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Alphabet stock has too much optionality and is too good to pass up right now.
Alphabet (GOOG 9.96%) (GOOGL 10.22%) has been up and down in 2023, but right now the company looks well positioned to grow in search, the cloud, and even autonomous driving.
In this video, Travis Hoium explains why he recently bought shares and where there's upside for this tech giant.
*Stock prices used were end-of-day prices of Dec. 12, 2023. The video was published on Dec. 13, 2023.
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. Travis Hoium has positions in Alphabet and General Motors. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, Nvidia, and Uber Technologies. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. 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.
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