Did Alphabet Just Say "Checkmate" to OpenAI?
Ever since OpenAI introduced ChatGPT to the public a few years ago, some Wall Street analysts have sounded the alarm for (NASDAQ: GOOGL) (NASDAQ: GOOG). The concern is straightforward: As consumers increasingly turn to chatbots to answer queries, Alphabet's long-standing dominance in Google Search could face disruption.
Since the bulk of the company's revenue comes from advertising fees tied to search, any erosion in Google's market share seemingly poses an existential threat to Alphabet's financial engine. On the surface, this bearish narrative is compelling. But the reality is far more nuanced.
Alphabet's financial resilience, strategic partnerships, and product evolution suggests that the company is not only prepared to defend its turf but may also emerge stronger in the face of rising competition.
Source Fool.com
Alphabet Inc. A Stock
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With a target price of 292 € there is a slightly positive potential of 3.67% for Alphabet Inc. A compared to the current price of 281.65 €.
