Alphabet Just Proved Why It's a Top Artificial Intelligence (AI) Stock Once Again
Alphabet's cloud revenue is growing at a remarkable pace.
Overview
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is one of the largest companies in the world, sitting in third place right now. It's widely considered an artificial intelligence (AI) leader, something that wasn't true just a year and a half ago. It just had another phenomenal announcement and showcased once again why it's a strong candidate for best AI stock to own.
Furthermore, Alphabet's stock sank following this announcement, underscoring the market's short-sightedness. The market wants profits now with no spending, and those two things are incompatible. This unrealistic expectation makes now a great time to buy Alphabet shares if you've missed out, and the discount may not last for long.
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Originally published at www.fool.com.