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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. 
  • MarketBeat previews the top five stocks to own by July 1st.

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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)
4.4331 of 5 stars		$174.67-0.6%0.48%21.70Moderate Buy$199.75
Amazon.com (AMZN)
4.8257 of 5 stars		$212.10-0.5%0.09%38.35Moderate Buy$244.89
Microsoft (MSFT)
4.512 of 5 stars		$474.96-0.8%0.70%38.24Moderate Buy$515.68
NVIDIA (NVDA)
4.8185 of 5 stars		$141.97-2.1%0.03%55.87Moderate Buy$172.24
Apple (AAPL)
4.8395 of 5 stars		$196.45-1.4%0.53%31.18Moderate Buy$234.86
Chegg (CHGG)
4.0636 of 5 stars		$1.36-7.8%N/A-0.17Reduce$1.70
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