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After Apple (AAPL) disseminated that the search for the Internet browsers of their devices had fallen for the first time last month, Jim Lebenthal told CNBC that his “inclination” was to have actions of Alphabet Inc. (GOOK) Despite the negative news.
Lebenthal, a member of Cerity Partners, often appears in CNBC.
Lebenthal’s reaction to the news
By saying that Goog’s assessment was low before the shares fell by 7.5%yesterday, Lebenthal said that his “inclination” was to keep his actions as a result of the news.
However, the investor added that he wanted to analyze the information before making a final decision.
He also said that, about two years ago, the actions of Alphabet Inc. (Goog) had fallen abruptly after the Gemini Ai tool of the firm “mistakenly identified” an object.
Suggesting that there were some similarities between the news of yesterday and the situation two years ago, Lebenthal said that, despite concerns about “competitive threats” following the previous incident, Goog’s financial results have been strong.
The recent action action of Alphabet Inc. (Goog) Actions
In the last month, the shares increased by 17%, but they have sunk 29% in the last three months.
Although we recognize the potential of Goog, our conviction lies in the belief that the stocks of the AI have a greater promise to obtain higher yields and to do it in a shorter period. There is an AI stock that increased since the beginning of 2025, while the popular AI actions lost around 25%. If you are looking for a stock of Ia more promising than Goog Ia stock cheap.
Read below: 20 best shares of Ia to buy now and 30 best shares to buy now according to billionaires
Dissemination: None. This article is originally published in Insider Monkey