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Alphabet ends 2024 on high with help from quantum tech leap

  • Alphabet is ending 2024 on a high, with a quantum computing breakthrough spurring a stock rally late in the year.
  • The quantum computing capabilities of Alphabet's Willow chip have generated positive sentiment and helped the stock outperform.
  • While the algorithm used has no practical applications yet, the potential for quantum computing is vast.
  • Alphabet shares trade at a lower multiple compared to other tech companies and are seen as undervalued considering their track record of successful monetization.

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