3 Insights from the Quarterly Results of Alphabet
Alphabet is a winner of the AI revolution. Concerns that Google Search would become obsolete have not materialized.
I'm invested in Alphabet and consider the stock to be attractively valued with a P/E ratio of 20.
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Insight 1: The artificial intelligence revolution is a growth driver for Alphabet. Google Cloud is growing by 32%. Subscription products (which also include the new AI products) can increase revenues by 20%. Even advertising revenues through Google.com are up by 12%. There is no sign of the feared slowdown from ChatGPT. This is largely due to Alphabet expanding the search function on Google.com with AI features like "AI Overviews." Insight 2: The clear focus on artificial intelligence is paying off. Investments are being intensified. Alphabet...
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