For the first time in years, investors are struggling with what to make of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). The stock has continued to move higher, but the Google parent's search engine has had more competition with the rise of ChatGPT. That stoked doubts about whether the "AI-first" company could be first in AI.

Nonetheless, investors should not fear it is too late to profit from this company. Here's why.

The doubts about Alphabet's AI prowess are not without justification. Due to Microsoft's close relationship with ChatGPT creator OpenAI, consumers have more reason to turn to the Bing search engine instead of Google. Moreover, when it comes to AI, investors have tended to focus on companies such as Palantir, UiPath, or Nvidia rather than Alphabet.

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Source Fool.com