Jul. 14 at 8:34 PM
$GOOGL The point of Google as an investment is that it does very well in both the bull and the bear cases of AI.
1. AI succeeds - the biggest benefactor (Gemini owner, plus Claude, SpaceX shares) plus its own compute infra it has built up using massive CapEx.
2. AI does ok - even if AI doesn't succeed in all knowledge domains (like coding, etc.) to the extent people are thinking it will, it's remarkably suited for the businesses Google has - Ads, Images, Video, etc.
3. AI Fails - we go back to what Google had, but more intelligent, and Google has lots of spare compute it can not put to use in its other businesses which are anyway having record after record quarters.
This is the current main reason to buy Google (just through the AI lens which is the dominant investing lens atm). There are other lenses - Quantum, SaaS, Other bets, etc. - but even ignoring those bullish bets, this one is a no-brainer.
