Strong Trade Call on Google Due to AI Transition

about 1 month ago

Jason Calacanis

"Alphabet reached $3 trillion in market cap, becoming, I believe, the fourth company ever to do so... I bought, let's see, 1,000 shares at 100. And on December 6th, 2023, I bought another 1,000 shares at 130. That $230,000 in Google shares I day traded are now worth... In two years... I mean, they're now worth $268,000. It was a very simple trade. They have DeepMind. They created a lot of the Marden LLMs... I watched over 20 years as they went from the 10 blue links to when you typed in Uber stock price, it would just give you the stock price."

Jason Calacanis details his personal trade on Google (GOOGL), highlighting a strong buy based on Google’s transition in search through AI innovations (including DeepMind). He noted a 115% return over two years as a testament to the company’s strategic evolution, underscoring his high conviction in the stock.

Related Stocks