Alphabet Has a Brilliant Fallback Plan on AI Even if Search Is Disrupted

Google Search parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is the cheapest stock in the Magnificent Seven, and you might scratch your head about why when looking at its financials. Last quarter, revenue grew 14%, with earnings per share up 22%. Yet the stock trades at 19.5 times this year's earnings estimates, a lower-than-market multiple.The reason is that investors fear what the advent of artificial intelligence (AI) will do to Google Search activity, and whether Alphabet's biggest cash cow will come under threat.Last quarter's numbers show that isn't happening, fortunately. But it doesn't necessarily mean disruption will never happen.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool