Share of Alphabet (Goog 4.50%, (Googl 4.61%, Yesterday has come into life after the company’s I/O presentation. The alphabet announced several new AI products and advances that show that Google is a pioneer in Artificial Intelligence (AI), not falling back.
After years of worrying about interrupting AI to AI, the market has become optimistic, and the shares for ET at 11:30 am are above 5.5%.
AI play of alphabet
Google organized its I/O event yesterday and introduced many product enhancement such as AI-Mode, Android XR, and Agent Mode in the Mithun app. The company is bending to the benefits of its technique and infrastructure to bear more ways for both users and developers on Google Cloud.
Google is bringing all its products to AI. Image Source: Alphabet.
What is the most effective, AI has width of advances from language to video. And the company is trying to push AI into its existing products such as discovery and Gemini, possibly before being interrupted by the search business chat and perplexity.
While the announcements were not financially in nature, he showed how soon the alphabet product is creating platforms that may lead to financial results in the near future. Google Cloud is a growth driver today, allowing AI search in search can allow to grow rather than interrupted, and the expansion of Android in glasses may be another growth platform.
The alphabet is very cheap to pass stock
The market has been worried over the years that Google Search is being interrupted by AI contestants. This is another data point that shows that Google is innovating in AI and may be more likely to disrupt itself than being interrupted. And this today looks cheaper for investors 19.8x Income P/E ratio. If financial results continue to improve, I can see the alphabet the biggest winner in Big Tech this year.
Suzanne Frey, an executive in Alphabet, is a member of the Board of Directors of the Motley Flower. Travis Home has a position in the alphabet. The micle flower has a position and recommends the alphabet. The Motley Fool has a disclosure policy.
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