Alphabet's Q2 Earnings Confirm AI Stack Thesis
The second-quarter earnings of Alphabet (GOOGL) have confirmed the AI Stack thesis, according to analyst's recent article on Seeking Alpha. The thesis suggests that Alphabet is building a robust AI stack through its acquisitions and investments in various companies.
The company has made significant strides in this area with its acquisition of DeepMind, which has been instrumental in developing advanced AI technologies. Additionally, Alphabet has also invested in other AI-focused companies such as Google Cloud and Waymo.
The analyst believes that the combination of these acquisitions and investments will lead to significant growth for Alphabet in the long term. Despite the company's impressive second-quarter earnings, its shares are still undervalued according to the analyst.