In this case, the opportunity is the growth of content delivery networks (CDNs), which are local data. Still, every piece of good news is a reminder that Alphabet can continue to offer value to its shareholders. Cloudflare is another tech leader with an attractive long-term opportunity. This doesn’t guarantee that Alphabet will succeed in the future. It’s Definitely Not Too Late to Buy GOOG StockĬlearly, the headlines indicate that Alphabet is on a winning streak. And if Samsung decided to stick with Google, maybe other manufacturers will also choose Google over Bing. Remember, both Google and Bing have generative AI features now. So, if you’re thinking that everybody is switching from Google to Bing in 2023, think again. Evidently, that won’t change anytime soon. Reportedly, Google comes pre-installed as an app on Samsung’s smartphones. Specifically, electronics manufacturer Samsung chose not to replace Google with Bing as the default search engine for Samsung’s smartphones. Google and Alphabet actually just scored a huge win against Microsoft and Bing. Don’t jump to any hasty conclusions, though. Some onlookers may have already decided that AI-enhanced Bing is the big winner and Google is the loser in 2023. Satellites in orbit replace the towers and grid layout used in other tower defense games. Electronics Manufacturer Chooses Google Over Bing Take on the Gorg in more than 40 challenging levels of revolutionary tower defense action. This high-court decision is a huge win for Alphabet, which derives significant revenue from Google and YouTube. In effect, the Supreme Court upheld Section 230, which protects content platforms from liability arising from user-produced content. For example, the Supreme Court just dismissed a lawsuit that would have held Google and YouTube (and therefore Alphabet) liable for content that may have contributed to a violent act. Recent headlines suggest that the answer is yes. More important than any traditional valuation metric, however, is whether Alphabet can continue to thrive as a business enterprise. In other words, Alphabet’s 23-ish P/E ratio shouldn’t remind anyone of the dot-com bubble. Consider, however, that Alphabet’s GAAP forward price-to-earnings (P/E) ratio of 23.09x isn’t outlandishly higher than the sector median of 19.46x. Since GOOG stock touched its 52-week high not long ago, some folks might be afraid to invest in Alphabet now. Alphabet is a textbook example of a publicly listed company that’s in favor on Wall Street but can continue to provide value to the shareholders throughout the year. However, just because a stock went up doesn’t necessarily mean it’s overvalued. On the other hand, value-focused investors might be concerned about Alphabet’s valuation. Momentum-focused traders should certainly be happy about this. Alphabet’s shareholders have enjoyed strong returns lately.
0 kommentar(er)
