"Initially, Alphabet ( the parent company of Google) was considered a less attractive investment due to its diversified business model, but Bleeker says that recent developments with the company have shifted his view toward greater bullishness. "I've done an almost 180 on Google. I think I've done 179," Bleeker laughs. "So, I think if we were, if we had started fresh and reallocated mid this year, I would've preferred Google among the mega caps.""
"In every single episode 24/7 Wall St. Analysts Eric Bleeker and Austin Smith break down the most important news in the AI space and show investors how they're allocating $500,000 to their favorite AI stock ideas. Subscribing to the podcast (and gettign all our stock ideas!) is absolutely free. Past recommendations are already up 418%, 287%, and 211% even though the portfolio is little more than a year old!"
Alphabet's investment outlook shifted from cautious to markedly bullish following recent corporate developments. Google’s AI progress and strong stock performance outpaced other mega caps, elevating it from an underperformer among the "magnificent seven." Technology holdings such as Meta Platforms and Amazon were included in a $500,000 AI-focused portfolio because of available cash and earlier strategic choices. Over time, Google’s surge improved portfolio positioning and prompted reconsideration of allocations. The $500,000 AI Portfolio tracks active allocations to favored AI stock ideas. Past portfolio recommendations returned 418%, 287%, and 211% within about one year, and subscription access is free.
Read at 24/7 Wall St.
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