Is This the End for Alphabet Stock?
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) was slammed last week when a testimony from an Apple (NASDAQ: AAPL) executive stated that he expects traditional search engines to disappear and be replaced with artificial intelligence (AI)-powered search features. This news caused Alphabet's stock to tumble 7%.
In the first quarter, 56% of Alphabet's revenue came from the Google search engine, so this is clearly a huge part of its business. If Google search is replaced by AI, could that be the end of Alphabet's stock as investors know it?
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Stock
€272.05
0.540%
With 147 Buy predictions and 4 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 306 € there is a slightly positive potential of 12.48% for Alphabet Inc. A compared to the current price of 272.05 €.
