Alphabet's AI Bet Bodes Well for Long-Term GOOG Stock Investors

Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) stock is flush with over $100 billion in cash and wisely investing chunks of it in artificial intelligence. This is already benefiting the advertising and cloud computing arms of its business, as second quarter results have shown. The company still faces the risk that AI could disrupt its core search advertising cash cow. However, Alphabet is taking the smart approach by embracing AI rather than fighting it. So far, this move is paying off.Google Search remains the domin ...