Will Willow Be GOOGL’s Next Big Step Forward?

Google parent company Alphabet Inc (NASDAQ: GOOGL) has outdone itself…

The company recently rocked the market with the announcement of a new quantum computing chip (known as “Willow”) which can perform some tasks supercomputers would take more than the age of the universe to complete. 

While experimental quantum computing chips have been created in the past, Willow is better at reducing errors, an issue that has been a major hurdle in quantum computing technology. Even in the last few days, investors have reacted well to the news (see chart of the last 5 days below):

What exactly does this mean for investors? 

The sky’s the limit, according to those who believe quantum computing is the future of high-end processing and computing. With it, AI can advance greatly, and there are potential uses in medicine, cybersecurity, energy, and more. Other tech giants are working on quantum computing, but with this, GOOGL has taken a decisive lead, one that might make all the difference in future market races.

In the meantime, GOOGL is doing well by WallStreetZen’s metrics. At writing, it has a Zen Rating of B, and has a strong forecast and rating by analysts, enjoying a Buy consensus among 28 analysts. It has had good results in the last quarter, and the diverse array of ventures under GOOGL’s umbrella keeps it a more secure choice than some of the more focused fare among the tech stocks. 

And on the occasion when it experiences a failure or pushback, GOOGL has typically shown a willingness to experiment, innovate, and adapt. While it may need to divest Google Chrome from itself pending regulatory action, it is also working itself into the ridesharing space via Waymo.

And, of course, one cannot possibly forget: GOOGL has absolute dominance of the search market, and this doesn’t seem likely to change anytime soon. As long as this is the case, GOOGL is in a strong position in the tech space.

Why You Should Look into GOOGL:

• It receives a Zen Rating of B, showcasing several strengths when it comes to value, sentiment, its financials, and safety. This is all the while showcasing no weaknesses. Even if the news about Willow did not exist, our system would still consider it one of the best stocks to buy today. Note that stocks with a Zen Rating of B had an average return of +19.88% per year.
• GOOGL is showcasing strong results from its research, and while Willow and its successors might not have applications yet today, it might very well become the basis for the next generation of computing. That’s something many investors will want to get in on early.
• Analysts who favor buying GOOGL note the company’s generally strong performance and focus on innovation.

To learn more, get more key information, and stay on top of GOOGL with an unlimited watchlist, sign up for WallStreetZen Premium today so you don’t miss anything and save yourself valuable time.

What to Do Next? 

• Learn about the revolution that has unlocked 32.52% annual gains since 2003
• Get more stocks like this - Try WallStreetZen Premium 
• Stock picks, delivered to you: Gain access to our Zen Investor portfolio

Want to get in touch? Email us at news@wallstreetzen.com.