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Nasdaq 100 Hits 2023 Highs As Google, Amazon Join The Tech Rally

Kate Stalter
Written by Kate Stalter
May 15, 2023

Key Points

  • AI initiatives are increasingly at the center of growth plans for big tech companies, such as Microsoft and Nvidia. 
  • Google was late to the AI party, but Wall Street cheered announcements from a recent developers' conference.
  • Google's advance propelled the Nasdaq 100 to fresh 2023 highs. 
  • There was no specific AI-related news from Amazon, but it rallied in tandem with Alphabet. 
  • Five stocks to consider instead of Alphabet.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Alphabet (GOOGL)
4.5004 of 5 stars		$158.80-0.8%0.53%19.73Moderate Buy$199.46
Amazon.com (AMZN)
4.8746 of 5 stars		$184.42-1.6%0.11%33.35Moderate Buy$246.50
Microsoft (MSFT)
4.6609 of 5 stars		$395.26+0.3%0.84%31.82Moderate Buy$493.89
NVIDIA (NVDA)
4.903 of 5 stars		$108.92-0.1%0.04%42.87Moderate Buy$164.96
Apple (AAPL)
4.4448 of 5 stars		$212.50+0.6%0.47%33.73Moderate Buy$232.63
Chegg (CHGG)
3.8628 of 5 stars		$0.73+7.4%N/A-0.09Reduce$1.70
Compare These Stocks  Add These Stocks to My Watchlist 

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