Alphabet's AI Bargain Beats ChatGPT (Rating Upgrade)

Summary

• When I last covered Alphabet Inc., I rated it a Hold, saying that I wanted to see a lower price before buying.
• This was before some recent revelations about Google's true AI capabilities and value proposition came to light.
• The company recently launched a paid AI subscription that offers everything ChatGPT Plus does, plus more, all for the same price.
• Its VEO 3 video AI model is topping Huggingface benchmarks and getting rave reviews on X and Reddit.
• The successes above bode well for GOOGL's ability to dominate online information retrieval, despite competitive challenges from OpenAI.

Michael M. Santiago/Getty Images News

Alphabet Inc. (NASDAQ:GOOG), more commonly known as Google, delivered a flurry of bullish AI news items over the last two months. First, the company released its Google AI Pro and Ultra Plans, which delivered cloud storage

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Short position through short-selling of the stock, or purchase of put options or similar derivatives in GOOG over the next 72 hours. 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.