Down 33% Year to Date, Is Alphabet Stock a Buy Now?
@YNWIM:
This beaten-down growth stock could be poised for a rebound.With dominant positions in massive markets like internet search and video streaming, Alphabet (GOOGL)(GOOG) stands as a titan in the advertising industry. The $1.2 trillion behemoth also has intriguing growth potential in other fast-growing markets, such as cloud computing and artificial intelligence (AI).Yet, like manytech stocks, Alphabet's shares have been down sharply in 2022. Could this be the buying opportunity investors have been waiting for?The bull case for Alphabet's stockThe digital advertising market is projected to grow from $537 billion in 2021 to more than $1 trillion by 2027, according to Statista.IMAGE SOURCE: STATISTA.Alphabet's Google is particularly well-placed to profit from the growth of this m