Alphabet vs Apple: Discover Your Better Pick for AI stocks

Here's a comparative analysis of the two most competitive AI stocks- Apple and Alphabet 

With the changing business landscape, AI is surely playing an important role in every industry vertical. Today top listed AI companies offer unique and advanced AI algorithms at fast speed and more reliable solutions at competitive rates. AI stocks are rarer than you might think. Many companies tout AI technology initiatives and machine learning. But there are rare public, pure-play AI stocks. In this article, we will make a comparative analysis of the two most competitive AI stocks- Apple and Alphabet. 

Two of the biggest tech companies in the world are constantly bumping against each other for superiority. Apple (AAPL) has been around the longest starting life as a computer company, but Alphabet Inc. (GOOGL) has more tendrils and is more widely rooted globally, especially because of its ownership of Google.  

Alphabet operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The current stock price of Alphabet is US$2,597.88, 1.71% up from the previous close. 

Apple Inc. designs manufacture and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers the iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch. The current stock price of Apple is US$170.40, 1.63% up from the previous close. 

Alphabet and Apple are both impressive businesses. And in terms of valuation, they have a similar price tag, with Alphabet trading at nine times sales and Apple trading at seven times sales. Moreover, both have strong growth prospects in the years ahead, and it can be said that either could be a market-beating investment.