Google I/O 2024 Takeaway: Slow On Innovation, Strong On Distribution


  • Alphabet Inc./Google’s I/O 2024 event showcased key features and technological updates, although it still moderately lagged OpenAI’s innovation.
  • The company’s core strengths, including its wide network of products and user base, give it an advantage despite not being as innovative as OpenAI.
  • Google’s I/O event has set a formative base for the company to see its valuation multiples expand, making it a buy.
  • From here on, my models suggest at least 16% upside for Google stock from current levels.
Exploring Data Search with Cute Robot AI Concept Illustration.

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Investment Thesis

Alphabet Inc. aka Google (NASDAQ:GOOG, GOOGL) just wrapped up its annual I/O 2024 developer conference, announcing key features and technological updates. The full presentation can be watched here, whereas the company also has a

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in GOOG over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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