2024-04-22 09:45:00 ET
Summary
- Alphabet's stock has outperformed the market, benefiting from the AI boom and increased investment in search and digital advertising.
- Google's dominant position in search and advertising, as well as its growing business units like YouTube and Google Cloud, contribute to its impressive revenue growth.
- Alphabet's investment in AI, including the integration of generative AI tools into its products, presents opportunities for growth and potential partnerships, such as with Apple.
Investment Thesis
Alphabet ( GOOG ) has outperformed the broader market, rallying more than 10% year to date, compared to the 4% gain for the S&P 500. The rally comes on the stock ending 2023, up by more than 45%, as it benefited from the AI boom. Additionally, the stock's sentiments received a boost from the tech giant's increased investment to strengthen its edge on search, its core business, and lucrative digital advertising. ...
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For further details see:
Google's Undervalued Upside