Early in February, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock fell by 12% over a two-day span after Microsoft unveiled its new ChatGPT-powered version of the Bing search engine and Alphabet botched the introduction of Bard AI, its competitor to ChatGPT. Since then, the conventional wisdom seems to be that Alphabet stock has become oversold due to an exaggerated threat from its big tech rival. According to most conventional metrics, Alphabet stock does look cheap. Read More...
Early in February, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock fell by 12% over a two-day span after Microsoft unveiled its new ChatGPT-powered version of the Bing search engine and Alphabet botched the introduction of Bard AI, its competitor to ChatGPT. Since then, the conventional wisdom seems to be that Alphabet stock has become oversold due to an exaggerated threat from its big tech rival. According to most conventional metrics, Alphabet stock does look cheap.
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