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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. 
  • 5 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)
4.4956 of 5 stars		$167.83-4.6%0.48%22.26Moderate Buy$205.90
Amazon.com (AMZN)
4.96 of 5 stars		$198.70-2.1%N/A42.55Moderate Buy$235.77
Microsoft (MSFT)
4.8998 of 5 stars		$414.17-0.1%0.72%34.17Moderate Buy$503.03
NVIDIA (NVDA)
4.8004 of 5 stars		$146.71+0.6%0.03%68.81Moderate Buy$160.82
Apple (AAPL)
4.8265 of 5 stars		$228.44-0.2%0.44%37.57Moderate Buy$235.25
Chegg (CHGG)
4.9042 of 5 stars		$1.81+4.3%N/A-0.23Reduce$4.69
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