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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

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Alphabet (GOOGL)
4.4749 of 5 stars		$173.32-1.5%0.48%19.32Moderate Buy$199.75
Amazon.com (AMZN)
4.7792 of 5 stars		$212.52-1.1%N/A34.61Moderate Buy$244.89
Microsoft (MSFT)
4.4067 of 5 stars		$480.24+0.5%0.69%37.11Moderate Buy$515.68
NVIDIA (NVDA)
4.8665 of 5 stars		$145.48+0.9%0.03%46.93Moderate Buy$173.05
Apple (AAPL)
4.89 of 5 stars		$196.58+0.5%0.53%30.62Moderate Buy$234.86
Chegg (CHGG)
3.6902 of 5 stars		$1.44-1.7%N/A-0.17Reduce$1.70
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