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A technician passes by the logo of US internet search giant Google during the opening day of a new office in Berlin, Germany. — AFP/File
#Alphabet #shares #120bn #blow #search #warnings #blare
For more than a year, alphabet Ink shareholders have put the long -term risks to the company’s mini -printing search business through artificial intelligence. According to Bloomberg, this week the risk was high.
On Wednesday, Apple Ink Executive Court’s testimony revealed that the iPhone maker is looking to add AI services to his web browser, for which Google now pays $ 20 billion a year to become a default search engine. According to Ayeki, senior vice president of Apple’s services, possibly more worrying: Apple’s safari searches fell for the first time last month.
The revelations show that questions standing by rivals such as Open AI and Entropic are already eating in Google Search, which is more than half of the parent’s company’s income and most of the profit. The alphabet said in a later blog post that search questions are increasing, including Apple users coming.
These comments helped arrest the shares around 7.3 % on Wednesday. But the alphabet is still 6.0 % weekly and the market value is at a weekly decline of $ 120 billion.
“The basic problem is, will the alphabet lose its cash cow?” Art Hogan, Chief Market Strategist of B Rally Wealth Management, said. “This is the first time the alphabet has really seen a search competition since the category began, and we are already watching the coach in the coach.”
It is feared that AI is following the alphabet, resulting in the result of a number of cell office since the beginning of the chatigon at the end of 2022. For example, in February 2023, the stock sank on concerns about the accuracy of its AI chatboat.
However, it has shown the ability to recover these losses, and by Wednesday, the alphabet has increased. Following the report of its earnings, a rally of these shares was shown that its search advertising business was strong in the first quarter, which ended March 31.
The size and speed of the alphabet of the alphabet shows how panic about the risks of obstruction by AI – even for a company of tremendous abilities in this sector – is giving everything to the other and making it difficult for investors to give importance to Tech Dev.
For Microsoft Corporation, such as Migakap peers, have long been traded on postponement, but the vacuum has been expanded over the past year during the problems behind the YouTube owner AI.
According to Bloomberg’s data, on Wednesday, the alphabetical share price was printed 15 times a profit price over the next 12 months, compared to an average of 21 times over the past decade. The Microsoft price is 30 times the expected profit compared to the average 26.
According to B Hughan of B Rally, the problem is that more and more competitions in search can endanger future profits.
“We do not know how much it can lose, or how quickly it is,” he said. “This means that we cannot be confident in the P/E -one income.”
The alphabetical representative refused to comment further.
It seems that the alphabet market share remains intact. According to the latest status data, which is from March, alphabetical search engines account for about 89 89.7 % in the world worldwide. Compared to this, in January 2023, after the release of Chat GPT, with 92.9 % in January 2023.
Most of the Wall Street analysts live faster on the alphabet. More than 80 % of the 76 analysts tracked by the company covering Bloomberg is a purchase rating rating. While it is other megakops – Microsoft, under the Amazon[dot]Com INC and Meta Platforms are purchased by 90 % or more analysts – alphabetical average analyst’s price target is less than 30 %, which is the ability to return more than others.
Although Google search volume growth has decreased, the extension of revenue is constant, said Evercor ISI’s Mark Mahani. In a research note published on Thursday, he advised clients to buy shares in the context of the drop.
However, some are getting more careful. According to Melissa analyst Ben Ratz, the current estimate may be more expected to demand $ 115 billion worth of net income for $ 115 billion.
He wrote in a research note on Wednesday, “In view of the April trends indicated in the comments of the cue, the paid clicks could be damaged.” “In our experience, this equipment is fast.”
