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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 we like better than 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)
4.4503 of 5 stars		$175.70-0.9%0.48%21.83Moderate Buy$199.75
Amazon.com (AMZN)
4.8496 of 5 stars		$213.24+0.0%0.09%38.56Moderate Buy$244.89
Microsoft (MSFT)
4.5435 of 5 stars		$478.87+1.3%0.69%38.56Moderate Buy$513.89
NVIDIA (NVDA)
4.8808 of 5 stars		$145.00+1.5%0.03%57.06Moderate Buy$172.24
Apple (AAPL)
4.862 of 5 stars		$199.20+0.2%0.52%31.62Moderate Buy$234.86
Chegg (CHGG)
3.5484 of 5 stars		$1.47-6.7%N/A-0.18Reduce$1.70
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