Alphabet Shares Continue to Fall as OpenAI Begins Testing AI-powered Search. Should Investors Buy the Dip or Stay Away?
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) continued to sputter after its Q2 earnings results on news that OpenAI is testing a new artificial intelligence (AI) search engine. The stock is now over 12% off its recent highs but still up about 21% on the year.
Let's take a closer look at OpenAI's new search engine and what it could mean for Alphabet and its stock.
OpenAI's new search engine, called SearchGPT, is currently a prototype and will become available to 10,000 test users upon launch. Instead of just providing links to search queries, the search engine will try to organize and interpret results for the user in a more digestible way.
Source Fool.com
Alphabet Inc. C Stock
€158.98
0.650%
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 6.93% for Alphabet Inc. C compared to the current price of 158.98 €.
