Posted 3/11/2024, 5:59:00 AM
Alphabet Stock Presents Buying Opportunity as AI Boom Looms Despite Nvidia's Overvaluation
- Nvidia has skyrocketed recently due to AI hype, but may be overvalued now with little margin of safety
- Alphabet is an AI pioneer that seamlessly uses it across products like Gmail, Photos, Maps, YouTube
- Alphabet stock is down 14% from highs, presenting a buying opportunity at a P/E of 23
- Alphabet has tremendous resources to invest in AI with $203B in operating cash flow over 2 years
- Alphabet is well positioned to benefit long term from the AI boom compared to others