2024-01-31 11:12:23 ET
Summary
- Alphabet/Google's Q4 earnings disappointed investors with lower-than-expected ad revenues, causing the stock to drop over 5%.
- Despite concerns about Google's lack of innovation and clear vision, the company still dominates the search market and leverages AI in its products.
- Google's solid performance, commitment to development, and undervaluation make it a strong investment with long-term potential.
Thesis Summary
Alphabet Inc. ( GOOGL ) has just reported its Q4 earnings , and the stock is down over 5% after disappointing investors with lower-than-expected ad revenues, even though the company beat on both EPS and overall revenue.
It would seem that many investors have written off Google, since the artificial intelligence ("AI") mania has taken place. Sure, this presents many challenges but also opportunities....
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Google Q4: A PayPal Moment