By zooming out, it becomes obvious that Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has been a huge winner for investors. Shares have surged 144% in the past five years, and they’re up an impressive 525% just in the last decade. Becoming a dominant internet enterprise has resulted in some very happy shareholders.
But as of this writing on May 28, this top technology stock trades 16% below its high, which was reached on Feb. 4. Should you take advantage of the market’s pessimism and buy the dip on Alphabet right now?
Image source: Alphabet.