This "Magnificent Seven" tech stock has the strength to soar, thanks to its growth engines. Alphabet (GOOG -3.33%) (GOOGL -3.37%) had more than $110 billion in cash and cash equivalents on its balance sheet at the end of 2023. The company is investing heavily in artificial intelligence, and capital expenditures are projected to climb 27$32 billion last year, according to Bloomberg. However, several Wall Street analysts saw that cash pile as evidence that Alphabet was preparing to p ...