Discussions on Reddit about Alphabet Inc. (GOOGL) have been lively, with users debating the company's valuation and future growth prospects. Some users express skepticism about Google's growth potential, citing the evolving search engine landscape and the rise of AI-driven platforms like ChatGPT. They argue that Google's P/E ratio expansion may not be justified by its fundamentals. However, others highlight Google's strong position in search and its diversified portfolio, including YouTube and Google Cloud, which continue to show growth. A recent survey positioned Google Cloud as the "most strategic" AI vendor, surpassing competitors like Microsoft and OpenAI, which has sparked increased interest from CIOs planning their 2025 budgets.
The Direxion Daily GOOGL Bull 1.5X Shares (GGLL) experienced a slight decline, dropping 0.44% to $47.53 as of 7:20 AM on Friday, December 13.