Should you buy Google stock? (December 2023)

Visit my website for more: https://www.3minutebreakdowns.com Alphabet/Google stock analysis. Ticker: $GOOG $GOOGL Google released its latest AI model Gemini last week which appeared to blow ChatGPT out of the water. However, people quickly pointed out that the demonstration was grossly misleading and not achieved in real time. This caused the stock to drop by about 3%. At the latest price, the company has a market cap just under 1.7 trillion dollars. With 120 billion dollars of cash and investments, the enterprise value is 1.56 trillion. Although Google stock doesn’t look too expensive at 16 times EBITDA, investors are starting to wonder if the company can maintain its dominance. AI tools like ChatGPT are growing in popularity and can hurt Google’s business in two significant ways. First, they can answer questions quickly and efficiently, which means users have less need for search engines. Second, publishers can use AI to pump out content at seemingly little cost. Google search results then become filled with AI content that increasingly includes hallucinations and results in a poor experience for the end user. #stocks #investing #googlestock #stockstobuy