Google's ChatGPT competitor is a big deal, but the company's earnings point to near-term struggles, Gene Munster says
"That's a big deal, because ultimately if they can integrate a ChatGPT version into the power of their search … that's something ChatGPT doesn't do today," Munster said in an interview onon Wednesday, adding that Google has been calling itself an AI company since 2016. That's makes the company one of the best-positioned to do something"big" in the AI space, he said, calling the company's rival to ChatGPT a"lever" for long-term investor optimism.
But still, Alphabet expects revenue growth to clock in at 3% over the next quarter, while other mega-cap internet stocks are expecting relatively flat returns.
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