Alphabet Goes All In on Artificial Intelligence (AI). Is It Time to Go All In on the Stock?
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) showed that it's going all in on artificial intelligence (AI), unveiling new AI features and products at its Google I/O developer conference on May 14. The company has long invested in AI, but there have been some lingering doubts among investors that it is behind and that AI could disrupt its dominant position in search. This can be seen in the company's valuation, which trails other leading large-cap AI names.
GOOGL P/E Ratio (Forward) data by YCharts.
Source Fool.com
Alphabet Inc. C Stock
€163.58
0.390%
With 23 Buy predictions and not a single Sell prediction Alphabet Inc. C is an absolute favorite of our community.
However, we have a potential of -0.35% for Alphabet Inc. C as the target price of 163 € is below the current price of 163.58 €.
