Alphabet Inc. is a part of the search engine company Google and is an investor in many of its projects. Alphabet has invested a lot in its robotics division, which includes the robotics arm of Google X, as well as self-driving trucks for loading and unloading cargo. The focus on building robots in the transportation area is an interesting one, but it’s also an investment that will be interesting to watch over time. Other major stock holding company of NASDAQ GOOG is IBM, so we’ll touch on some of their other investments as well.
The primary business of Alphabet Inc. is providing search applications to the Internet. It also owns X, a high-speed internet company, and is working on a new project called Waymo. Waymo is in competition with Verizon and AT&T, but Alphabet’s acquisition of the car-oriented company could change the face of the mobile internet industry, as well. This is yet another example of Google jumping into a highly competitive market.
Alphabet Inc. also looks to be making a high number of acquisitions in the technology space. These are mostly smaller, though some large companies have also said they would like to do business with them. One such company is X, which is responsible for developing self-driving cars. Other acquisitions have been made by the likes of Sidewalk Labs and Alcon. These acquisitions help to solidify Alphabet’s place as a player on the high end of the stock market.
Alphabet is working hard to solidify its position in the digital marketplace. Its new product, called Wingfender, is in competition with Skype and Vonage. Wingfender will allow users of smartphones and other digital devices to communicate with each other without being tethered to their desktops. Alphabet’s goal is to create a platform that works across multiple platforms and will appeal to the device and application ecosystems that are popular among current smartphone users. Google has also announced that Android will be coming to the Nest brand’s devices.
Alphabet is also very involved in the research and development of self-driving vehicles. It owns stake in ride-sharing company Waymo, too. All of these factors help to solidify Alphabet’s place as a leader in the high tech stock market.
The financial reporting guidelines for Alphabet Inc. are not strict, which does make it an appealing option for prospective investors. The overall business model appears sound and any significant losses can easily be offset through future growth. The stock is priced at a great deal given its history, and the management team seems well aware of the risks they face. There is, however, always the risk that the market will overheat and the price will fall to below book value. You can get more information like balance sheet at https://www.webull.com/balance-sheet/nasdaq-goog.