GOOGL - This Artificial Intelligence Giant Just Reached a Huge Milestone. Time to Buy?
2024-07-26 03:15:00 ET
Investors have piled into artificial intelligence (AI) stocks in recent times on optimism about the technology's game-changing potential. The idea is that AI could help companies become more efficient, generate cost savings, and even make great discoveries. And this may supercharge their earnings down the road.
But some companies already are seeing the benefits of AI, and these are the players offering products and services to those developing AI platforms. One of these tech giants just reached a huge milestone, thanks, in part, to its investment in AI and offering these tools to its customers. I'm talking about Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , most known for its Google search platform and Google cloud services.
Is it time to buy this AI stock?
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This Artificial Intelligence Giant Just Reached a Huge Milestone. Time to Buy?