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

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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Should You Invest $1,000 in Alphabet Right Now?

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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)
4.6334 of 5 stars
$167.17+1.9%0.48%20.75Moderate Buy$210.59
Amazon.com (AMZN)
4.9158 of 5 stars
$201.56+2.7%0.10%36.45Moderate Buy$260.65
Microsoft (MSFT)
4.9091 of 5 stars
$392.77+0.4%0.85%31.60Moderate Buy$510.59
NVIDIA (NVDA)
4.8913 of 5 stars
$120.15+2.1%0.03%47.19Moderate Buy$171.51
Apple (AAPL)
4.5655 of 5 stars
$220.25+0.9%0.45%34.91Moderate Buy$243.65
Chegg (CHGG)
3.7837 of 5 stars
$0.74+2.6%N/A-0.09Reduce$2.08
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