Alphabet Inc (NASDAQ:GOOGL) is highlighted in recent stock news as investors focus on AI trade momentum. Analyst Tony Zhang believes Google’s integration of AI into its search engine has been successful, showcasing the company’s ability to monetize AI technology, with a forward earnings multiple of 23 times, making it an attractive long-term investment.

Alphabet’s position in the AI market is strong, particularly in developing an ecosystem around search and Cloud services. The company’s Google Cloud is gaining traction, with a significant increase in cloud margins and a backlog of $106 billion. ChatGPT’s market share in AI chatbot traffic is declining, while Gemini is rapidly growing, quadrupling its market share in the last six months.

Read more at Yahoo Finance: Analyst Explains Why Alphabet (GOOGL) is ‘Incredibly Inexpensive’ AI Stock