Google Is The Most-Hated Tech Stock On Wall Street – Time To Buy


  • Google initially got swept up in the late-year AI minibubble, but now investors have dropped the stock like it’s hot after a bungled product demonstration.
  • Even Meta is again more expensive than Google on a forward P/E basis.
  • Are investors overreacting to fears that Google will somehow lose out on the next big thing? Yes.
  • Do sell-side analysts get paid hundreds of thousands of dollars per year to publish their hot takes on AI and the metaverse? I’m afraid so.
  • Should you buy Google for a below-market PE? Yes.
Crowd of people meeting around big bonfire in summer

Gregory_DUBUS/iStock via Getty Images

Don’t look now, but Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has taken the crown from Meta (META) as Wall Street’s least-favorite big-tech stock. After much ado about ChatGPT in November and December of last year, Google unveiled its own AI

Disclosure: I/we have a beneficial long position in the shares of GOOGL either through stock ownership, options, or other derivatives. 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.

Leave a Reply

Your email address will not be published. Required fields are marked *