Alphabet Stock Soars to New Peak. Here's Why I'm Doubling Down.

After a rebound year in 2023, the tech sector continued its momentum through the first half of this year. Notable tech-heavy indexes like the Nasdaq Composite and Nasdaq-100 are up around 20% and 19%, respectively, largely due to the growth of big tech stocks.Like most stocks associated with artificial intelligence (AI), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) has benefited from the technology's ushering into the mainstream. Alphabet's stock is up close to 32% this year and reached a new all-time high in late June.When stocks are flirting with peaks, many investors become hesitant, fearing a correction could be in the works. Whether that happens remains to be seen, but as a long-term investor, I'm doubling down on Alphabet, and here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool