Google: Don't Fear AI Future
- 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 (, ) 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 ChatGPTinvestment thesis
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