Is Alphabet a Buy? – The Motley Fool

There are numerous reasons to be bullish on this tech giant.

Alphabet‘s (GOOGL 0.77%) (GOOG 0.69%) big reliance on digital advertising can be a boon in robust economic times, but a headwind in weaker ones.

The company’s revenue was up just 3% in the most recent quarter (ended March 31), a sharp slowdown from previous years, showcasing this new macro reality. And Alphabet is focused on cutting costs where it can, with the layoffs of 12,000 employees making headlines.

The market is reacting positively, though, with shares up 40% in 2023. But they are still down 17% from their all-time high. Does this make Alphabet stock a buy right now? Let’s look at why I believe the answer to that question is a resounding yes.

Still a leader in the global search market

With the popularity of artificial intelligence (AI) and OpenAI’s ChatGPT amassing 100 million monthly active users, many investors are wondering how this game-changing technology will alter the corporate landscape. Microsoft‘s Bing…

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