- Its quantum computing chip can solve problems that a traditional computer cannot do.
- The application of the technology is unclear, but it shows the company continues to innovate.
- Investors should keep the diversification and optionality of Alphabet in mind.
STOCKS MENTIONED
GOOGL Alphabet $189.82 (-1.1%) -$2.14
GOOG Alphabet $191.38 (-1.2%) -$2.25
Shares of Google parent Alphabet (GOOGL -1.11%) (GOOG -1.16%) rose nearly 6% after the company announced the release of a quantum computing chip...
The State of Alphabet's Stock
Despite a gain of over 35% for the year for Alphabet stock, the company has appeared to struggle over the last couple of years...
Can Quantum Computing Help?
The future of quantum computing is possibly bright but uncertain. While the ability to exponentially increase computing speeds is a positive...
Alphabet's Diversification
Investors often forget that Alphabet sits on a staggering $93 billion in liquidity...
Will Quantum Computing Make Alphabet Stock a Buy?
How much quantum computing will ultimately contribute to Alphabet's revenue is unknown at this time. Hence, it is probably not a direct reason to buy stock...