Is Google still a buy? Would you invest in it the way Buffett just did?: to me, this is kind of a no-brainer as I type this out. Let me tell you why:
(1) Analysts are largely bullish & raised their price targets on the strength of Google Cloud and its core search business integrating AI. Some have upgraded it to "Strong Buy" and expect further gains in the next quarter
(2) Strong performance and future potential with it being up ytd and outperforming the S&P 500 over past 10 years.
(3) AI adaptation and valuation drivers make the valuation compelling
(4) Dominant market position & great moat.
Is Google Done Rallying? Bet on AI Flywheel or Sell Into the Hype?
Google lost 1% as Nvidia rebounded on Wednesday.
With 68% gain YTD, is Alphabet's rally done this year?
Would you take some profit or keep holding for its AI flywheel?
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