Should You Buy Alphabet Stock Before April 24?

Earnings season is about to get into full swing. Alphabet (NASDAQ: GOOG) will lead the charge when it reports on April 24 after markets close. The technology conglomerate that owns Google, YouTube, and Android is one of the largest companies in the world by market capitalization, valued at $1.95 trillion as of this writing.Its most important subsidiary, Google Search, looked bulletproof for years, with a true monopoly in search engines. That has changed with the rise of OpenAI and its ChatGPT services. Alphabet stock is off 22% from all-time highs, even as it set revenue records in 2024. Does that mean you should buy Alphabet stock before earnings next week? Or is OpenAI eating the company's lunch?OpenAI has turned into a fast-growing competitor to Google Search. ChatGPT reportedly has 800 million users, which is still well off the billions that use Google Search but ChatGPT has grown like a weed over the last couple of years. Innovating at an insane pace and raising tens of billions of dollars from venture capital, the artificial intelligence (AI) start-up is moving quickly to try and win in the emerging field of large language models. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool