Alphabet Inc. (NASDAQ:GOOG)’s new, popular video technology, along with its huge user base and leverage to the blockchain, make GOOG stock attractive, stock researcher Jessica Inskip told Schwab Network recently.
Inskip is the Director of Investor Research at StockBrokers.com.
A New, Popular Video Technology, a “Really Broad Reach,” and Involvement in the Blockchain
Last weekend, there was a “surge” of interest in Alphabet Inc.’s new, AI-powered video technology, Veo3, Inskip reported.
Alphabet Inc.’s decision to release the technology was “a brilliant PR move because the videos really provided in-depth clarity,” she said.
Meanwhile, Alphabet Inc. has 15 products with over 500 million users each, and all of them feature its Gemini AI system, the researcher noted.
Finally, Alphabet (GOOG) is “part of blockchain infrastructure,” and blockchain infrastructure can be built using Google Cloud, according to Inskip, who’s very bullish on the blockchain.
The Recent Price Action of GOOG Stock
In the last month, the shares have gained 7%, while they have retreated 4% in the last three months.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
This article is originally published at Insider Monkey.
Hedge Fund Resource Center