Prediction: Alphabet's AI Advances Could Add $3 Trillion in Market Cap by 2030

Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has had a very strong run since early this month. That's when a Federal judge ruled Alphabet wouldn't have to divest key assets as part of its antitrust decision, could continue paying distributors to pre-load its Search engine onto phones and other devices, and could retain some types of data it collects on its platforms for itself. The sigh of relief over the better-than-feared ruling sent Alphabet shares up nearly 20% thus far in September and a solid 34% on the year, sending the company's market cap over $3 trillion.But who's to say Alphabet can't double again? After all, the Search juggernaut was the cheapest Magnificent Seven stock to start the year. And even after its strong run, its stock only trades at 25 times earnings, which isn't that expensive compared to other AI darlings. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool