Top Bargain Tech Stocks Ready for Growth
Alphabet
Alphabet (NASDAQ: GOOGL) stock shows strong growth potential despite a 50% increase over the past year. With a forward P/E ratio of 23, the company remains a bargain compared to other AI stocks.
Google Cloud revenue grew 28% to $9.6 billion, powered by its AI technology. Core search revenue rose 14% to $46.2 billion, and YouTube ad revenue increased by 21%.
Google's AI Initiatives
Alphabet's use of AI in ad targeting and search results enhances its monetization potential. Plans for AI overlays on search results indicate further growth opportunities.
Opera
Opera Limited (NASDAQ: OPRA) is a hidden gem in the tech sector, trading at a forward P/E of 15. Strong revenue growth and partnerships with Google drive its potential.
Advertising revenue jumped 21% to $58.6 million, and search revenue grew by 11%. Opera's focus on valuable markets and innovative browser technology position it for further growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.