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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. 
  • MarketBeat previews the top five stocks to own by February 1st.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Alphabet (GOOGL)
4.1657 of 5 stars		$198.05+1.0%0.40%26.27Moderate Buy$208.15
Amazon.com (AMZN)
4.787 of 5 stars		$230.71+2.1%N/A49.40Moderate Buy$246.85
Microsoft (MSFT)
4.9449 of 5 stars		$428.50-0.1%0.77%35.35Moderate Buy$512.93
NVIDIA (NVDA)
4.9501 of 5 stars		$140.83+2.3%0.03%55.42Moderate Buy$164.63
Apple (AAPL)
4.7247 of 5 stars		$222.64-3.2%0.45%36.62Moderate Buy$238.02
Chegg (CHGG)
4.6947 of 5 stars		$1.51+1.7%N/A-0.19Reduce$4.50
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