I don't know about you, but I'm going to close a position on Alphabet $GOOGL today that I took at $91. It gave me +34% in the short term. I was originally planning on a longer term hold, but what is happening in the markets has nothing to do with healthy growth.
Tomorrow is Google's annual developer conference, where Alphabet plans to announce several AI-related news and improvements, including the release of LLM for mainstream use.
They will also be showing off the new Pixel Fold foldable phone, for example.
What do you think about the leaked insider document from $GOOGL in which their senior software developer writes that Google has virtually nothing unique in the AI field to beat the competition?
I think we'll be able to buy $GOOGL stock nicely undervalued on Monday. 👍
So far it doesn't look like that in the pre-market but we'll see. I would definitely buy under $95. We need to take advantage of news like this and dips. Many times I feel like the market overreacts, but at least it creates an investment opportunity.
$GOOGL is trying to patent AI that allows you to create user interfaces and even entire applications using only natural language descriptions. 💡🌐 This patent could be another advantage for $GOOGL. 👍
Both$GOOGL and $MSFT are large corporations. And this is what limits the growth potential that AI can bring them. They're just so diversified that this revolution here won't have as big an impact on them as it will on pure AI companies.
As a young investor, I'm trying to find a company that's purely AI development. So I'm hoping to make it happen.🚀
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I haven't sold anything in years but have been buying $AAPL:)