Alphabet's 160% rally in a year reflects value of owning 'most of the stack' in AI

AI Summary

Alphabet's impressive 160% stock rally is attributed to its strategic positioning in the AI sector, suggesting that investors foresee a significant competitive edge for Google in this area. This analysis underscores the changing dynamics in technology investments.

Google was seen as an AI laggard in the early days of the AI boom, but investors are now betting that the search giant will be a clear winner.