Once Viewed as an AI Laggard, This "Magnificent Seven" Company May Now Be Winning the AI War

Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) entered the year in a precarious position. The company faced a lawsuit from the U.S. Department of Justice (DOJ) that threatened to significantly impact its business. Meanwhile, the emergence of conversational chatbots, like OpenAI's ChatGPT, prompted a wide swath of investors to question whether Google could maintain its dominant position in the ever-evolving search space.Fast-forward to today, and not only has Alphabet seemingly overcome these challenges, at least for now, but the stock has also rocketed nearly 68% higher (as of Nov. 26). Once viewed as an artificial intelligence (AI) laggard, Alphabet now appears to be a leader in the AI space.Alphabet has long been regarded as one of the most innovative tech companies, working on everything -- from self-driving vehicles to quantum computing. But AI has hit hard and fast, forcing tech companies to play catch-up. It's also difficult for investors to determine what inning of the game we are in and how much the technology can actually disrupt society as we know it.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool