I recently decided to purchase Google stock at the price of $160, reflecting my confidence in the company’s long-term growth potential and its strategic positioning in key markets.
My decision was influenced by several factors:
1. Positive Announcements:
Google's product announcements at Google Cloud Next earlier this month demonstrated the company's commitment to advancing its cloud offerings and closing the gap in the AI race. This bodes well for the company's future, as cloud and AI are two of the most important technological trends in the industry.
2. Growth in Google Cloud:
I believe that Google's cloud division has substantial room for growth and the potential to reach $10 billion in quarterly revenue. Google's investments in this area and its partnerships with major organizations should fuel this expansion.
3. YouTube Success:
I’d like to see more details from management on what’s driving YouTube’s success, as this platform remains a significant asset for the company. Its growing user base and advertising revenue could continue to contribute positively to Google’s overall performance.
4. Potential for a Dividend:
Although Google has not traditionally paid a dividend, I am optimistic about the possibility of one in the future, which could enhance the stock's appeal to a broader investor base and offer additional returns.
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