Wall Street trusts Google search despite AI tools, analyst predicts 8% search revenue growth

Alphabet Inc. (NASDAQ: GOOGL) is listed as one of the 10 Trending AI Stocks on News and Ratings, with Truist Securities analyst Youssef Squali reiterating a Buy rating and $200.00 price target on July 2. Squali is optimistic about Alphabet’s upcoming quarterly results and long-term prospects in artificial intelligence, anticipating 8% year-over-year search revenue growth for the second quarter. Despite concerns about new AI tools affecting search traffic, Google remains a dominant force in the market. While GOOGL is a strong investment, other AI stocks may offer greater upside potential and less downside risk.

Read more at Yahoo Finance: Why Wall Street Still Trusts Alphabet’s (GOOGL) Google Search, Even With ChatGPT on the Rise