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Google: Don't Fear AI Future

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  • Google slumped last week following an underwhelming AI chat launch.
  • The company obtains all of their profits from the Google Services business focused on Google search causing the market to excessively worry about competitive threats.
  • The stock trades with an EV of 10x '25 non-GAAP EPS targets even before expected efficiency gains.

Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) collapsed this week following a failed answer in a tweet launching a new conversational AI service. The market was overly dramatic on the outcome of the AI event hosted by Google, especially considering ChatGPT

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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