"But two of these stocks, well-established technology giants delivering billions of dollars in earnings annually, actually are pretty cheap right now -- and they also offer bright prospects in the high-growth space of artificial intelligence (AI) today and in the years to come. I'm talking about Alphabet and Meta Platforms , companies well positioned to win in the AI race."
"Alphabet is best known for its ownership of the Google platform, with advertising across it bringing in the lion's share of the company's revenue. This is because Google is and has been for years the dominant internet search engine, holding about 90% share of the worldwide market. But Alphabet also has become a major player in the AI space, using its AI tools -- such as its own large language model (LLM), Gemini -- to improve its search performance."
Alphabet and Meta Platforms rank among market leaders but trade at comparatively low valuations while producing billions in annual earnings. Both companies are positioned to benefit from artificial intelligence adoption and expansion. Alphabet controls roughly 90% of global search and generates the majority of revenue from advertising. Alphabet deploys its Gemini large language model to enhance search and ad effectiveness. Google Cloud provides diverse AI products and has sustained double-digit revenue growth quarter after quarter. A federal judge recently ruled out a breakup of Google, reducing a key regulatory risk. Meta remains cheap and poised for the AI race.
Read at The Motley Fool
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