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Posted by
Two Blokes Jun 27 -
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Stock
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Bank of America has labeled Alphabet Inc (NASDAQ:GOOG) as one of the best-positioned consumer AI companies despite concerns over AI disruption to its core ad business. “We think fears of AI disruption to GOOGL's core ad business are overblown,” Bank of America analysts wrote in a note, adding valuation of 11 times EV/EBITDA “provides an attractive entry point.