Stacy Rasgon Says Companies Like Alphabet (GOOG) Already Getting Returns on AI Investment – ‘They’re Not Idiots’

We recently published Top 10 Trending Stocks Everyone’s Watching in Q4. Alphabet Inc. (NASDAQ:GOOG) is one of the trending stocks everyone's watching. Stacy Rasgon, Bernstein U.S. semiconductor managing director and senior analyst, was recently asked on CNBC about his thoughts on concerns of an AI bubble. The analyst said he remains on the bullish side of the AI trade and explained that companies are already starting to see returns on their investments. Rasgon gave the example of Alphabet during the discu ...