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Nasdaq 100 Hits 2023 Highs As Google, Amazon Join The Tech Rally

Kate Stalter
Written by Kate Stalter
May 15, 2023

Key Points

  • AI initiatives are increasingly at the center of growth plans for big tech companies, such as Microsoft and Nvidia. 
  • Google was late to the AI party, but Wall Street cheered announcements from a recent developers' conference.
  • Google's advance propelled the Nasdaq 100 to fresh 2023 highs. 
  • There was no specific AI-related news from Amazon, but it rallied in tandem with Alphabet. 
  • Five stocks we like better than Alphabet.
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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Alphabet (GOOGL)
4.7526 of 5 stars		$159.84+1.7%0.50%19.86Moderate Buy$206.51
Amazon.com (AMZN)
4.9282 of 5 stars		$182.30-1.4%0.11%32.97Moderate Buy$254.60
Microsoft (MSFT)
4.8864 of 5 stars		$388.260.0%0.86%31.26Moderate Buy$503.86
NVIDIA (NVDA)
4.8978 of 5 stars		$111.41+0.4%0.04%43.84Moderate Buy$168.26
Apple (AAPL)
4.788 of 5 stars		$206.15+4.0%0.49%32.72Moderate Buy$238.50
Chegg (CHGG)
3.2389 of 5 stars		$0.50+3.9%N/A-0.06Reduce$2.08
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