CNBC Televisionยท2025-10-29 21:42Google's Performance and Market Position - Google's performance beat expectations across almost every metric, demonstrating impressive results [1] - Concerns about an existential threat to Google's core search business have diminished, and the gap with competitors like ChatGPT appears to be narrowing [5] - Google Cloud is gaining on AWS (Amazon Web Services), the number one market share holder, and Microsoft Azure, but cloud growth impacts gross margins [8] - Investors are realizing that Google is not cannibalizing its digital ad business as much as initially feared [9] AI and Competition - Microsoft's early lead in AI, following its partnership with OpenAI, seems to be changing, with Google gaining momentum [3] - Google's approach to AI with Gemini is different from Microsoft's strategy with OpenAI, which focuses on leveraging Azure for enterprise clients [6] - The initial launch of Bard, Gemini's predecessor, was considered a disaster, raising concerns about cannibalizing Google's ad business [7] Investment Perspective - Despite a significant run-up in the stock price, Google's valuation remains reasonable, especially considering its momentum and evolution [4] - Google's multiple is comparable to Meta's, but Google is considered to have better prospects [10]