Google has won its court case and will not be forced to divest Chrome and Android. Despite facing competition in AI, Alphabet’s stock is at all-time highs and still a good buy. The company’s dominance in search engine market remains strong, with the court ruling in its favor.
Alphabet’s Chrome and Android are key products that keep users within the Google ecosystem. Losing these assets would have been detrimental to the company. With over $50 billion in quarterly revenue from Google Search, retaining Chrome and Android is crucial. The stock is up over 10% this week on this news.
Alphabet’s main concern now is competition in AI, with OpenAI rapidly growing. Google’s cloud division is thriving, with revenue up 32% year over year. The company’s infrastructure and hardware give it an advantage in AI, allowing it to push products to billions of users. Despite challenges, Alphabet stock remains a bargain with continued growth potential.
Investors should focus on AI competition rather than the recent court case. Alphabet is not resting on its laurels and is actively competing in the AI space. With YouTube, Google Play Store, and other assets, the company has various revenue streams. At a price-to-earnings ratio of 25, Alphabet stock is a good long-term investment.
Read more at Nasdaq: Huge News for Google Stock Investors