$GOOGL-1.8% is growing and growing. Lately it seems to me that a lot of people are waiting for recessions when $GOOGL-1.8% goes down. But plans are in the works to come up with, for example, an improved Google Bard that should be able to design, run, monitor with adjust marketing not just campaigns, but the entire marketing concept of the company. So, it sounds unbelievable, but if it's even 50% successful, I think it will shoot up rather upwards despite the possible recession. How do you see it? And how do you like Google bard?
Alphabet Inc.
GOOGLCapital Structure
Market Cap
2.3T
Enterpr. Val.
2.3T
Valuation
P/E
27.9
P/S
7.2
Google had great results, which makes me very happy. I don't use Bardo yet, as I mainly use ChatGPT. But I'm going to take a look at Bardo today.
Good results were exactly the catalyst Google needed. I use Bardo on a daily basis. I dropped ChatGPT altogether because of Bard... I don't want to pay for that service and the lack of actual data is a deal breaker for me. But Bard is pretty lying, so it still wants to verify information.
Well unfortunately as you write I'm also looking for some correction and a chance to buy but so far I'd just like to slap myself, on Tuesday before the results I wanted to buy, I said no, it's just high and boom, it's even more and rising. Well what can I do, like I'm holding at a nice buying $96 but I would like more shares no. 😂 I do think as you write if this is at least in some part a success this Bard, we may see more rises.
Google has been priced for some time as a company with growth of up to 10%, which will lose a significant share in advertising. It looks like MSFT and AMZN won't lose money for a few more years and in a worse case scenario just drop some crumbs in that direction along with META. It's not such a big deal anymore, but if I had no position in big tech, I'd be starting here and not with MSFT or AAPL. Google just needs to get the economy running at a standard pace, money coming back into the ad sector and the stock coming to a proper valuation. The cloud and YouTube should give them decent diversification in revenue in 5 years or so and if they deliver a little more it will just be a nice bonus.