🌟🌟🌟Google $Alphabet(GOOG)$ $Alphabet(GOOGL)$ share price is hammered after the US Department of Justice calls for sale of Google's Web browser Chrome. Google has dropped 4.5% on Thursday trading but is still up 21% year todate.
However according to Analysts this punitive action may face lots of legal challenges ahead and may take years to resolve. Google also has the right to appeal too.
I view this as a temporary setback for Google and a great time to bargain hunt Google. It is now the cheapest stock of the Magnificent 7 with a P/E ratio of just 22.45. In contrast $NVIDIA Corp(NVDA)$ P/E ratio is 68.89 while $Tesla Motors(TSLA)$ P/E ratio is 93.12.
Google has a wide moat with over 90% of the Search engine market share globally. It is the Top 3 Cloud computing provider. Google is also investing heavily in AI which will allow it to grow exponentially in the future.
I am a long term investor of Google and do not plan to sell my shares anytime soon. In fact, I may buy more as it is undervalued and oversold.
@Tiger_comments @TigerStars
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