDAQ: GOOG

Alphabet

Market Cap

$2,170B

Today's Change

(0.89%) $1.55

Current Price

$175.43

Price as of May 16, 2024, 4:00 p.m. ET

The cloud is going to be a huge growth driver for Alphabet.

Alphabet's (GOOG 0.89%) (GOOGL 0.97%) core business looks stronger than ever and is trading for a reasonable multiple for investors. But there's a lot of growth ahead for growth businesses like Google Cloud and Waymo, which Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of April 29, 2024. The video was published on April 30, 2024.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Uber Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.