Alphabet stock has shown phenomenal returns since its IPO in 2004, with early investors potentially turning a $100 investment into close to $1.2 million today after stock splits. While future returns may not match historical performance, Alphabet remains a strong candidate for long-term wealth accumulation.
Despite being renowned for Google's search engine, Alphabet has seen substantial revenue growth driven by search advertising and its rapidly expanding cloud business. Google's search engine continues to dominate the market, generating significant revenue, while the cloud segment is exhibiting impressive growth and turning profitable.
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