AI Expansion Will Deepen This Tech Giant's Competitive Moat

Last month, shares in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), parent company of Google and YouTube, went on a hot run. During this time frame, this "Magnificent Seven" stock surged in price, as concerns about competition and regulatory scrutiny subsided.More recently, shares started to cough back these latest gains. As an investor, you may be concerned that this rally is proving to be short-lived and that a further pullback is in store.Shares could stay under pressure in the near term, but I wouldn't rule out Alphabet's potential to remain a strong performer in the long run. Mostly, that is due to the prospect of this stock benefiting from a further valuation expansion, as generative AI strengthens all aspects of the company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool