Alphabet: Buy More The Best AI Play At A Reasonable Valuation
Summary
- Google is a strong long-term investment for growth portfolios, especially during market corrections, due to its track record and technological prowess.
- Google's AI models and technologies are viewed as the best in the field currently.
- Google's growing business in Search, YouTube, and Cloud is the best playing field for AI. This is the combined user base unmatched by any AI players.
- Google share price is cheap (PEG -10%) and based on its growth projection at double-digit rates.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOG, GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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