Is Alphabet a Buy?
Market volatility and concerns over ChatGPT's popularity have caused the stock to tumble almost 25% from its high.
It's been years since Google, the world's dominant search engine, has felt genuine competition. As a result, its parent company, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), has been a market-beating investment for the past two decades.
However, a formidable foe has possibly arrived. The surging popularity of artificial intelligence (AI) chatbots like ChatGPT could threaten Alphabet's gold mine.
These concerns were already affecting the stock, and the sell-off intensified after trade tensions ratcheted up fear and volatility across Wall Street. Alphabet sits nearly 25% off its highs today, one of its steepest declines in recent years.
