Analysts unveil bold forecast for Alphabet stock despite ChatGPT threat

Analysts have revealed bold forecasts of the alphabet, although ChatGPT was originally threatened on thestreeet.

I wrote in a question and clicked on some links, and Google can get their salaries if it lands in an advertisement. For years, this simple cycle helped convert Google into a trillion dollars.

But now, this model is threatened.

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Chatbots programs such as Chatgpt from Openai quickly change how people find answers. Instead of browsing through links, users get directly abstracts to artificial intelligence. The “script” is looking quietly in the economy that built the modern Internet.

The number of users grows quickly. The CEO of Openai Sam Altman said in April that Chatgpt already has “something like 10 % of the world” in terms of users, and linking the number closer to 800 million, Forbes said.

Even Google seems to know it. It gives Amnesty International answers, called an artificial intelligence overview, directly at the top of the page.

“What changes is not that less people are looking for the Internet … it’s more and more than the answers to Google is answered directly on the Google page. This is the AI ​​box at the top of Google now accommodates this content that would go to the original content.”

alphabet ((Googl)) Google’s parent company, no cracks appear yet.

In April, the company recorded revenues in the first quarter of $ 90.23 billion, and issued Wall Street’s expectations. The stock profits came at $ 2.81, much higher than $ 2.01 expected.

Related: The analyst reinstates the goal of the NVIDIA artificial intelligence price after an increase of 200 %

The declaration, the backbone of Google’s business, achieved $ 66.89 billion, which represents nearly three quarters of revenue. The “Research and others” sector increased by 10 % on an annual basis, reaching $ 50.7 billion.

Meanwhile, Google’s AI tools began to show traction. The company said that an overview of Amnesty International now has 1.5 billion users per month, an increase of one billion in October.

To date, the numbers indicate that artificial intelligence does not ignite Google yet.

Bank of America is still optimistic about the alphabet shares. The company has repeated the purchase classification and a $ 200 dollar goal, which means a potential increase of 15 % of the current levels, according to a recent research report.

In May, the company said that the average daily global web visits in Google are fixed at 2.7 billion, unchanged from the previous month and a decrease of 2 % from the previous year. Meanwhile, ChatGPT witnessed an increase of 3 % month to 182 million, which represents a 105 % jump on an annual basis.