Alphabet ($GOOG) is the most undervalued big tech stock, cheaper than the S&P 500 itself. This is because investors are concerned about Google losing market share to its strongest competitor yet: ChatGPT. Will we ever see Google reach the high valuations of its peers?
“The thing which attracted me to Google and to the Internet in general is that it’s a great equalizer. I’ve always been struck by the fact that Google search worked the same, as long as you had access to a computer with connectivity, if you’re a rural kid anywhere or a professor at Stanford or Harvard.”
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