Billionaire Investors Bet Big on Alphabet's AI Dominance and Stock Value
• Billionaire investors Steven Cohen, Stanley Druckenmiller, and Bill Ackman have made large investments in Alphabet (Google's parent company).
• Alphabet is developing industry-leading AI models like Gemini that are more advanced than competitors.
• Alphabet makes money by weaving AI into popular products like Gmail, Docs, Sheets and Slides.
• Alphabet is expected to report record revenue of $305 billion in 2023, up 8% year-over-year.
• Alphabet stock trades at a P/E ratio of 24.8, a 17% discount compared to its tech peers, presenting a buying opportunity.