This Artificial Intelligence (AI) Stock Looks Dirt Cheap Right Now

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) doesn't get nearly enough credit for its leadership position in artificial intelligence (AI). The stock trades at a forward price-to-earnings (P/E) ratio of less than 19 times analysts' 2026 earnings estimates, making it one of the cheapest megacap AI stocks out there. For a company with dominant positions in search, mobile, and video, along with rapidly growing cloud computing and robotaxi businesses, that valuation looks far too low.One of the reasons why Alphabet's stock is so cheap is that investors have worries that AI will disrupt its Google Search business. So far, that hasn't happened. In fact, search revenue growth accelerated in the second quarter, climbing 12% year over year to $54.2 billion. Rather than people using Google less often, the addition of new AI features has actually helped drive more search queries. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool