Tech giants have the strongest stocks in 2021

Among the US technology giants, Alphabet, the parent company of Google, has experienced a big win in 2021 in terms of investment. This is a stock in the group of US technology giants with the strongest growth this year.
With a closing price of $2,933 on December 30, Alphabet stock rose 68% in value. As such, Google’s parent company topped the chart in terms of share price growth over the past year. Behind Alphabet is Microsoft (stock price up 51%), Apple (33%), Meta (23%), Amazon (5%). Another notable large corporation, Tesla, also recorded a share price increase of up to 51%.

Tech giants have the strongest stocks in 2021

Google ads are golden eggs for Alphabet
According to CNBC, most of Alphabet’s revenue comes from Google’s advertising, an area that has proven resilient, even growing during the Covid-19 pandemic. More users search the web and mobile, watch more YouTube videos. The cloud infrastructure division is also thriving thanks to the trend of working and learning remotely.
In its third-quarter earnings report for the third quarter of 2021, Alphabet said ad revenue grew 43 percent to $53.1 billion. YouTube’s ad revenue rose to $7.2 billion, beating investor expectations.
The sustainability factor in Alphabet’s growth is highly appreciated by investors. In 2021, a series of other Internet companies such as Facebook and Snap are affected by privacy changes in the operating system of iPhone phones. Meanwhile, Google has the advantage of controlling the Android operating system and not depending on Apple.
In 2021, Alphabet revenue is expected to grow 39% to $254 billion. This is the company’s fastest growth since 2007. In 2020, Alphabet lost revenue for the first time in the second quarter. However, by early 2021, Google’s search business gradually returned to pre-pandemic levels. .

Users spend a lot of time on YouTube during the epidemic period
At this point, countries reopen and users find more products and services, while spending more time on YouTube. The world’s largest video platform recorded the highest growth of all social networking applications in the US during Covid-19.
Alphabet’s growth surprised the market and investors. The last time Google’s parent company outperformed Wall Street expectations was 12 years ago, when the stock doubled.
Alphabet’s market capitalization reached $1 trillion in January 2020. Nearly two years later, Alphabet is nearing the $2 trillion mark. In addition to its core business of development, Alphabet also profits from investments in UiPath, Duolinggo, Freshworks, Toast.

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