I increased my position in Alphabet (GOOG) as I see the market’s discount as an overreaction to fears over generative AI competition. While skeptics argue that Google Search will lose relevance, recent results tell a different story — Search revenue rose 12% year over year in Q2, an acceleration from the previous quarter’s 10% growth. Alphabet isn’t standing still; its AI Search Overviews have already been used by over 2 billion people in 40 languages, offering an integrated generative AI experience without sacrificing monetization. This proactive adaptation reinforces my confidence in Google’s resilience and long-term growth potential.
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