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.