Posted 3/20/2024, 10:34:03 AM
Alphabet Stock Still Attractive Despite AI Stumbles
- Alphabet remains a strong long-term investment despite recent AI stumbles with Gemini
- Revenue and earnings grew double-digits in 2023; analysts project continued growth
- Gemini rollout faced flaws but Google is addressing issues and enhancing the product
- Share buybacks have reduced outstanding shares by 10% in 5 years; dividends possible
- Current P/E of 23 makes GOOG stock attractively valued for such a dominant company