Google Is A Buy Amid Perplexity And ChatGPT Noise (Technical Analysis)
Summary
- Alphabet's stock is in strong uptrends across all time frames, supported by robust technicals and resilient fundamentals, making it a moderate buy.
- Despite competition from AI-driven search engines, Alphabet's own AI advancements provide tailwinds, maintaining its search dominance.
- Recent earnings showed significant growth, with a 15% YoY revenue increase and a 37% YoY EPS rise, justifying current valuation multiples.
- Investors should focus on Alphabet's strong technicals and fundamentals rather than potential AI competition, indicating a positive outlook for the stock.
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