Analyst Explains Why He’s Bearish on Alphabet (GOOGL), Sees ‘Diminishing Returns’ in Future
We recently published 10 Stocks Moving on Buzzing News as Analyst Issues Strong Warning About AI Valuations. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks moving on buzzing news. Theotrade’s Don Kaufman said earlier in October on Schwab Network that he’s bearish on Alphabet amid AI threats. He sees GOOG returns “diminishing” with time and mentioned an options trade to play it. “I mean, where are they making their money? Is it AI? Right now, that AI hype trade is part of Alphabet Inc Class A (NASDAQ: ...