From Yahoo Finance: 2025-05-10 13:27:00

After Apple (AAPL) reported a decline in searches on its devices’ internet browsers, Jim Lebenthal expressed his intention to hold Alphabet Inc. (GOOG) stock despite the negative news. Lebenthal, a partner at Cerity Partners, cited GOOG’s low valuation before the shares fell 7.5% yesterday.

He mentioned that about two years ago, GOOG stock had dropped after an AI tool misidentified an object. Lebenthal drew parallels between that incident and the recent news, highlighting GOOG’s strong financial results despite competitive threats.

Alphabet Inc. (GOOG) stock rose 17% in the last month but has fallen 29% in the past three months. While acknowledging GOOG’s potential, Lebenthal believes AI stocks offer higher returns in a shorter timeframe. A report suggests investing in a promising AI stock trading at less than 5 times earnings for potential growth.



Read more at Yahoo Finance: Well-Known Investor Is Leaning Towards Holding Alphabet Inc. (GOOG) Stock