CNBC's "Fast Money" The Struggle Is Real For Alphabet… And A New Player In The Weight Loss Drug Battle 2/26/24
Feb 26, 2024
Google facing challenges in AI and stock performance, potential C-Suite shakeup. New competition in weight loss drug battle from Danish company with promising results. Other topics include Bitcoin surge, Berkshire Hathaway's investments, small cap opportunities, and cryptocurrency investments.
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Google's Struggles
- Google's stock is lagging behind its AI rivals, Meta and Microsoft.
- The company faces a messaging problem, competition from high-flying tech names, and technical analysis concerns like a double top.
Google's AI Narrative Problem
- Google's stock has significantly increased since the Bard launch in January 2023.
- However, the narrative of an AI-first company losing ground to OpenAI raises concerns.
Google's Defensive Stance
- Google's lack of innovation and defensive approach are hurting its performance in the evolving search landscape.
- Microsoft's Bing poses a real threat with its new AI integration.