Alphabet (GOOG) Has Multiple, Positive Catalysts, Stock Researcher Says

Alphabet Inc. (NASDAQ:GOOG)'s new, popular video technology, along with its huge user base and leverage to the blockchain, make GOOG stock attractive, stock researcher Jessica Inskip told Schwab Network recently.

Inskip is the Director of Investor Research at StockBrokers.com.

A New, Popular Video Technology, a "Really Broad Reach," and Involvement in the Blockchain

Last weekend, there was a "surge" of interest in Alphabet Inc. (NASDAQ:GOOG)'s new, AI-powered video technology, Veo3, Inskip reported.

Alphabet Inc. (NASDAQ:GOOG)'s decision to release the technology was "a brilliant PR move because the videos really provided in-depth clarity," she said.

Meanwhile, Alphabet Inc. (NASDAQ:GOOG) has 15 products with over 500 million users each, and all of them feature its Gemini AI system, the  researcher noted.

Finally, Alphabet (GOOG) is "part of blockchain infrastructure," and blockchain infrastructure can be built using Google Cloud, according to Inskip, who's very bullish on the blockchain.

The Recent Price Action of GOOG Stock

In the last month, the shares have gained 7%, while they have retreated 4% in the last three months.

While we acknowledge the potential of GOOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.