Alphabet Is No Longer the Cheapest "Magnificent Seven" Stock. Why It's a Buy Anyway

OpenAI's ChatGPT has disrupted the entire tech industry as companies scramble to incorporate generative artificial intelligence (AI) into their ecosystems. Such moves often make older technology obsolete, and many have feared this is the case with Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG).Google Search dominated for decades as users turned to the platform to find websites, and it earned tens of billions in revenue annually by tying these searches to digital advertising. However, many users now ignore Google altogether and have moved on to ChatGPT, even as Alphabet's response with Gemini and AI-enabled searches has not fully succeeded at stemming the tide away from its platform.Fortunately, despite concerns about the search business, Alphabet's efforts to respond to and sidestep its competitive threats were so successful that its P/E ratio overtook that of Meta Platforms. Amid that move, Alphabet remains a buy; here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool