From Nasdaq: 2024-05-10 05:00:00

In the race for AI dominance, Microsoft’s ChatGPT-3 led the pack, leaving Google scrambling to catch up with its LLM chatbot, Bard. Google’s missteps in accuracy and misinformation caused a 9% drop in Alphabet’s stock, but the company remains a strong investment with growing revenue streams from Google Cloud and YouTube advertising.

Despite Google’s AI setbacks, Alphabet’s financials show steady growth with a 15% increase in total revenue and a 57% rise in net income year over year. Google Search remains a dominant force, with over 95% global market share in mobile searches, making Alphabet a solid long-term investment choice.

Stock Advisor experts don’t include Alphabet in their top 10 stock picks, but Alphabet’s proven history of AI innovation and strong financial position make it a promising buy and hold choice. With Google’s deep expertise in AI research and solid revenue growth in various segments, Alphabet is positioned for continued success in the evolving tech landscape.



Read more at Nasdaq: Despite Its Recent AI Blunders, This “Magnificent Seven” Stock Is Still a Buy and Hold