1 Magnificent AI Stock to Buy Hand Over Fist Before It Soars Higher
It looked like (NASDAQ: GOOG) (NASDAQ: GOOGL) was going to fall behind in the artificial intelligence (AI) race thanks to the botched launch of the company's Bard chatbot earlier this year.
Alphabet's chatbot made a factual error in the promotional video during its launch event in February. It was a mistake that wiped off $100 billion of the company's market cap. However, the tech giant has made a remarkable recovery since it made a slew of AI-related announcements at the Google I/O event on May 10.
Bloomberg points out that Alphabet's market cap has jumped $115 billion since the event, thanks to a 9% increase in the company's stock price. The stock is now up 35% so far in 2023. Investors, however, are still getting a good deal on Alphabet stock, and they may want to buy it before AI supercharges the company's growth and leads to more upside.
Source Fool.com
Alphabet Inc. A Stock
With 82 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 165 € there is a slightly positive potential of 3.2% for Alphabet Inc. A compared to the current price of 159.88 €.
