Shared on 22 May 25
Fair value Increased 12%Generative AI is in fact, sustaining - Google I/O 2025 From early discussions in 2023 about how Alphabet's core business was going to be disrupted by ChatGPT, Alphabet has shown over the last 2 years that it can rise to the challenge and adapt. I won't repeat what was covered at the Google I/O 2025 conference the other day, or the Q1 2025 earnings report, but if you don't want to watch the Google I/O 2025 event, check out The Verge's 32 minute summary here: https://www.youtube.com/watch?v=bDVpI23q8Zg&ab_channel=TheVerge And you can find its Q1 2025 earnings results slides here: https://abc.xyz/assets/0d/82/1464241c40ca89c5981759fc541c/2025q1-alphabet-earnings-slides.pdf As for how both of these impact my narrative on Alphabet, here are a few of my thoughts: The recent fear around Google Search being dethroned (as Apple's Safari possibly opens up to alternatives, and people use ChatGPT instead of search) seems to be a bit overblown from my point of view.