From InvestorPlace: 2024-05-14 07:00:46

Alphabet stock faces potential sell-off amid fears of diminishing advertising moat. Recent news on OpenAI partnering with Apple and rumored AI search engine launch could impact GOOG shares. OpenAI’s denial of imminent search product launch leaves room for potential pullback in Alphabet stock price, creating a buying opportunity for long-term investors. Despite competition, Google search market dominance remains strong. It may be advantageous to enter a buy-and-hold position in Alphabet stock even at current prices. Rumors of OpenAI search launch could provide a cheap opportunity to increase exposure to Alphabet stock.



Read more at InvestorPlace: Alphabet Stock Outlook: Pounce on GOOG if There’s an Open AI-Driven Sell-Off