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
€159.54
0.350%
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 170 € there is a slightly positive potential of 6.56% for Alphabet Inc. C compared to the current price of 159.54 €.
