Analyst Bullish on Alphabet (GOOG) Despite ‘Existential Threats’ to Search Business
2025-04-03T16:39:00.000Z
We recently published a list of Top 10 Stocks to Watch as AI Trade Dynamics Change. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOG) stands against other top stocks to watch as AI trade dynamics change.
Aswath Damodaran from NYU Stern School of Business said in a recent program on CNBC that AI “buzzwords” are not boosting the market anymore as investors grow more concerned about capital spending.
“I’ve said about data centers we’ve gotten way ahead of the game. I mean, the AI product and service business, which ultimately is what has to pay for all of this, has not taken off in any substantial way. I’m hard-pressed to think about any company making significant money from the AI product and service business.”
Damodaran said that the “sobering” of the AI trade started in September last year and the DeepSeek breakthrough in China also had an impact on the industry.
“It’s part of, I think, what you see almost every buzzword in history in the last four decades. I call these the ‘bar mitzvah moment,’ where people wake up and say, ‘Okay, there’s a lot of promise here, but show me something that I can hang my hat on.'”
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Analyst Bullish on Alphabet (GOOG) Despite ‘Existential Threats’ to Search Business
A laptop and phone open to Google's services in an everyday setting.
Alphabet (NASDAQ:GOOG)
Number of Hedge Fund Investors: 160
John Belton from Gabelli Funds said in a latest program on Schwab Network that despite key challenges to search business and overlooked negative sentiment, he likes Alphabet (NASDAQ:GOOG).