Fears About Alphabet Stock

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Fears About Alphabet Stock

Fears About Alphabet (Goog) Stock Are Over

Since the start of the year, everyone has been fearful about the Alphabet (GOOG) stock. For starters, there was a fear that AI chatbots like ChatGPT would be the end of Google Search.

In addition, Alphabet (GOOG) was also going through some expensive antitrust lawsuits. But time has proven that all of these fears were nothing, and the reality is totally different.

Alphabet (Goog): A Big Player In Ai Field

Today, Alphabet (GOOG) is also a big player in AI and has already integrated AI into its products/services. From YouTube to Google Search to Google Ads, they have cleverly woven AI into all of their products.

So, this has also made it possible for the Alphabet (GOOG) stock to ride the AI bandwagon. In fact, when we talk about good AI stocks today, we also have to include Alphabet (GOOG) stock.

quick look at the Alphabet (GOOG) stock price shows it has already gained 80% from its April lows. And based on the current share price, the market cap of Alphabet (GOOG) is easily above $3 trillion.

And last but not least, a big drag for the Alphabet (GOOG) stock was the U.S. antitrust lawsuits. The ruling for one such lawsuit didn't lead to the breakup of the business. This means Alphabet (GOOG) will remain one big chunk of different companies.

So with all things considered, it is totally wrong to say that Alphabet (GOOG) is overpriced. In fact, the share price of Alphabet (GOOG) is very fair and even normal.

quick look at the tech sector in general makes it clear that Alphabet (GOOG) stock is no exception. There are a lot of tech companies that have a P/E ratio higher than Alphabet.

Also, the Alphabet (GOOG) business is way more diversified than most of the tech companies. In that regard, big names like Apple or Shopify don't even come close to the Alphabet (GOOG) stock.

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