To The Moon

Is there a storm at the horizon, awaiting Google? There is, according to the Business Today post dated 15 Feb 2024. (see below) What happened on Thu, 15 Feb 2024? $Alphabet(GOOG)$ sank after a report that ChatGPT owner OpenAI is developing a web search product that would compete with Google. OpenAI’s service would be partly powered by $Microsoft(MSFT)$’s Bing search engine, the Information reported. Shares in Google parent Alphabet (GOOGL) fell on Thursday as investors digested the latest artificial intelligence news. (see below) At one point in time, it fell as much as -3.8%, far underperforming the Nasdaq 100, which dipped -0.3%. With the loss, Google stock neared its 50-day moving average (ma).

Nvidia is often regarded as the best AI stock, but Wall Street analysts see more upside in The Trade Desk and Docebo.