Alphabet's Secret Weapon in the Artificial Intelligence Race
The artificial intelligence (AI) revolution is growing increasingly competitive as start-up and tech incumbents are racing to earn a spot in this emerging industry.
Like it or not, tech giants like Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) have an enormous edge over start-ups, as they can leverage their considerable resources to stay ahead of the competition. This article will focus on one critical resource that Alphabet can wield to its advantage.
And no, we are not talking about its vast data trove (that's for a future article). Instead, we will focus on its $115 billion in cash, cash equivalents, and marketable securities.
Source Fool.com
Alphabet Inc. A Stock
€156.58
-0.040%
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a slightly positive potential of 13.68% compared to the current price of 156.58 € for Alphabet Inc. A.
