Investing $1,000 in Google Stock 20 years ago would yield a significant return today.

Google, now part of Alphabet Inc., has dominated the global search market with a staggering 90% share. This dominance began with the offering of the best internet search product, giving it a near-monopoly in this lucrative market.

In the early 21st century, Google went public via a Dutch auction. Over its entire lifetime as a publicly traded company, Alphabet (GOOGL) has generated more than $1 trillion in lifetime wealth creation.

As smartphone sales exploded following Apple's release of the iPhone, Google created the open-source Android mobile operating system. Today, Android is found on approximately 70% of all smartphones.

Google's diversification is evident in its numerous projects, which by 2015 had become so numerous that the company reorganized into a holding company called Alphabet. Some of the products that rolled out include mail, maps, and the Chrome operating system.

One of Alphabet's most successful acquisitions was YouTube in 2006 for $1.7 billion. Today, YouTube generates $36 billion in ad revenue, accounting for about 10% of Alphabet's entire top line.

The chart mentioned in the article shows the comparison between GOOGL stock and an S&P 500 index fund over the past 20 years. If $1,000 was invested in GOOGL stock 20 years ago, it would be worth about $32,000 today, compared to $7,800 for an S&P 500 index fund.

While Google's future success is predicated on competing with Amazon.com (AMZN) and Microsoft (MSFT) in artificial intelligence and cloud-based enterprise services, the past two decades have seen significant returns for investors. If $1,000 was invested 20 years ago in Amazon, Microsoft, and Netflix stocks, it would have resulted in substantial returns today, although no specific figures are provided for these stocks.

According to finance professor Hendrik Bessembinder, only Apple, Microsoft, and Exxon Mobil created more wealth for shareholders than Alphabet. GOOGL stock has an annualized total return (price change plus dividends) of 24%, more than double the broader market's total return of 10.7%.

Of the 65 analysts covering GOOGL stock, 41 call it a Strong Buy, 12 say Buy, and 12 have it at Hold, resulting in a consensus recommendation of Buy with high conviction. With such a consensus, Alphabet (GOOGL) is primed to join the rankings of analysts' top S&P 500 stocks.

In conclusion, Alphabet's (GOOGL) two-decade journey has been nothing short of a buy-and-hold bonanza for investors. From its dominance in the search market to its successful diversification into various projects and acquisitions, Alphabet continues to innovate and grow, making it a strong contender in the tech industry.

Investing $1,000 in Google Stock 20 years ago would yield a significant return today.