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Alphabet (GOOGL-0.20%) (GOOG-0.23%) made headlines toward the end of 2024, with its CEO telling its employees to be ready for an important 2025 while also warning that it would be a challenging year.

After strong back-to-back years for the stock market, investors are fixated on whether the bull rally will extend into 2025. To get a better idea of what investors should be watching next year ...