Alphabet Inc. (Nasdaq:GooglHe is one of 10 shares of artificial intelligence on news and evaluation. On July 2, Truist Securities Youssef Squali reiterated a $ 200.00 purchase rating. The company is optimistic about the next quarterly results from Alphabet as well as its long -term horizons in artificial intelligence.
Squali expects continuous growth through Alphabet business units, which include research. This is despite the investor concerns about the future of Abphabet, as the new artificial intelligence tools such as Proplexity Ai and Openai’s Chatgpt have taken the movement of web traffic that was used for traditional search engines.
SQUALI expects the growth of search revenues on an annual basis by 8 % for the second quarter, which decreased from 10 % growth in the previous quarter. However, this is not a big fall.
“We believe that Google’s search is still one of the most important channels of acquisition of customers and growth for most advertisers.”
The similar growth of advertising sectors and cloud services in Alphabet is expected to slow down, which is not very anxious.
The real cause of anxiety is whether Google can maintain its dominance in the research. Squali quoted a report from Seo Enterprise Seo Brightedge, noting that Google still represents more than 90 % of the online search market. Moreover, the Guegle’s AI’s AI tool grows strongly, which would help the company with the expansion of the search scope of artificial intelligence.
“The artificial intelligence research remains the Google War to lose.”
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