#alphabet-google

#alphabet-google

The stock market is quickly waking up to the fact that is the leading AI software company today. It has overtaken and is less than $200 billion away from overtaking as the world's second-largest company. Overtaking the AI hardware leader, will take a bit more work, as it has a $755 billion lead over Google. Fortuitously for Google, that number is a drop in the bucket these days for Wall Street.

Long-term investing offers many benefits, including tax advantages, compounded returns, and the ability to disregard short-term market fluctuations, which can cause stress and lead to panic selling. These advantages obviously work optimally when investors pick the right stocks to put their hard-earned money in. And with hundreds of choices, it can be challenging to separate those that are worth serious consideration and those that aren't.

Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google has billions of people worldwide who use its services like Search, Gmail, and YouTube every day. It generates loads of cash from advertising revenue that is fueling investments in artificial intelligence (AI). You would think a business in Google's competitive position would trade at more than 23 times next year's expected earnings. This is a lower price-to-earnings multiple than the S&P 500, which makes Alphabet an incredible value right now.

Nvidia has soared thanks to its dominant position in the artificial intelligence (AI) chip market. Over the past decade, Nvidia stock has soared by proportions that may have seemed unimaginable. The stock has advanced a mind-boggling 29,000%. That happened as the company got in on the artificial intelligence (AI) story in its earliest days, allowing it to tailor its chips to suit AI needs and take considerable market share.