Is Alphabet Stock a Buy Now? – The Motley Fool
This is a generational buying opportunity for a leading tech stock.
Shares of Alphabet (GOOG 0.65%) (GOOGL 0.64%) have fallen 40% from their all-time high, with the latest pullback being driven by fear about artificial intelligence.
The fear of disruption isn’t unfounded given how quickly AI has grown. But that may be overlooking what a strong business Google is right now. And I think this could be a generational buying opportunity for an amazing business.
Advertising is down
Before we get to the good news, the reality is that Alphabet’s biggest moneymakers were actually down to end 2022. Fourth-quarter revenue in search fell 1.6% to $42.6 billion, YouTube revenue dropped 7.8% to $8.0 billion, and Google Network fell 8.9% to $8.5 billion. Some of the declines can be attributed to companies spending less on advertising, but the impact of Apple‘s (NASDAQ: AAPL) app tracking transparency (ATT) is also being felt.
On the positive side, Google Cloud revenue was up from $5.5 billion a…
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